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Founders

#117 : Chung Ju-yung founder of Hyundai (the most inspiring autobiography I've read)

Founders

David Senra

History, Business, Entrepreneurship, Technology

4.81.5K Ratings

🗓️ 26 March 2020

⏱️ 88 minutes

🧾️ Download transcript

Summary

What I learned from reading Born of This Land: My Life Story by Chung Ju-yung. --- For a long time I was known as the bulldozer. [0:01] How Chung’s son remembers him: He had a wonderfully positive disposition and a rigorous work ethic. [3:15] Memories of his father + Half century of struggle + Why he is writing this book [9:25] Running away from home. Four times. [12:15] A different level of poverty. [15:40] How struggle shaped his personality + Why he had to run away for the last time [17:15] On his own + Early jobs before the birth of Hyundai [19:24] On simple tasks + The fundamental principle of his life + Hard work paying off [21:15] Getting into the auto repair business + More struggle + More perseverance [25:55] Why you should emulate bedbugs. [31:00] Hyundai Auto Service Center + Hyundai Construction + Disaster strikes again + The Korean War [33:11] His management style + Don’t waste time if you want to be remarkable [39:30] Go where the money is: Hyundai must go abroad to escape poor domestic conditions. [42:15] The beginning of Hyundai Motors + Chung had only one speed: GO! That is not always a good thing. [45:57] Ships or how a great idea starts as a small idea [53:26] Why determination is more important than intelligence [58:10] Find something you love to do and do it until you die. [1:06:39] Don’t covet luxury. [1:08:49] Be diligent. [1:15:40] Positive thinking is the road to happiness. [1:16:48] ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here.  ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Transcript

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0:00.0

All the way back in 2019 I received a message that changed the direction of this podcast forever.

0:04.6

It was from Tristan who is one of the co-founders of Reed Wise.

0:08.0

He said, hey, I love the podcast and he told me about the Reed Wise product.

0:12.4

I responded, thanks Tristan, love the idea behind Reed Wise. and he told me about the Reed-Wise product.

0:12.5

I responded, thanks Tristan, love the idea behind Reed-Wise,

0:15.2

I will definitely check it out.

0:16.3

I had no idea that I would become a super user of his product.

0:20.8

And so over the years, I've added my highlights and notes for over 300

0:23.7

books I have over 20,000 highlights and notes for the books that I read for the

0:28.3

podcast and because I can search every single thing I've ever done I use ReedWise every day. I never

0:36.1

close the browser tab. The tab on ReedWise is always open because as I'm

0:40.5

reading, as I'm thinking, as I'm researching researching I'm constantly going in

0:44.7

and re-reading all my notes and highlights.

0:47.3

And you might already know this because every other podcast I go on I talk about

0:49.5

Reedwise, I tweet about it, I post about it

0:51.6

constantly, I've been saying for years it is the best

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app that I pay for. And because I go around shouting about how great it is from the mountaintops,

0:58.8

I get a bunch of messages. Nearly every day people have asked me, hey is there a possibility that I can actually get access to your readwise?

1:05.6

And this happened so much for so long. And I thought it was like a superpower of mine.

1:09.3

So I was like, no, no, no, no. And then I started thinking, it was like, well, why is everybody

1:12.3

want this? Like like why do they keep

1:13.7

asking for this and I thought about it's like well if you think about this is like has anybody else in the world

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