my piece on Tom Cairnes and ManoCap @newyorker.com.
Reading Andrew Carnegie's autobiography this morning, I came upon this passage. He argues that owning shares is a monstrous distraction from the more important ways in which we can earn and accumulate wealth - notably by working. His point could be applied more broadly to the insanity of letting the stock market dictate any analysis… Continue reading Andrew Carnegie on why entrepreneurs should not own stock….
Wrote this for newyorker.com