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#66 Henry Kaiser: Builder in the Modern American West
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The Power of Long-Term Thinking
Kaiser was fascinated with new methods and searched tirelessly for ways to trim costs. Kaiser did a large volume of business but earnings were low, so there's not that much money in paving roads. World War I brought rampant inflation. Costs doubled between 1914 and 1920. He remembered, this is a quote from him, although I raised my bids trying to anticipate the costs, the constantly increasing wages and prices of materials, I never quite caught up with the sewing costs. The result was that for five years, I made no money.
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