Business Mentoring Matters

Mentoring Tips: The Best Advice Wilbur Ross Received

Posted on Fri, Dec, 04, 2009

Wilbur Ross, Chairman and CEO of W.L. Ross & Co., recently told a reporter that the best advice he ever received was from a professor he had while attending Harvard Business School.  His professor told him “You’re better backing a mediocre idea that’s brilliantly implemented than a brilliant idea that’s badly executed.”  This great advice from his mentor helped him when his company purchased a group of underperforming steel companies.  He put his plan into action and it became the most efficient steel company in the country.  Wilbur’s advice to future business leaders is to make sure to ask the right questions.  He stresses that “the biggest risk is the question you forgot to ask, because the danger is always something you don’t know.”

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