Cornelius Vanderbilt — "The only way to make money is to take risks."
The only way to make money is to take risks.
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More from Cornelius Vanderbilt
"I have never been afraid to take risks."
"If I had learned to read and write, I would have been a great man."
"I have always taken care of my own business."
"I have always looked forward, never backward."
"I have been driven to the wall by these men, and I mean to have my revenge."
About Cornelius Vanderbilt (1794-1877)
American shipping and railroad magnate whose New York Central railroad and aggressive consolidation built the largest fortune in 19th-century America. Closely associated with John D. Rockefeller (later Gilded Age titan who learned the consolidation playbook). For an intellectual contrast, see Jay Gould, railroad speculator (1836-1892) — Vanderbilt built and ran railroads; Gould watered stock and manipulated markets. Their Erie Railroad rate-war and Gould's Black Friday (1869) gold-corner schemes were the public foil to Vanderbilt's quieter operational consolidation. The cleanest 'industrialist vs speculator' Gilded Age pairing.
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