Thomas Mellon: Changing Your Life Through Concurrent Benefits

The 2006 book “Mellon: An American Life” covers the life of Andrew Mellon as he built a fortune through Alcoa, Gulf Oil, and the Mellon banks while becoming one of the most influential citizens in United States history via his advocacy to the President during the administrations of Warren Harding, Calvin Coolidge, and Herbert Hoover. The modern-day sports mogul Stan Kroenke, with ownership interests in the Denver Nuggets, Colorado Avalanche, Colorado Rapids, Colorado Mammoth, English football club arsenal, and the St. Louis Rams, spent the early years of his adulthood fiercely studying Carnegie’s focus on developing long-term projects and keeping the same management teams in place for decades on end.

Carnegie’s buy-and-never-sell approach (only using cash profits to accumulate more) has become Kroenke’s signature style. But as interesting as the story of Andrew Mellon is, the real underrated story is that of his father: The jurist and businessman … Read the rest of this article!