The Economic Times

Quote of the day by Andrew Carnegie: The concerns which fail are those which have scattered their activities.. Learn from the master of the American Dream from a penniless Scottish immigrant to the richest man in the world

Quote of the day by Andrew Carnegie: Andrew Carnegies $310 billion inflation-adjusted fortune proves his one basket rule works. Most businesses fail by scattering resources. Carnegie focused solely on steel. This singular focus slashed production costs by 89%. He moved from a penniless immigrant to the world's richest man. His strategy? Master one niche completely. Do not diversify too early. High-concentration leads to market dominance. Today, top CEOs still follow this blueprint. Focus creates expertise. Expertise creates wealth. Watch your basket closely to win.