New Delhi, Feb. 26 -- Renowned industrialist and philanthropist, Andrew Carnegie, had once advised that one should focus their efforts on a single venture and monitor its progress closely to achieve wealth. In an interview published in 1902, in The Empire of Business, the steel tycoon gave the key to becoming wealthy.

Quote of the day by Andrew Carnegie: "The way to become rich is to put all your eggs in one basket and then watch that basket."

Andrew Carnegie, who built a steel empire and reshaped the relationship between wealth and responsibility, rose to become one of the richest men in the world. His most popular belief was that wealth carries responsibility and to set an example he gave away his fortune and funded more than 2,500 fr...