Nick Sleep

Nick Sleep is the investor associated in Costco and Vanguard with the phrase “scale economies shared.” The Costco episode uses the phrase to describe a retailer that returns purchasing power to members through lower prices, while the Vanguard episode uses it as a comparison for a financial institution returning scale benefits to fund investors.

Connections

• Costco and Vanguard - two source cases where the phrase is applied or compared.
• Scale Economies Shared, Low Markup Trust, and Cost Matters Hypothesis - related concepts.