This is another timeless business classic. I have been wanting to read this book for years and I am so glad I eventuality got to it!
I mostly listened to this audiobook when I was driving so my notes are sketchy, not nearly as comprehensive as usual. That said, here are some useful takeaways:
On fate. "I am the master of my fate, the captain of my soul." I love that line because it puts responsibility on the individual - not your parents, the Government, siblings or friends. As much as a support unit is important, understanding that you can control where your life goes inspires me to work harder.
On desire. "Desire is the starting point of all achievement." Who can argue with that. What you visualise in your head, you can execute. No one thinks like you and only you can fulfill your vision or goal.
"You don't just need an ordinary desire to succeed and progress but a keen, pulsating, definite desire."
On visualisation. "Believe as though your desire is already a reality." This helps you to accomplish it. "Any subconscious thought which is repeatedly passed on to the mind is ultimately accepted by it... Faith is the only known antidote for failure."
On making sacrifices. "You and you alone must decide whether the effort required to achieve the reward you desire is worth it." Think about that one.
On worry. "Reach a blanket conclusion that nothing which life has to offer is worth the price of worry. With this decision comes poise and peace of mind." This suggestion was very important for me right now because I have been worrying far too much.
On troubles. "Don't expect troubles because they have a habit of not disappointing." I love that!
I liked Schwab's anti-greed principle. He believed that if you make a product cheap (steel in his case) more uses will be found for it leading to an ever-expanding market. That's profound.
A couple of verses I enjoyed:
IF YOU THINK YOU'RE BEATEN
“If you think you are beaten, you are;
If you think you dare not, you don't.
If you'd like to win, but think you can't
It's almost a cinch you won't.
If you think you'll lose, you've lost,
For out in the world we find
Success being with a fellow's will;
It's all in the state of mind.
If you think you're outclassed, you are:
You've got to think high to rise.
You've got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the one who thinks he can.”
― Walter D. Wintle
I bargained with Life for a penny,
And Life would pay no more,
However I begged at evening
When I counted my scanty store;
For Life is a just employer,
He gives you what you ask,
But once you have set the wages,
Why, you must bear the task.
I worked for a menial's hire,
Only to learn, dismayed,
That any wage I had asked of Life,
Life would have paid.
― J.B. Rittenhouse
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