The secret behind Carnegie's fortune and the lesson for the AI era
Point A: 1835. Andrew Carnegie is born in a weaver’s cottage in Dunfermline, Scotland. The cottage has one main room, which the Carnegies share with another family. Point B: 1901. Andrew Carnegie becomes the richest man in the world when Carnegie Steel Company wins the Iron vs. Steel industrialists’ war, and he sells the company to J.P. Morgan for the modern equivalent of $450 billion.