Andrew Carnegie

United States
25 Nov 1835 // 11 Aug 1919
Industrialist

Quotes

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Men who continue hoarding great sums all their lives, the proper use of which for the public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share. By taxing estates heavily at death the state marks its condemnation of the selfish millionaire's unworthy life.

'Wealth,' North American Review (1889)
No man will make a great leader who wants to do it all himself or get all the credit for doing it.
Never speculate...if you have savings, invest them in solid securities, lands, or property. The man who gambles upon the exchanges is in the condition of the man who gambles at the gaming table. He rarely, if ever, makes a permanent success.

'From Oakland: How to Succeed in Life,' The Pittsburgh Bulletin (1903)
Watch the costs and the profits will take care of themselves.

Quoted in The Entrepreneurs - An American Adventure (1986)
Immense power is acquired by assuring yourself in your secret reveries that you were born to control affairs.
This, then, is held to be the duty of the man of wealth: first, to set an example of modest unostentatious living...to provide moderately for the legitimate wants of those dependent upon him; and, after doing so, to consider all surplus revenues...as trust funds which he is strictly bound as a matter of duty to administer in the manner...best calculated to produce the most beneficial results for the community.

The Gospel of Wealth (1889)
I shall argue that strong men, conversely, know when to compromise and that all principles can be compromised to serve a greater principle.
The problem of our age is the administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship.

The Gospel of Wealth (1889)
I have known millionaires starving for lack of the nutriment which alone can sustain all that is human in man, and I know workmen...who revel in luxuries beyond the power of those millionaires to reachIt is the mind that makes the body rich. There is no class so pitiably wretched as that which possesses money and nothing else.

Address, at the presentation of the Carnegie Library, Pittsburgh, Pennsylvania (1895)
Not evil, but good, has come to the race from the accumulation of wealth by those who have the ability and energy that produce it.

'Wealth,' North American Review (1889)
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