1 strategy John Rockefeller and @JamesClear have in common;

Improving by 1%. Aggregation of Marginal Gains.

Read on about how Rockefeller's penny saving tactics saved him thousands of dollars, giving him an edge over his competitors.

1/7 With years of experience under his belt, Rockefeller had honed his ability to break down complex business operation into understandable chunks.

He was always on the lookout for ways to improve his operations.

2/7 While inspecting a Standard Oil plant which filled and sealed kerosene cans in New York City he asked,

“How many drops of solder do you use on each can?”

“Forty” the expert replied.

“Have you ever tried thirty-eight?” Rockefeller asked.

“No.” said the expert.

3/7 “Would you mind having some sealed with thirty-eight and let me know?” he said.

When thirty-eight drops were applied, a small percentage of cans leaked.

But none of the cans leaked at thirty- nine.

Hence, thirty- nine drops became the norm at Standard Oil refineries.

4/7 “That one drop of solder saved $2,500 the first year; but the export business kept on increasing after that and doubled, quadrupled- became immensely greater than it was then,” said Rockefeller

5/7 “And the saving has gone steadily along, one drop on each can, and has amounted since to many hundreds of thousands of dollars.”

6/7 This is the same way marginal gains work for us in real life. Small savings when compounded over time become parabolic and provide incredible advantages.

Inspiration from Titan: The life of John D. Rockefeller. It’s a brilliant book which traces the life of Rockefeller.

7/7 If you enjoyed this thread, make sure you check out the rest of my writing on: http://filteredkapi.substack.com