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AI Summary
- Todd Graves built Raising Canes by following Charlie Munger's maxim to find a simple idea and take it seriously—focusing exclusively on high-quality chicken finger meals
- He overcame universal rejection (his college paper idea received the lowest grade; banks refused loans) by working 95-hour weeks, fishing off Alaska, and scrounging money from unconventional sources
- Despite leveraging himself heavily and nearly losing everything, Graves refused to give up or sell out, building 800+ locations, 50,000 employees, and owning 90% of a $10 billion+ business