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I suspect the correlation between shopping at dollar stores and having significant investment fund exposure is a lot lower than you're implying.
by rurp 5y ago
I suspect the correlation between shopping at dollar stores and having significant investment fund exposure is a lot lower than you're implying.
- astronautjones 5y agoI share your suspicion.
- dcolkitt 5y agoAnd I'm sure those same dollar store shoppers collectively held approximately 0% of the equity in the locally owned business that was displaced. But as price-sensitive consumers they do benefit from the substantially higher economies of scale, the productivity efficiencies of management best practices, and the lower cost of capital that comes with a professionally managed multinational corporation.
- arrosenberg 5y agoNot really. The multinational corporation harvests the benefits, while the consumer gets to continue to not starve due to inflation.
- dcolkitt 5y agoThat's not true. The major dollar stores have significantly lower operating margins than comparable local groceries.