Founders
Episode 26 #26 My Life and Work: The Autobiography of Henry Ford
Founders

Episode 26: #26 My Life and Work: The Autobiography of Henry Ford

Founders

Episode 26

#26 My Life and Work: The Autobiography of Henry Ford

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from My Life and Work: The Autobiography of Henry Ford.

What I learned from My Life and Work: The Autobiography of Henry Ford.

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A theory of business (0:01)

If an old idea works then the weight of the evidence is all in its favor. The Lindy Effect. (7:30)

All people are not equal (11:00) 

"That is why I never employ an expert in full bloom" (15:00), "I quit my job on August 15th, 1899 and went into the automobile business" (19:30)

Henry Ford's philosophy on constant change (25:00)

Henry Ford's 3 conclusions about business (26:00)

Traits of a prosperous business (29:45)

I cannot discover that anyone knows enough about anything on this earth definitely to say what is and what is not possible. .We get some of our best results from letting fools rush in where angels fear to tread. (34:00)

Fix the problem. Do not think money will be the solution. (40:00)

Overcome fear. Be free. (44:00)

Fuck your feelings (52:30)

Henry Ford's 4 principles of business (56:00)

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#26 My Life and Work: The Autobiography of Henry Ford

Introduction

"Power and machinery, money and goods, are useful only as they set us free to live. They are but a means to an end. For instance, I do not consider the machines which bear my name simply as machines. If that was all there was to it, I would do something else. I take them as concrete evidence of the working out of a theory of business, which I hope is something more than a theory of business, a theory that looks toward making this world a better place in which to live.

The fact that the commercial success of the Ford Motor Company has been most unusual is important only because it serves to demonstrate in a way which no one can fail to understand that the theory to date is right. Considered solely in this light, I can criticize the prevailing system of industry and the organization of money and society from the standpoint of one who has not been beaten by them. As things are now organized, I could, were I thinking only selfishly, ask for no change. If I merely want money, the present system is all right. It gives money in plenty to me, but I am thinking of service. The present system does not permit of the best service because it encourages every kind of waste. It keeps many men from getting the full return from service, and it is going nowhere. It is all a matter of better planning and adjustment. "

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