cover of episode #307: The World's Great Family Dynasties: Rockefeller, Rothschild, Morgan, & Toyada

#307: The World's Great Family Dynasties: Rockefeller, Rothschild, Morgan, & Toyada

2023/6/12
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主持人:本书探讨了家族企业和商业的主题,核心是王朝、家族成员的传承与互动,以及体现这种互动的商业实体。家族企业成功的最大威胁是财富和成功本身,因为这会导致继承人沉迷享乐,放弃家族事业。家族企业兴衰的历史充满了传奇色彩,值得学习和借鉴。家族企业兴衰的故事可以为我们提供宝贵的商业经验和人生启示。伟大的家族企业创始人通常具有敏锐的头脑、强烈的自信和领导力。伟大的企业家往往能够打破常规,超越竞争对手。处于边缘地位的人往往能够最终掌控中心。伟大的家族企业都是由那些果断、精明、专注的企业家创建的。许多家族企业最初都是从边缘地位起步,最终超越竞争对手。家族企业在获得成功后,往往会模仿那些曾经被他们超越的竞争对手,从而走向衰落。家族企业衰落的一个标志是继承人开始过着奢侈懒散的生活。伟大的工业领袖都具有极强的职业专注度和工作投入度。罗斯柴尔德家族是少数几个能够持续几代保持成功的家族企业之一。许多伟大的创始人都有“吃饱了还想吃”的心态,即不断追求更大的成就。许多伟大的创始人对事业充满热情,并一直坚持到生命的尽头。许多伟大的创始人将终生奉献于事业,没有退休的打算。本期节目将重点介绍罗斯柴尔德家族、摩根家族和丰田家族的兴衰历程。罗斯柴尔德家族是家族企业韧性和专注性的典范。罗斯柴尔德家族的成功源于其创始人将逆境转化为机遇的能力,以及其重视家庭和信任的能力。罗斯柴尔德家族的创始人梅耶尔·罗斯柴尔德具有天赋、知识和长远的眼光。梅耶尔·罗斯柴尔德重视长期关系胜过短期利益。梅耶尔·罗斯柴尔德积累了丰富的专业知识,并将其与长远的眼光相结合。梅耶尔·罗斯柴尔德重视长期关系胜过短期利益。梅耶尔·罗斯柴尔德要求家人共同参与家族企业的发展。梅耶尔·罗斯柴尔德的家庭成员共同参与家族企业的各个方面。罗斯柴尔德家族为了避免外人参与家族企业,采取了严格的家族内部管理制度,甚至存在近亲结婚的情况。内森·罗斯柴尔德是罗斯柴尔德家族的另一个关键人物,他极度自信,并迅速积累了财富。内森·罗斯柴尔德极度自信,甚至在获得成功之前就展现出极高的自信。内森·罗斯柴尔德通过为政府提供资金而获得了巨大的财富。内森·罗斯柴尔德以其严格的纪律和保密性而闻名。内森·罗斯柴尔德的成功也受益于当时的时代背景和机遇。摩根家族的兴起与罗斯柴尔德家族的模式类似,都注重学习和借鉴前人的经验。摩根家族的成功是其学习和借鉴罗斯柴尔德家族经验的结果。摩根家族与罗斯柴尔德家族的不同之处在于,摩根家族更愿意与外部合作者合作。摩根家族由于家族成员人数较少,需要与外部合作者合作。罗斯柴尔德家族专注于欧洲市场,而摩根家族则抓住机遇进入美国市场。罗斯柴尔德家族以其绝对的谨慎和保密性而闻名。罗斯柴尔德家族为欧洲皇室提供资金和保密服务。内森·罗斯柴尔德为英国政府提供资金,从而获得了巨大的财富,但其具体操作细节却鲜为人知。梅耶尔·罗斯柴尔德在去世前制定了家族企业的管理原则和继承制度。梅耶尔·罗斯柴尔德的遗嘱中规定了家族企业管理和继承的规则,这与其他家族企业有所不同。梅耶尔·罗斯柴尔德的遗嘱中禁止女婿参与家族企业。罗斯柴尔德家族为了保持家族企业内部的凝聚力,采取了近亲结婚的方式。内森·罗斯柴尔德的去世标志着罗斯柴尔德家族一个时代的结束。内森·罗斯柴尔德的去世标志着罗斯柴尔德家族一个时代的结束,此后家族成员开始逐渐放弃对家族企业的控制。罗斯柴尔德家族的继承人们逐渐从积极的投资者转变为家族财富的守护者。罗斯柴尔德家族的继承人们更注重维护现状和保持稳定,而不是追求创新和增长。罗斯柴尔德家族的继承人们更注重维护现状和保持稳定,而不是追求创新和增长。罗斯柴尔德家族的继承人们更注重维护现状和保持稳定,而不是追求创新和增长。家族企业追求财富积累的目标,可能会导致其在已经积累巨额财富后,更注重风险规避和稳定发展。罗斯柴尔德家族的财富积累已经达到一个极高的水平,因此其继承人更注重风险规避和稳定发展。罗斯柴尔德家族是现代商业史上最持久和最重要的家族企业之一。摩根家族与罗斯柴尔德家族在对待成功和发展方面有不同的态度。摩根家族与罗斯柴尔德家族的不同之处在于,摩根家族更愿意与外部合作者合作。摩根家族由于家族成员人数较少,需要与外部合作者合作。想要建立一个长久的家族企业,需要生育多个子女。家族企业需要在多代人中传承才能持续发展。摩根家族的成功是几代人共同努力的结果,其财富在几代人之间得到传承和增长。摩根家族的成功是几代人共同努力的结果,其财富在几代人之间得到传承和增长。约瑟夫·摩根是摩根家族商业成功的奠基人,他将商业天赋传给了儿子朱尼厄斯。约瑟夫·摩根为儿子朱尼厄斯留下了巨额遗产。朱尼厄斯·摩根将家族企业发展壮大,并将其国际化。朱尼厄斯·摩根是一位极具远见的企业家,他将家族企业发展成为国际性的金融机构。J.P.摩根的工作模式是高强度工作与休息相结合。J.P.摩根的工作模式与其他创始人不同,他更倾向于高强度工作与休息相结合。J.P.摩根的工作模式类似于短跑运动员,而不是马拉松运动员。J.P.摩根的工作模式类似于短跑运动员,而不是马拉松运动员。J.P.摩根的工作模式是高强度工作与休息相结合。摩根家族的早期发展受益于乔治·皮博迪的帮助。乔治·皮博迪帮助朱尼厄斯·摩根建立了摩根公司。摩根公司的发展历程体现了家族企业传承和发展的模式。朱尼厄斯·摩根对摩根家族的贡献往往被低估了。朱尼厄斯·摩根通过抓住普法战争的机遇而获得了巨大的财富。朱尼厄斯·摩根通过抓住普法战争的机遇而获得了巨大的财富。朱尼厄斯·摩根通过抓住普法战争的机遇而获得了巨大的财富。朱尼厄斯·摩根通过抓住普法战争的机遇而获得了巨大的财富,并因此在国际金融领域确立了自己的地位。J.P.摩根的成功受益于美国经济的快速发展。J.P.摩根的成功受益于美国经济的快速发展。J.P.摩根的成功受益于美国经济的快速发展。朱尼厄斯·摩根对J.P.摩根的教育方式是严厉的批评和指责,而不是赞扬。J.P.摩根是一位强势的领导者,他很难与他人合作。J.P.摩根的工作方式以高强度和高要求而闻名,这导致了一些合作者的离开。J.P.摩根对新技术的敏锐嗅觉和商业机会的把握能力是其成功的关键。J.P.摩根曾说过:“人做任何事都有两个理由,一个好的理由和一个真实的理由。”J.P.摩根参与了铁路、海洋运输、钢铁和电力等多个重要行业。丰田家族的创业始于纺织行业。丰田喜一郎是一位杰出的企业家,他将家族企业从纺织业扩展到汽车业。丰田喜一郎重视创新和质量,并致力于为社会创造价值。丰田喜一郎强调亲力亲为,注重细节,并进行彻底的测试。丰田喜一郎的成功源于其对技术的掌握和对市场的敏锐洞察力。丰田生产方式是丰田家族企业成功的关键。丰田生产方式强调精益生产,减少浪费,提高效率。丰田生产方式对全球制造业产生了深远的影响。丰田家族企业经历了战争和经济危机的考验,最终取得了成功。丰田家族企业在二战后获得了美国政府的大量订单,这为其发展提供了重要的支持。丰田家族企业重视人才培养和团队合作。丰田家族企业重视长期发展和可持续发展。丰田家族企业注重创新和技术进步。丰田家族企业注重客户需求和市场导向。丰田家族企业注重企业文化和价值观。洛克菲勒家族的成功主要归功于约翰·D·洛克菲勒个人的才能和努力。洛克菲勒家族的成功与约翰·D·洛克菲勒的宗教信仰和商业天赋密不可分。约翰·D·洛克菲勒是一位杰出的企业家,他具有理性、周密、专注、勤奋和敏锐的商业头脑。约翰·D·洛克菲勒的成功也受益于当时的时代背景和机遇。约翰·D·洛克菲勒通过控制铁路运输而获得了巨大的优势。约翰·D·洛克菲勒通过秘密收购竞争对手而获得了垄断地位。约翰·D·洛克菲勒的成功源于其长远的眼光和精明的商业策略。约翰·D·洛克菲勒的成功也源于其对成本控制和效率提升的重视。约翰·D·洛克菲勒的成功也源于其对人才的重视和培养。约翰·D·洛克菲勒的成功也源于其对保密性的重视。洛克菲勒家族并非一个真正的王朝,因为约翰·D·洛克菲勒并没有将家族企业传承给后代。洛克菲勒家族的财富主要由约翰·D·洛克菲勒的儿子继承,但他并没有继承父亲的商业天赋。洛克菲勒家族的慈善事业是其家族财富的重要组成部分。

Deep Dive

Chapters
The biggest threat to the continuity of family businesses is their own success. Once wealthy, heirs often pursue leisure and self-indulgence rather than focusing on the business, leading to decline. This is a common pattern among many dynasties.
  • Success is the biggest threat to family business continuity.
  • Heirs often prioritize leisure over business after achieving wealth.
  • Great industrial leaders are fanatically committed to their work.

Shownotes Transcript

What I learned from reading Dynasties: Fortunes and Misfortunes of the World's Great Family Businesses) by David Landes.


Listen to Invest Like the Best #292 David Senra: Passion and Pain). 

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(4:25) Success causes failure. As the family develops power and prestige, the heirs find many interesting and amusing things to do rather than run their business.

(6:00) Those on the margins often come to control the center.

(9:00) Great industrial leaders are always fanatically committed to their jobs. They are not lazy, or amateurs. — Confessions of an Advertising Man) by David Ogilvy. (Founders #306)

(9:50) For many of the great founders “Appetite comes with eating.”

(11:00)

Rothschild episodes:

Founder: A Portrait of the First Rothschild )by Amos Elon. (Founders #197)

The House of Rothschild: Money's Prophets) by Niall Ferguson. (Founders #198)

JP Morgan episodes:

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance) by Ron Chernow. (Founders #139)

The Hour of Fate: Theodore Roosevelt, J.P. Morgan, and the Battle to Transform American Capitalism) by Susan Berfield. (Founders #142)

Rockefeller episodes:

Random Reminiscences of Men and Events) by John D. Rockefeller. (Founders #148)

Titan: The Life of John D. Rockefeller) by Ron Chernow. (Founders #248)

John D: The Founding Father of the Rockefellers) by David Freeman Hawke. (Founders #254)

(13:30) Mayer Rothschild thought that long term relationships were more valuable than immediate profit.

(15:45) Nathan Rothschild has extreme levels of self belief: When his prospective father-in-law asked for proof of his prospects, Nathan told him that if he was concerned about having his daughters provided for, he might just as well give them all to Nathan, and be done with it.

(19:00) The Rothschilds developed the technique of absolute direction to perfection.

(21:15) Wal-Mart stock is staying right where it is. We don’t need the money. We don’t need to buy a yacht. And thank goodness we never thought we had to go out and buy anything like an island. We just don’t have those lands of needs or ambitions, which wreck a lot of companies when they get along in years. Some families sell their stock off a little at a time to live high, and then—boom—somebody takes them over, and it all goes down the drain. One of the real reasons I’m writing this book is so my grandchildren and great-grandchildren will read it years from now and know this: If you start any of that foolishness, I’ll come back and haunt you. So don’t even think about it. — Sam Walton: Made In America) by Sam Walton. (Founders #234)

(26:00) If you want to build a family dynasty you need to have a bunch of kids. This is the number one factor for increasing the chance that your family dynasty outlives you.

(29:45) Larry Ellison didn’t have the methodical relentlessness that made Bill Gates so formidable and feared. By his own admission, Ellison was not an obsessive grinder like Gates: “I am a sprinter. I rest, I sprint, I rest, I sprint again.” Ellison had a reputation for being easily bored by the process of running a business and often took time off, leaving the shop to senior colleagues. — Softwar: An Intimate Portrait of Larry Ellison and Oracle) by Matthew Symonds. (Founders #124)

(36:13) A man always has two reasons for the things he does, a good one, and the real one. — J.P. Morgan

(38:00) Andrew Carnegie celebrated too quickly. He later admitted to Morgan that he had sold out too cheap, by $100 million. Morgan replied, “Very likely, Andrew.” — The Hour of Fate: Theodore Roosevelt, J.P. Morgan, and the Battle to Transform American Capitalism) by Susan Berfield. (Founders #142)

(38:35) Henry Villard had come to Morgan for help in taking over Edison's company. This was a mistake. Morgan was not by nature, a helper. He was a driver. He arranged a counter coup.

(41:45) Properly understood, any new and better way of doing things is technology. — Zero to One: Notes on Startups, or How to Build the Future) by Peter Thiel. (Founders #278)

(43:30) “It is impossible to create an innovative product unless you do it yourself, pay attention to every detail, and then test it exhaustively. Never entrust the creation of a product to others, for that will inevitably lead to failure and cause you deep regret.”

—Sakichi Toyada

(45:00) You should make an effort to make something that will benefit society.

(45:30) Sol Price: Retail Revolutionary) by Robert Price. (Founders #304)

(48:50) Mailman is a Gmail plugin that allows you to control when and what emails should land in your inbox. https://www.mailmanhq.com)

(58:30)  Rockefeller believed that he would be rich and he believed that this was because God wanted him to be.

(58:45) Rockefeller’s competitors and associates were amateurs by comparison, and he saw them for what they were.

(1:01:00) Published railway tariffs were for the small man. They were not for major shippers who could play one railroad against another while promising steady cargo. (Rockefeller’s initial edge)

(1:03:15) His clincher was to offer the victim a look at the books of Standard. A potential seller was dumbfounded to learn that standard was able to sell at less than his own cost of production. They could kill him whenever they pleased.


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