Some Lessons From Andrew Mellon

1. Operate from a position of strength. Following his father’s wisdom, Mellon always maintained excess reserves to move quickly and decisively. This allowed him to capitalize on opportunities others couldn’t pursue during the inevitable downturns.


2. Keep your head, when others are losing theirs . During the 1929

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• Find the right industry that is large, growing, and fragmented
  
  
  • You can buy things are reasonable prices
  
  
  • Industry is not tech-forward
  
  
  • It will be hard for AI and automation to disrupt anytime soon


• Put together an amazing team


• Get the compensation sorted out; he makes everyone on the senior team his partner
  
  

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The CEO of Brookfield says the best way to win in AI, energy, and infrastructure is to ignore the noise and focus on what always works. In only his second podcast ever, Bruce Flatt explains how discipline—not disruption—wins trillion-dollar markets. Because when everything changes, the real edge is knowing what doesn’t.

“Success in investing isn’t... See more