Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses

... Too often we fail to recognize and pay tribute to the creative spirit. It is that spirit that creates our jobs.

Work hard. There is no short cut.

[Could] motor cars could be produced [in a country like Germany] and sold in competition in the American market . . . .In my opinion it is impossible to reach the conclusion that competition from without can ever be any factor whatsoever?

Some have an idea that the reason we in this country discard things so readily is because we have so much. The facts are exactly opposite-the reason we have so much is simply because we discard things so readily. We replace the old in return for something that will serve us better.

Advanced engineering always, like advanced everything else, brings down upon it the discredit of ridicule of minds who cannot see so far.

Give a man a clear-cut job and let him do it.