Work hard. There is no short cut.

The business of business is business.

It is impossible to get the measure of what an individual can accomplish unless the responsibility is given him.

In any organization men would move up form the bottom to the top. That develops loyalty, ambition and talent, because there is a chance for promotion.

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

[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?

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