Your dad dies before you’re born. Your mom can’t afford to take care of you. You grow up without a family and in an institution. You learn a trade and start working full time at the age of 14. You work all day and go to school at night. You’re precise, meticulous, restless, and work circles around everyone. You’re promoted to run the factory at 18 but the thought of working for anyone else terrifies you. For your entire life you’ll be obsessed with control. You’ll do whatever it takes to escape the harshness of poverty and the pangs of hunger. You organize your life around a simple principle: "I want to be the best at everything I do.” You start your own workshop, create the best product, and your biggest customer wants to become your partner. They underestimate you and abuse you. You destroy them. You take all of their customers. You’re not satisfied with being a subcontractor. You want everything. You make your own glasses, you buy your distributor, you list your company on the New York Stock Exchange, you complete hostile takeovers of much larger companies, you buy entire retail chains, and control everything about your product: from the raw materials to the relationship with the customer. Your competitors call you the hawk because you circle, wait, and then strike. You work 20 hours a day and fuse yourself with the factory. You get married four times, to three different women, and have six kids. You don’t look back, you don’t rest on your laurels, and you don’t go to sleep on wins. You make something great, then you do it again. Your biggest deal comes 60 years into your career. The only thing that could stop you was death. You are Leonardo Del Vecchio. This episode is what I learned from reading Leonardo Del Vecchio by Thomas Ebhardt and The Spectacle of Big Lens: How One Giant Company Will Dominate How the World Sees by Sam Knight. ------ Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save time and money. ----- Automate compliance, security, and trust with Vanta. Vanta helps you win trust, close deals, and stay secure—faster and with less effort. Find out how increased security leads to more customers by going to Vanta. Tell them David from Founders sent you and you'll get $1000 off. ----- Join my free email newsletter to get my top 10 highlights from every book ----
“The speaker mentions Charlie Munger's wisdom about reading biographies instead of business books, tying ideas to the personalities that developed them.”
“This is from this book called Conspiracy, which was written by Ryan Holiday. It discusses Rockefeller's struggles with corrupt business partners and his eventual triumph.”
“Now, why would Leonardo want a failing brand with decreasing quality and a cheap price point? Remember when he buys Ray-Ban, you can literally buy them at Gascony.”
