The Prof G Pod with Scott Galloway First Time Founders with Ed Elson – The Billionaire Who Built His Fortune on Infrastructure
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Aug 3, 2025 
Michael Dorrell, CEO and co-founder of Stonepeak, shares insights from his journey in infrastructure investment, revealing why it's a goldmine for savvy investors. He reflects on how crucial community support and risk-taking are for founders, and the invaluable lessons learned from taking responsibility early on. Dorrell emphasizes the importance of vulnerability in professional growth and recounts his transition from Blackstone to building Stonepeak during a financial crisis, highlighting key strategies that helped secure investor trust.
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Infrastructure's Unique Investment Moats
- Infrastructure assets like airports, roads, and utilities have natural monopolies and strong economic moats.
- Their essential service nature and regulation provide stable, predictable, and inflation-linked long-term cash flows.
Thrown Into Deep End Early
- Michael was thrown into leading a railroad bankruptcy transaction at age 25 with little experience.
- He learned by doing, using resources like the internet and figuring things out in real time.
Do It Younger Than You Think
- Embrace discomfort and uncertainty to learn and grow quickly.
- Young people should seize responsibility early as their energy and resilience are key to success.