
Ep 398. The Financial History of General Motors with Capital Allocation Author, Jacob McDonough
Focused Compounding
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The Role of Ford in the Automotive Industry
Ford's position just seems so dominant it feels weird saying that now seeing how competitive and tough the industry is today. By 1921 they had 60% market share 6-0 on one model. So their focus though help them like kind of perfect the one car get it at a lower cost Get scale which helped them, you know Accountives is scale and get it at higher prices. Back then versus today mechanics knew less about fixing up cars and so the model T didn't change much year over year.
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