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Founders

#75 Henry Clay Frick: Andrew Carnegie's Partner

Founders

David Senra

History, Entrepreneurship, Business, Technology

4.82.4K Ratings

🗓️ 9 June 2019

⏱️ 83 minutes

🧾️ Download transcript

Summary

What I learned from reading Henry Clay Frick: The Life of the Perfect Capitalist by Quentin Skrabec Jr. ---- 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

Click on a timestamp to play from that location

0:00.0

Charles Swab summarized Frick to an interviewer in the 1930s. No man on earth could get close to him or fathom him. He seemed more like a machine, without emotion or impulses, absolutely cold-blooded.

0:15.0

He had good foresight and was an excellent bargainer.

0:18.0

His assets were that he was a thinking machine,

0:21.0

methodical as a comptometer, accurate, cutting straight to the point,

0:27.0

the most methodical thinking machine I have ever known.

0:30.8

John D Rockefeller said he had the soul of a bookkeeper that he seemed to earn money like many pursue athletic awards.

0:39.0

Okay, so that is from the book that I'm going to talk to you about today,

0:42.8

which is Henry Clay Frick, the Life of the Perfect Capitalist,

0:47.2

and it's written by Quentin R. Scrabek Jr.

0:53.0

There's actually a word in that intro

0:56.0

that I was not familiar with and I had to look it up and that's that word

1:00.0

comptometer.

1:01.0

So in case you don't know what it is, it says the Comptometer was the first

1:04.8

commercially successful key-driven mechanical calculator patented in the United States by

1:11.0

Door E Felt in 1887.

1:14.3

And it says that although the comptometer

1:17.1

was primarily an adding machine,

1:18.6

it could also do subtractions,

1:19.6

and division.

1:21.7

And I didn't know the definition of that word until after I already finished

1:24.2

reading the book and I love this this description of Frick because that's kind of

1:28.2

how he comes off to me. They saying he was a thinking machine, methodical as a comptometer, accurate, cutting straight to the point,

...

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