"Manufacturing is not buying low and selling high. It is the process of buying materials fairly and, with the smallest possible addition of cost, transforming those materials into a consumable product and giving it to the consumer. Gambling, specutlating, and sharp dealing, tend only to clog this progression.

How all of this arose, how it has worked out, and how it applies generally are the subjects of these chapters." A quotation from Ford's introduction of his book: My Life and Work.