#368 Rockefeller's Autobiography

One of the best things about this book is that Rockefeller's constantly talking about the way that him and his partners built their business. And he would compare and contrast the methods that they would use. compared to some of his quote unquote unintelligent competition, which is the word and the phrase that he uses. And his description of unintelligent competition was

The type of person who never really knew all the facts about their own business. that they kept their books in such a way that they did not actually know when they were making money or when they were losing money. And he has a great phrase for this where he says, This casual way of conducting affairs did not appeal to me. And even when Years before he s he founded Standard Oil. When he was working for other people, when he was sixteen years old, he said

I learned to have great respect. For figures and facts. No matter how small they were. The importance that Rockefeller put on cost control jumps off the pages and he repeats it over and over and over again. This obsession with cost control is something that Rockefeller had in common with Andrew Carnegie. In fact, Andrew Carnegie has mentioned

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