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As of FYE 2016, Costco had 86.7mm cardholders and 47.6mm members. The explanation – each membership comes with up to two cards for a household so most households have 2 cards but not all. 47.6mm is the more important number though because this is the number from which the membership fees are derived.
The Fervent Loyalty of a Costco (COST) Member — Scuttlebutt Investor
scuttlebuttinvestor.com
Thus, when under threat, they are willing to sacrifice themselves and their ideals for the survival of the group from which they draw their self-esteem. The social theorist Takamichi Sakurai ...wrote bluntly: "Group narcissism leads people to fascism. An extreme form of group narcissism means malignant narcissism, which gives rise to a fanatical fascist politics, an extreme racialism."
At one memorable lunch, I arrived burdened with problems that I began to unload on him. Mr. Jesselson listened carefully—he was good at that—and waited until I had run out my string. Then he put down his fork, turned to me, and in his thick German accent said, “Look, Brad, if you want to make money in the business world, you need to get used to problems, because that’s what business is. It’s actually about finding problems, embracing and even enjoying them—because each problem is an opportunity to remove an obstacle and get closer to success.”
How to Make a Few Billion Dollars
Brad Jacobs
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