Billionaire Memo
Grinding It Out Ray Kroc Read in full · 9 memos drawn

The Library · A calibre in the collection

Grinding It Out

By Ray Kroc.

Author
Ray Kroc, in their own name
Jewels drawn
9 memos to date

Ray Kroc was fifty-two, selling milkshake machines, when he drove to San Bernardino to see why one restaurant needed eight of them. The book is his account of what followed, and its argument is about time rather than insight.

The line the book exists to make

“People have marveled at the fact that I didn’t start McDonald’s until I was fifty-two years old, and then I became a success overnight. But I was just like a lot of show business personalities who work away quietly at their craft for years, and then, suddenly, they get the right break and make it big. I was an overnight success all right, but thirty years is a long, long night.”

— Ray Kroc, Grinding It Out

How he actually worked

Kroc is explicit that he had no grand design, and that this was deliberate:

“I don’t think in that ‘grand design’ pattern. I work from the part to the whole, and I don’t move on to the large scale ideas until I have perfected the small details.”

— Ray Kroc, Grinding It Out

The obsession that follows is not metaphorical. He describes rage at an unlit sign and litter in a car park:

“But perfection is very difficult to achieve, and perfection was what I wanted in McDonald’s. Everything else was secondary for me.”

— Ray Kroc, Grinding It Out

He also quotes, as his favourite, a homily on persistence — “Nothing in the world can take the place of persistence… Persistence and determination alone are omnipotent” — which is worth flagging because it is very often reproduced as Kroc’s own writing. It is not; he introduces it as a homily he keeps.

Where to be sceptical

The preface is not by Kroc. Grinding It Out opens with an introduction by a business-school professor, and lines from it — including the description of Kroc’s “great opportunity” arriving at fifty-two — circulate widely as Kroc’s own words. They are not. This archive made that mistake before correcting it.

The brothers’ account differs. Kroc’s version of acquiring the McDonald’s name and the handshake over the San Bernardino restaurant is contested by Dick and Mac McDonald’s side of the story. Kroc’s book is the only one of the two that became a bestseller, which is itself a lesson about whose account survives.

Read it if

  • You are further into a career than you planned and want the case for staying in the game
  • You are interested in operations and standardisation as a competitive weapon

Skip it if

  • You want the McDonald brothers' side. Kroc's treatment of them is his own, and contested
  • You want reflection. Kroc is not a self-doubting narrator

Read it yourself

Everything above is quoted from the book. If you want the rest of it:

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Drawn from this calibre

All memos →
Ref. 266 · deep dives

How 4 Billionaires Lead When Everything Is Falling Apart

Grinding It Out, Shoe Dog: A Memoir by the Creator of Nike, What I Know for Sure, Berkshire Shareholder Letters

Power reserve 13 min
Ref. 157 · deep dives

How 4 Billionaires Make Decisions When Nobody Knows What Happens Next

Onward, Grinding It Out, Losing My Virginity, How to Win at the Sport of Business

Power reserve 13 min
Ref. 163 · versus

Ray Dalio vs. Ray Kroc: Reading the World’s Patterns vs. Grinding Until the Opportunity Arrives

Principles for Dealing with the Changing World Order, Grinding It Out

Power reserve 4 min
Ref. 243 · deep dives

What 4 Billionaires Actually Mean by Work Ethic

Principles for Navigating Big Debt Crises, Pour Your Heart Into It, Grinding It Out, Direct from Dell

Power reserve 13 min
Ref. 88 · versus

Warren Buffett vs. Ray Kroc: Waiting for the Perfect Pitch vs. Grinding Through the Miss

Berkshire Shareholder Letter 1999, Grinding It Out

Power reserve 4 min
Ref. 65 · versus

Michael Bloomberg vs. Ray Kroc: Betting Early vs. Grinding Late

Bloomberg by Bloomberg, Grinding It Out

Power reserve 5 min
Ref. 57 · deep dives

How 4 Self-Made Billionaires Handle Failure — And Why Their Approaches Are More Different Than You Think

Grinding It Out, Principles: Life and Work, Onward, The Art of the Deal

Power reserve 11 min
Ref. 14 · quick takes

Ray Kroc Didn’t Start Until 52

Grinding It Out

Power reserve 2 min
Ref. 21 · versus

Sam Walton vs. Ray Kroc: Compete From Day One vs. Grind Until Your Moment Arrives

Made in America, Grinding It Out

Power reserve 6 min

The hand behind the calibre

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