#394 An Orphan Who Built An Empire: Leonardo Del Vecchio and The Founding of Luxottica

It's amazing to me how across the last three episodes you had world class founders, founders that build the leading companies in their industries. And they all share the same obsession, and that is investing heavily in technology. It didn't matter if they were making eyeglasses. Like Del Vecchio or tires or some of the best chocolate in the world. They all had the same obsession that founders like Andrew Carnegie had. That John D. Rockefeller had as well.

If you read Andrew Carnegie's autobiography, you'll see one of the main ideas in that book. is invest in technology. Because the savings compound. It gives you an advantage over your slower moving competitors and can be the difference between a profit and a loss. Leonardo Del Vecchio builds the most dominant business in his industry by far, one that is still thriving today.

And in his biography it says His profits must first be reinvested in the heart of his own company. In research and development, in automation and technology, never skimp when it comes to spending. to be at the cutting edge. It has always been like this.

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