Mr. Carnegie had scaled the hierarchy of the Pennsylvania Railroad to reach his current position of division superintendent, which made him the man in charge of safely moving all rail traffic in western Pennsylvania. A heady height indeed for a small lad from Scotland, as he liked to tell me. But his true success came not from advancing rung by rung up that corporate ladder—a rare enough feat—but by investing in companies, a notion that had been novel to him. And to me.
