Why Wal-Mart is Good for America (and Maybe Your Portfolio)

Part 3 of 3

In the final analysis, I believe that the Wal-Mart is good for America, good for its citizens, and good for the World. I believe that cashiers make a choice when they take a job and to get angry at the company for not paying them more is unacceptable as they are perfectly free to work their way through college, move up in the company, start their own business, or invest even a small amount (if someone were to graduate from high school, work at the company and save only $5,000 per year, earning the long-term rate of return on equities, they would retire with $8.53 +/- million dollars. That is not a typo; they simply don't understand the almost unfathomable power of compounding). In fact, I believe it so much, that at the time of publication, I owned shares of the retailer in my personal portfolio.