Sunday, May 23, 2010

Source of Ford's Wealth

At his height, Henry Ford’s assets consisted of 25% tangible (cash, plant, equipment, etc.) and 75% intangible (his experience, his associates, his organization, etc.). Hill makes this interesting point:

Destroy every plant the Ford Motor Company owns: every piece of machinery; every atom of raw or finished material, every finished automobile; and every dollar of every deposit in any bank, and Ford would still be the most powerful man, economically, on earth. The brains that build the Ford business would duplicate it again in short order.

To me, it follows that time is our friend, not our enemy. The longer we have lived, the more experience, knowledge, and relationships we have had the opportunity to accumulate. The more intangible assets we have accumulated.

No comments:

Post a Comment