How to Take Over the World

Andrew Carnegie (Part 2)

45 snips
Dec 12, 2025
Andrew Carnegie's remarkable rise from a poor immigrant to the richest man in the world is truly captivating. The podcast highlights his strategic moves during economic recessions and his groundbreaking use of the Bessemer process for steel production. It also dives into the complexities of labor relations and the infamous Edgar Thompson strike. Furthermore, Carnegie’s philanthropic legacy, focusing on education and peace efforts, sheds light on his transformation from industrialist to benefactor, shaped by the devastating impacts of World War I.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
00:00 / 00:00

The $400M Handshake

  • Andrew Carnegie wrote down his price: $400 million, and J.P. Morgan accepted it, making Carnegie the richest man alive.
  • Carnegie framed the sale as a step toward full-time philanthropy and a new purpose in life.
00:00 / 00:00

Build Expertise, Then Hire Better

  • Carnegie became a 'part-time billionaire' by building deep expertise early, then hiring world-class talent and working less while owning more.
  • He combined T-shaped knowledge with top hires like engineer Alexander Hawley to scale Bessemer steel production.
00:00 / 00:00

Be Greedy When Others Panic

  • Prepare for recessions by running a tight ship and building a war chest so you can buy distressed competitors.
  • Use calm equanimity in crises to act while others panic and consolidate market share.
Get the Snipd Podcast app to discover more snips from this episode
Get the app