What I learned from reading Edison: A Biography by Matthew Josephson.--Support Founders' sponsors: Tegus is a search engine for business knowledge that's used by founders, investors, and executives. It's incredible what they're building. Try it for free by visiting Tegus.and Sam Hinkie's unique venture capital firm 87 Capital. If i was raising money and looking for a long term partner Sam is the first person I would call. If you are the kind of founder that we study on this podcast and you are looking for a long term partner go to 87capital.comand Get 60 days free of Readwise. It is the best app I pay for. I couldn’t make Founders without it.—[8:00] Podcast starts [8:26] He had known how to gather interest, faith, and hope in the success of his projects.[9:31] I think of this episode as part 5 in a 5 part series that started on episode 263:#263 Land's Polaroid: A Company and the Man Who Invented It by Peter C. Wensberg.#264 Instant: The Story of Polaroid by Christopher Bonanos. #265 Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary Leader by Brent Schlender and Rick Tetzeli#266 My Life and Work by Henry Ford.[11:20] Follow your natural drift. —Charlie Munger[11:54] Warren Buffett: “Bill Gates Sr. posed the question to the table: What factor did people feel was the most important in getting to where they’d gotten in life? And I said, ‘Focus.’ And Bill said the same thing.” —Focus and Finding Your Favorite Problems by Frederik Gieschen[12:46] Focus! A simple thing to say and a nearly impossible thing to do over the long term.[15:51] We have a picture of the boy receiving blow after blow and learning that there was inexplicable cruelty and pain in this world.[19:49] He is working from the time the sun rises till 10 or 11 at night. He is 11 years old.[19:58] He reads the entire library. Every book. All of them.[21:52] At this point in history the telegraph is the leading edge of communication technology in the world.[23:01] My refuge was a Detroit public library. I started with the first book on the bottom shelf and went through the lot one by one. I did not read a few books. I read the library.[23:21] Runnin' Down a Dream: How to Succeed and Thrive in a Career You Love by Bill GurleyBlake Robbins Notes on Runnin’ Down a Dream: How to Succeed and Thrive in a Career You LoveGreatness isn't random. It is earned. If you're going to research something, this is your lucky day. Information is freely available on the internet — that's the good news. The bad news is that you now have zero excuse for not being the most knowledgeable in any subject you want because it's right there at your fingertips.[29:00] Why his work on the telegraph was so important to everything that happened later in his life: The germs of many ideas and stratagems perfected by him in later years were implanted in his mind when he worked at the telegraph. He described this phase of his life afterward, his mind was in a tumult, besieged by all sorts of ideas and schemes. All the future potentialities of electricity obsessed him night and day. It was then that he dared to hope that he would become an inventor.[31:29] Edison’s insane schedule: Though he had worked up to an early hour of the morning at the telegraph office, Edison began reading the Experimental Researches In Electricity (Faraday’s book) when he returned to his room at 4 A.M. and continued throughout the day that followed, so that he went back to his telegraph without having slept. He was filled with determination to learn all he could.[32:38] All the Thomas Edison episodes:The Wizard of Menlo Park: How Thomas Alva Edison Invented The Modern World by Randall Stross (Founders #3)Empires of Light: Edison, Tesla, Westinghouse, and the Race to Electrify the World by Jill Jonnes. (Founders #83)The Vagabonds: The Story of Henry Ford and Thomas Edison's Ten-Year Road Tripby Jeff Guinn. (Founders #190)[32:57] Having one's own shop, working on projects of one’s own choosing, making enough m