Investing · Entrepreneur memoirs

Andrew Carnegie:Put All Good Eggs in One Basket

Andrew Carnegie《The Autobiography of Andrew Carnegie》· Chapter XII, “Business Negotiations” · Investing · Growth · Decision

I determined that the proper policy was "to put all good eggs in one basket and then watch that basket."

Source: https://www.gutenberg.org/cache/epub/17976/pg17976.txt
Locator:Chapter XII, “Business Negotiations,” paragraph beginning “Business was promising...” · Verified:2026-10-19 · Verification:Exact match

Reading

Concentrate on one industry and watch the basket closely.

Context

Andrew Carnegie (1835–1919) was born in Scotland, immigrated to the United States as a child, and rose from cotton-mill worker to steel magnate. His key decision was to reject diversification and concentrate every resource on the steel chain, integrating iron, coke, transport, and sales. In his Autobiography he explains why he put “all good eggs in one basket”—and then watched that basket closely.

Today's question

What is the one thing you would truly put in one basket and watch—and is your current diversification risk management or an escape from focus?

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