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Acquiredfm Stories of the greatest companies & entrepreneurs. Our Podcast 👉 beacons.ai/acquiredfm

Home Depot vs. the S&P 500, in log scale.Or for an even crazier chart, Home Depot vs. Apple... which IPO'd within 12 mon...
28/09/2026

Home Depot vs. the S&P 500, in log scale.

Or for an even crazier chart, Home Depot vs. Apple... which IPO'd within 12 months of each other!

It is one of the wilder facts in business history that Home Depot froze all new store openings and then nearly doubled p...
21/09/2026

It is one of the wilder facts in business history that Home Depot froze all new store openings and then nearly doubled per-store revenue over the next decade.

20/09/2026

A little deleted scene from our Home Depot episode

Amazing night with all of you and our friends at Sentry. Thanks to everyone who came out for our 2026 community meetup! ...
18/09/2026

Amazing night with all of you and our friends at Sentry. Thanks to everyone who came out for our 2026 community meetup!

And thanks to PATH, Dandelion Chocolate, and the Susan Wojcicki Foundation for the Acquired Universe crossovers too.

We found it. The perfect LinkedIn profile.
15/09/2026

We found it. The perfect LinkedIn profile.

In your podcast players now: Home Depot's founding story is like an Avengers movie… if the Avengers got fired, went brok...
14/09/2026

In your podcast players now: Home Depot's founding story is like an Avengers movie… if the Avengers got fired, went broke, and stacked empty paint cans ten feet high to look legitimate. After being unceremoniously fired from their previous hardware chain at ages 48 and 35, Bernie Marcus and Arthur Blank took the words of their New York banker Ken Langone (who had also just accidentally caused their firings) to heart: they'd just been "kicked in the ass with a golden horseshoe.”

They proceeded to author the greatest compounding story in American retail history, helped by some legendary cameos along the way from Sol Price, Jamie Dimon, and Ross Perot (to name a few). And the ending is as good as any superhero film: from its 1981 IPO to today, Home Depot has been the single highest-returning equity in the entire US stock market — higher than Apple, Microsoft, Berkshire Hathaway, and everything else!

Tomorrow.
13/09/2026

Tomorrow.

One of the big takeaways from our Disney Part II episode is that ESPN's profits funded the entire rest of the company. F...
28/08/2026

One of the big takeaways from our Disney Part II episode is that ESPN's profits funded the entire rest of the company. For decades.

Here it is illustrated. Cable networks (most of which was ESPN) reached 59% of total profits in 2011!!

25/08/2026

Why Steve Jobs Bought Pixar

🎙 From Disney: The Renaissance and the Empire

20/08/2026

Disney Paid $4 Billion for Marvel. What Did It Get?

🎙 From Disney: The Renaissance and the Empire

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