Book - The 38 Letters from J.D. Rockefeller to his son

 

John D. Rockefeller (1839–1937) was an American industrialist and philanthropist (người bác ái) who founded Standard Oil, making him the richest man in history. Starting as a bookkeeper, he entered the oil business in 1863 and used efficiency, cost-cutting, and aggressive expansion to dominate the industry, eventually controlling 90% of U.S. oil refining. His monopoly led to the 1911 antitrust breakup of Standard Oil. 

After retiring, he dedicated his life to philanthropy, donating over $500 million to education, medicine, and scientific research, funding institutions like the University of Chicago and Rockefeller University. His legacy is a mix of ruthless business tactics and transformative philanthropy, shaping modern industry and charity.


John D. Rockefeller’s 38 Letters to His Son contains wisdom on business, wealth, character, and life. Here are the key lessons from his letters:

1. The Importance of Hard Work and Discipline

Success comes from persistence, diligence, and a strong work ethic.

Wealth is built over time through smart decisions and disciplined effort.

2. The Value of Integrity and Reputation

A good name is more valuable than money.

Always deal honestly and fairly with others—trust is key in business.

3. Financial Prudence and Long-term Thinking

Save and reinvest wisely instead of spending extravagantly.

Avoid unnecessary risks; think in terms of long-term stability.

4. Continuous Learning and Adaptability

Never stop improving yourself—read, observe, and learn from others.

Adapt to change and seek new opportunities in business.

5. Generosity and Responsibility

Wealth should be used for good—Rockefeller believed in philanthropy (lòng nhân đức).

Help others, but also encourage self-reliance rather than dependency.

6. The Power of Focus and Specialization

Don’t spread yourself too thin—excel in a particular field.

Find your strength and build expertise in it.

7. Resilience in the Face of Challenges

Failures and difficulties are part of success—learn from them.

Keep moving forward with confidence and determination.