Henry Ford：Business Is Not Speculation
Henry Ford《My Life and Work》· Introduction, “What Is the Idea?” · Action · Wealth · Philosophy
Business is merely work. Speculation in things already produced—that is not business.
Source：
https://www.gutenberg.org/cache/epub/7213/pg7213.txt
Locator：Introduction, “What Is the Idea?,” paragraph beginning “There is plenty of work to do.” · Verified：2026-10-19 · Verification：Exact match
Reading
Business is productive work, not speculation in existing goods.
Context
Henry Ford (1863–1947) founded Ford Motor Company in 1903 and turned the Model T into a mass-market product through standardized parts and the moving assembly line. In My Life and Work he insists that business is productive work, not speculation in goods that already exist. The distinction is central to his view that service, not financial trading, creates lasting value.
Today's question
What is the ratio of your time spent creating new things to time spent trading things already created?
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