#372: Amancio Ortega: The Genius Behind the Inditex Group

A Moncio Ortega is one of the wealthiest people in the world with a net worth around$120 billion. And as I was reading this biography of Ortega, The same idea just kept coming to my mind over and over again. The fact that Ortega Is the Henry Ford of fashion. If you go back and you read Henry Ford's autobiography or really any biography written about him.

You realize that Henry Ford's philosophy was Get rid of waste. Increase efficiency through technology. Lower your prices to increase your volume and you'll make more money overall, even though You're making less money.

or less profit per car. In the case of Ford. Or piece of clothing in the case of Ortega. Watch religiously and then bring that business process in house. So vertically integrate as much as possible. And then always focus on service.

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