Edwin Land's Vertical Integration Strategy
Founders
What I learned from reading Insull: The Rise and Fal...
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Feb 1 2024 1h 25m
Chapter 1 3 mins
Insull had been in the electric business as long as there had been an electric businessChapter 2 59 sec
He awoke early, abruptly, completely, bursting with energy; yet he gained momentum as the day wore on, and long into the night. Sam had near-demonic energyChapter 3 1 min
Sam's most obvious attribute was a capacity for racing through large quantities of reading material, effortlessly perceiving its important assumptions and generalizations, and thoroughly assimilating its salient detailsChapter 4 59 sec
He eagerly embraced platitudesChapter 5 3 mins
Opportunity handled well leads to more opportunityChapter 6 59 sec
He developed an ability to concentrate on a single subject and to completely shut out everything else, no matter how pressingChapter 7 4 mins
A theme from the robber baron era: How do we turn a luxury product into a necessity?Chapter 8 1 min
If you do everything you will win. Working by Robert Caro. (Founders and The Mind of Napoleon: A Selection of His Written and Spoken Words edited by J. Christopher Herold. (Founders Insull reread every one of Edison's European contracts, and he took it upon himself to write weekly letters to Johnson, summarizing the fluctuations in the telephone situation and outlining Edison's shifting interests in connection with it. These letters proved to be the best selling points Johnson could have in recommending Insull to EdisonChapter 9 59 sec
One of his most deep-rooted traits was that he was absolutely unable to imagine the possibility of his own failure; he entirely lacked the sense of caution of those who doubt themselvesChapter 10 5 mins
We will make electric lights so cheap that only the rich will be able to burn candlesChapter 11 5 mins
Edison had an almost pathological hostility to any form of system, order, or discipline imposed from withoutChapter 12 8 mins
Warren Buffett on leverageChapter 13 2 mins
To make electricity as cheap as possible we need the largest base of customers. The way to get the largest base of customers is through monopolyChapter 14 1 min
We are only going to do things that other people can not doChapter 15 2 mins
While money may not buy friends it will keep many a man from becoming an enemyChapter 16 9 mins
The moment of applause was the moment for actionChapter 17 5 mins
Sam Insull made electric power so abundant and cheap in the United States that people who had never expected to use it, found it as natural and as necessary as breathingChapter 18 19 mins
He took his leverage too high and the structure of the leverage was a problem. Ted Turner's Autobiography. (Founders Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes