Rainmakers #17 Carlos Slim: El Conquistador
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Aug 14, 2025 Discover the incredible rise of Carlos Slim, a construction engineer turned telecom mogul. Learn about his ten key principles for success and savvy investment strategies during economic downturns. Delve into his transformative acquisition of Telemex and how he seized opportunities in a turbulent market. The podcast explores his strategic brilliance during Mexico's telecommunications boom, offering valuable investment insights and lessons from a true titan of industry.
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Ten Principles That Shaped His Strategy
- Carlos Slim used ten operating principles focused on simplicity, austerity, reinvestment, and long-term optimism.
- These principles underpinned his ability to buy distressed businesses and turn them into cash-generating machines.
Lesson From His Father's Deal
- Slim learned contrarian buying from his father Julian, who bought out his brother during the Mexican Revolution.
- That move taught Carlos to double down when assets were cheap and others wanted safety.
Own, Don't Trade
- Slim adopted J. Paul Getty's view: "All of the money is in the long term."
- He preferred owning and building businesses rather than trading them short-term.
