Andrew Mellon – America’s Secret Banker [Outliers]

Andrew Mellon – America’s Secret Banker [Outliers]

He was the strangest titan America ever produced: a whisper-quiet banker who turned systematic thinking into a superpower, building an industrial empire while barely raising his voice above a murmur. Andrew Mellon's story isn't just about money—it's about how patience, observation, and positioning can create more wealth than charisma ever could. But when the Great Depression hit, the very qualities that made him rich made him the perfect villain for a nation demanding change. Whether you're building a business, investing in the future, or seeking insights on strategic decision-making, Mellon's story reveals the power of patience, positioning, and playing the long game. (2:25) Prologue: The Quiet Titan (4:20) Part 1 - The Judge's Son (6:36) Benjamin Franklin's Blueprint (8:53) The Pittsburgh Promise (10:45) Andrew's Early Years (13:11) Part 2 - Building the System (14:23) The Banking Foundation (17:09) Panic Creates Opportunity (20:09) Andy at the Wheel (22:05) Opportunity in Aluminum (24:10) The Mellon System (27:12) Connections Create Power (29:02) Reinvesting Success (30:51) Staying in the Shadows (33:28) Part 3 - The Private Kingdom (34:52) A Broken Heart (36:56) Science Meets Industry (39:35) Preparations for War (41:39) The Silent Empire Strikes (44:04) Part 4 - Washington's Banker (45:58) The Banker Takes Command (47:49) The Banker's Paradox (50:27) The Silent Man Learns to Speak (52:03) Part 5 - The Fall (53:56) 1928 (55:25) Black Thursday (57:23) When Strength Becomes Weakness (59:58) Roosevelt's Vendetta (1:02:48) The Silent Man Shouted Down (1:05:01) The Final Battle: Mellon's Tax Trial (1:09:04) The End of an Era (1:10:14) Epilogue - The Final Gift (1:11:44) Thinking Long Term This podcast is for information purposes only and draws primarily from two foundational books: David Cannadine's 'Mellon: An American Life', the first comprehensive published biography of Andrew W. Mellon, which masterfully chronicles his journey from shy Pittsburgh boy to industrial titan, Treasury Secretary, and philanthropist. The second source, 'Thomas Mellon and His Times', written by Andrew's father Thomas Mellon himself provides invaluable firsthand insights into the immigrant experience and the formation of the Mellon family's business philosophy in America. If this story captured your interest, we highly recommend both works – Cannadine's for its thorough examination of Andrew's profound impact on American business, politics, and philanthropy, and Thomas Mellon's autobiography for its intimate portrait of the family's rise from immigrant farmers to financial powerhouses in both nineteenth- and twentieth-century Pittsburgh. Upgrade — If you want to hear my thoughts and reflections at the end of the episode, join our membership: ⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠ and get your own private feed. Newsletter - The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. Learn more and sign up at fs.blog/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

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Dr. Gio Valiante (Part 2): Failure and Success

Dr. Gio Valiante (Part 2): Failure and Success

In the second of a special two-part episode, performance psychologist Dr. Gio Valiante calls on his vast experience working with some of the world’s top athletes and entrepreneurs. Shane and Dr. Valiante discuss thoughts on failure and the fear that holds you back from making the most of your talent, shifting from an ego orientation to a mastery orientation, common misperceptions about success and failure, and how we learn when it’s time to cut our losses and move on to a different challenge.   Valiante is regarded as one of the most successful performance coaches in the world. He’s worked extensively with golfers on the PGA and LPGA Tours, Olympic athletes, and leading figures in NCAA football and the NFL, where he served as the Head Performance Coach of the Buffalo Bills. He has also logged over 5,000 hours coaching some of the most sophisticated investors in the world, including hedge fund manager Steve Cohen.   Listen to the first part of this special episode on the Farnam Street blog or wherever you listen to The Knowledge Project. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Vanta: Helping you get compliance-ready, fast. https://www.vanta.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Marras 202354min

TKP Insights: Learning and Thinking

TKP Insights: Learning and Thinking

In the fifth installment in a series of episodes, The Knowledge Project curates essential segments from five guests revolving around one theme: learning and thinking. This episode will help you create an environment that’s more conducive to clear thinking, improve your intuition, learn the difference between the two main modes of thinking, examine the learning process,  use “online experimentation” to develop good judgment, and eliminate blind spots in your thought processes. The guests on this episode are psychologist and economist Daniel Kahneman (Episode 68), engineering professor Barbara Oakley (Episode 31), author and global macro advisor Adam Robinson (Episodes 47 and 48), economist and professor Tyler Cowen (Episode 39), and author and organizational psychology professor Adam Grant (Episode 112). -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Vanta: Helping you get compliance-ready, fast. https://www.vanta.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Marras 20231h 13min

Dr. Gio Valiante (Part 1): Discipline and Resilience

Dr. Gio Valiante (Part 1): Discipline and Resilience

In the first of a special two-part episode, celebrated performance psychologist Gio Valiante calls on his vast experience working with some of the world’s top athletes and entrepreneurs. Shane and Valiante discuss developing discipline and resilience in work and life. Valiante offers his thoughts on the five ways to gain an advantage and win and how to change your habits. He also discusses the role your environment plays in discipline and how you can develop resilience in yourself and your children. Valiante is regarded as one of the most successful performance coaches in the world. He’s worked extensively with golfers on the PGA and LPGA Tours, Olympic athletes, and leading figures in NCAA football and the NFL, where he served as the Head Performance Coach of the Buffalo Bills. He has also logged over 5,000 hours coaching some of the most sophisticated investors in the world, including hedge fund manager Steve Cohen. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Vanta: Helping you get compliance-ready, fast. https://www.vanta.com/     Learn more about your ad choices. Visit megaphone.fm/adchoices

31 Loka 202353min

Jerry Colonna: The CEO Whisperer

Jerry Colonna: The CEO Whisperer

Jerry Colonna was a high-flying New York venture capitalist in the early 1990s, but his life wasn’t as glamorous as most made it out to be. He was anxious, overweight, unhealthy, and unfulfilled, and after suffering a panic attack on the streets of Manhattan he gradually shifted into coaching, giving him a new lease on life and a career as one of the premier executive coaches in the United States.   In this episode, Colonna opens up on what went wrong and how he changed it. Offering raw and revealing insights on resilience, discernment, self-esteem, anxiety, motivation, and the rituals that keep him fulfilled in life. Colonna is the Co-Founder of Reboot.io, an executive coaching and leadership development firm dedicated to the notion that better humans make better leaders. He is also the author of Reunion: Leadership and the Longing to Belong. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Learn more about your ad choices. Visit megaphone.fm/adchoices

17 Loka 20231h 31min

Shane Parrish: A Glimpse Into Clear Thinking

Shane Parrish: A Glimpse Into Clear Thinking

Ever wondered why the world’s most successful individuals seem to have an uncanny ability to be in the right place at the right time? It’s not luck; it’s positioning. They are rarely backed into a corner by circumstances, and you don’t have to be either. On this special episode of The Knowledge Project, host and Farnam Street founder Shane Parrish offers a sneak peek into his upcoming book, Clear Thinking: Turning Ordinary Moments into Extraordinary Results, by sharing five essential insights from the book you can use for success in life and decision-making. Clear Thinking is not just another self-help book — it's a transformative guide that hands you the tools to master your fate, sharpen your decision-making, and set yourself up for unparalleled success. To learn more about the book, visit fs.blog/clear -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Learn more about your ad choices. Visit megaphone.fm/adchoices

3 Loka 202314min

Dr. Leah Lagos and Joe Mazzulla: Control Your Heart, Conquer Your Stress

Dr. Leah Lagos and Joe Mazzulla: Control Your Heart, Conquer Your Stress

Internationally renowned health and performance psychologist Dr. Leah Lagos discusses the concept of Heart Rate Variability (HRV) and how you can improve your mental and physical health by using signals from your body to gain control over stress. She’s also joined on this episode by Head Coach of Boston Celtics, Joe Mazzulla, who has worked with Dr. Lagos on HRV training. He discusses how he uses techniques taught by Dr. Lagos to help him manage his HRV and lower stress levels during his first season as an NBA head coach in 2022. Dr. Lagos has served as a Clinical and Performance Psychologist in private practice for the past 14 years. She consults a global hedge fund as well as elite performers in entertainment, business, and sport. Dr. Lagos is the author of Heart Breath Mind: Conquer Stress, Build Resilience, and Perform at Your Peak. Mazzulla took over as the interim head coach of the Boston Celtics in September 2022 and was officially named the team’s head coach in February 2023. In his first full season on the job, he led the Celtics to the Eastern Conference semifinals and was named one of three finalists for the NBA Coach of the Year. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Learn more about your ad choices. Visit megaphone.fm/adchoices

19 Syys 20231h 10min

Shreyas Doshi: Better Teams, Better Products

Shreyas Doshi: Better Teams, Better Products

Calling on more than two decades of experience working with some of the biggest companies in tech, Shreyas Doshi joins The Knowledge Project for a deep dive into the connection between building a solid team and building a better product. He also discusses the three levels of product work, the origins of conflict on your team, the difference between measurement and evaluation, the benefits and drawbacks of a writing culture, decision-making, growing your competence, and the agency/talent matrix. Doshi is best known as the leader of some of the most successful products from Stripe, where he was one of the company’s first product managers. He also led and grew several products at Twitter, Google, and Yahoo. He currently advises fast-growing startups on strategy, scaling, and product management. Doshi is also a frequent angel investor and has privately coached product managers from Amazon, Meta, Salesforce, Uber, and LinkedIn. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Learn more about your ad choices. Visit megaphone.fm/adchoices

5 Syys 20231h 20min

Rey Flemings: A Different Definition of Success

Rey Flemings: A Different Definition of Success

Dubbed during his career as “The Man Who Knows What the World’s Richest People Want (and How To Get It),” Rey Flemings has years of experience dealing with success. He sees it every day as the co-founder and CEO of Myria, a company that provides concierge services to fewer than 100 elite clients with a combined wealth of over $400 billion. On this episode, Flemings discusses what he’s learned about wealth, money, success and happiness while on the job, how he makes impossible tasks possible, and what it was like to try and smuggle ventilators into New York City during the height of the COVID-19 pandemic.   Flemings founded Myria in 2021 and has worked in the luxury services industry since 2017. He also served as the founder and CEO of Stripple, a web imagery monetization company, and CEO of Particle, an Internet services company acquired by Apple. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/ Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Our Sponsors: MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com Aeropress: Press your perfect cup, every time. https://aeropress.com Learn more about your ad choices. Visit megaphone.fm/adchoices

22 Elo 20231h 6min

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