Henry Ford

“You do not need to invent a new industry to start a new business. Study an existing industry and do, study an existing industry and just do it lots better. Henry Ford did not invent the automobile, nor did Kinko's invent copying.”

“The limited moving parts, the simple product, the simple business processes they all created, allowed them to stack advantages at one after another.”

“And what I would share, what I think Henry Ford and Ortega share is that they really built their career on one idea... The existing fashion industry already knew how to make clothes fashionable and expensive. Ortega is going to invent the process to make them …”

“Rockefeller made more money in retirement from his oil stocks because Henry Ford invented the model T invented the mass production of automobiles, which then what does that do drastically increase the demand for Rockefeller's product?”

“Rockefeller's likely the richest person on in the world at the time he retired, but he actually got richer and wealthier in retirement than he did when he was working because somebody else invented a technology that created more demand for his product.”

“If you study the career of Henry Ford, you just realize that, oh, he basically saw car, a car as wheels for a motor. The car was just the delivery mechanism for the motor. The motor was the center of gravity for his entire enterprise, just like it is for Honda…”