Chapter 34. Surround yourself with people smarter than yourself
Industrialist Andrew Carnegie once suggested that his epitaph should read, “Here lies a man who was able to surround himself with men far cleverer than himself.” While there is some degree of false modesty in this statement, Carnegie built an outstanding team of executives who helped him to build one of the leading steel companies in the U.S. Carnegie Steel was sold to JP Morgan’s U.S. Steel in 1901 for $400 million. Carnegie was not a gambling man and said that he never bought a share of stock on margin in his life, but he did place his bets on outstanding colleagues.
Some leaders will surround themselves with yes-men and -women who will make them look good—at least in the short run. ...
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