Quotes of All Topics . Occasions . Authors
I think the most fundamental error we make is mistaking a noisy, anomalous event for the norm. This happens all the time - in the stock market, in reports of crime and natural disaster, etc. The fact is that big, noisy, anomalous events catch our attention because they're anomalous, which isn't a problem in and of itself.
April Fool is widely considered one of the top yachts ever built by Feadship, the famed Dutch shipyard. Launched in 2006, April Fool has a huge master stateroom, a Jacuzzi on the fourth-level sun deck, a sauna, and sprawling outdoor dining lounge. The yacht first came onto the market in 2011 with a price of $69.5 million.
My uncle was the first brown person to have a market stall on Petticoat Lane in the 1960s. He worked his way up from the street. He was homeless, but eventually he got a car so he could sell from the boot. And by the 1980s, he was a millionaire wholesaling to companies like Topshop. So in a way, fashion put me in England.
In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
I think everyone should sell whatever product they want to sell for whatever price they want to sell it for, but ultimately the market will dictate what it is and people will have to charge less money for everything. Record companies have been overcharging people for way too long and now this is the trouble that they're in.
Every new startup business creates new opportunities. It doesn't matter whether you have a new app for college students or a home medical device for senior citizens; there are other multibillion noncompetitive corporations that are spending millions of dollars trying to market their goods and services to your same audience.
A visit to the Rennes market, one of the finest I have seen in France, alone will convince you of the virtues of Breton gastronomy. It's a testament to the fact that Brittany is Frances' most agriculturally active region, with the producers themselves peddling their products, a vocal bunch, full of recipe ideas and passion.
Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.
Playing games is the dessert. Our real market is people doing everyday things. Rather than pulling your mobile phone in and out of your pocket, we want to create an all-day flow; whether you're going to the doctor or a meeting or hanging out, you will all of a sudden be amplified by the collective knowledge that is on the web.
After the Revolution in '49, all the films were propaganda. They serviced the government and carried the message that the government wants to relay to the people. But I think, in the last 10 years, because the film market is opening and there's an expansion of all the cinemas in China, it's now a lot like Hollywood productions.
Are you asking for a raise? Do your research and know your market value. Having an informed sense of your worth, as dictated by the broader marketplace, will give you greater confidence in requesting increased compensation. It's tough to dispute someone who can back up her assertions with facts and a smart, articulate argument.
The reality is gas prices should be much more expensive then they are because we're not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
At Verizon, we've been strategically investing in emerging technology, including Verizon Digital Media Services and OTT, that taps into the market shift to digital content and advertising. AOL's advertising model aligns with this approach, and the advertising platform provides a key tool for us to develop future revenue streams.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having prospects of profitability, how adept it is at identifying and nourishing the ideas with the best prospects, and how prepared it is in evaluating and trying out the new products and methods that are launched onto the market.
When the FDA forces an old drug off the market, patients have very little say in the matter. Patients have even less of a say when the FDA chooses not to approve a new drug. Instead, we are supposed to rely on the FDA's judgment and be grateful. But can the FDA really make a choice that is appropriate for everyone? Of course not.
The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.
In 2011, I released my first album called 'International Villager.' I had no support, and whatever money I had made, I put it all in the album. I shot the music video for 'Brown Rang' with one lakh dollars. I spent so much money, as I just wanted to put it up on YouTube, as I knew that my market was there, and it became a huge hit.
When you've got four people to get dressed to get out the door, you don't really tend to spend a lot of time on yourself. But that's the way I roll anyway. I was never one to do my hair and make-up just to go down to the market, so it's really not that much different. If I get a little eye cream on, I feel like I'm ahead of myself.
The power of the individual, market forces, and the private sector permeate our lives. With that power comes responsibility to address huge challenges. Climate change cannot be solved by governments alone. Xenophobia, hatred, and intolerance - more business leaders have to play a role in trying to be positive leaders, civic leaders.
The Wall Street Dow Jones up and down thing that's moving when the stock market's open? That thing freaks me out. It's up, it's down, it's just maddening to me. I guess I'm such a super-focused kind of person that I get distracted really easy. I'll watch that thing, and it's like I'm losing money, I'm getting money. It's just crazy.
Throughout the Great Recession of 2008, the average 401(k) balance lost anywhere from 25 to 40 percent of value. Nobody was more harmed than baby boomers or recent retirees, who, unlike younger workers, didn't have the time for the market to rebound or were no longer contributing and therefore unable to invest when stocks were cheap.
We have to stop thinking about diversity and start thinking about inclusion. That's what you can take from August Wilson. That there are whole cultures out there living experiences exactly like yours, and their stories can be just as dynamic, sold in the foreign market, put as many butts in the seats as any Caucasian movie out there.
I will not undertake to offer an opinion on the capacity of Hindustan to produce cotton. The region is large, and the soil and climate various, the population great and wages low; but I must be permitted to doubt the success of the experiment of driving us out of the market, though backed and patronized by English capital and energy.
We have a structural problem because you can simultaneously understand the medium to long-term risks of climate change and also come to the conclusion that it is in your short-term economic interest to invest in oil and gas. Which is why, you know, anybody who tells you that the market is going to fix this on its own is lying to you.
One of the symptoms of an absence of innovation is the fact that you lose your jobs. Everyone else catches up with you. They can do what you do better than you or cheaper than you. And in a multinational corporate-free market enterprise, it is the company's obligation to take the factory to a place where they can make it more cheaply.
Family business management is a discipline that has evolved from an art into a science. The market for this line of education has been created by the growing recognition of family-run companies that shareholders are demanding greater clarity on issues ranging from succession to the management of wealth and the distribution of profits.
There are 4 billion cell phones in use today. Many of them are in the hands of market vendors, rickshaw drivers, and others who've historically lacked access to education and opportunity. Information networks have become a great leveler, and we should use them together to help lift people out of poverty and give them a freedom from want.
Maybe you weren't born with a silver spoon in your mouth, but like every American, you carry a deed to 635 million acres of public lands. That's right. Even if you don't own a house or the latest computer on the market, you own Yosemite, Yellowstone, the Grand Canyon, Golden Gate National Recreation Area, and many other natural treasures.
Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes.
To protect people's lives and keep our children safe, we must implement public-works spending and do so proudly. If possible, I'd like to see the Bank of Japan purchase all of the construction bonds that we need to issue to cover the cost. That would also forcefully circulate money in the market. That would be positive for the economy, too.
One day, when the world market is more or less fully developed and can no longer be suddenly enlarged, and if labour productivity continues to advance, then sooner or later the periodic clashes between productive forces and market barriers will begin, and because of their recurrence, these will naturally become increasingly rough and stormy.
It's counterproductive to lower my price, because I have to sell more units to make up for that lost revenue. Generating brand-new products can take a long time. Improving service is typically the quickest way that I can take market share. So aligning technology strategy to better service customers becomes an essential path to revenue growth.
Many first-time founders fail to understand the difference between the potential of the Total Addressable Market (TAM) and the very finite subsection they can hope to capture. No company ever captures the entire market they pioneer. Innovation doesn't happen in a vacuum, and others will jump in from the moment you've identified the potential.
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
I take my daughter to the San Mateo farmers market every Saturday morning, and despite repeated advice to the contrary, I usually do it on an empty stomach. Bad mistake. I wind up buying far more produce than our small family can eat within a week, which means I'm constantly trying to figure out ways to pack more vegetables into a single meal.
While big business gain subsidies and political access, small businesses drown in red tape, and individuals now risk being classified as terrorists for complaining about it. Economic globalisation is about homogenising differences in the worlds' markets, cultures, tastes and traditions. It's about giving big business access to a global market.
I'm extremely positive about investment in Africa. Africa has a wonderful climate, wonderful people, and amazing possibilities. Africa has been called dark and hopeless, but today it is neither of these. Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. It's the best place to invest.
Threats of trade protectionism, plus unilateral actions on the exchange-rate front, such as the heavy interventions of China, Japan, and Switzerland in the currency markets - not to mention the retaliatory tariffs recently passed by the U.S. House of Representatives - endanger growth prospects and could further depress financial market confidence.
Anthony and I are putting together a company where we won't lose our jobs based on quarterly earnings and can afford to play a longer game. That short game is what creates a glut of mediocrity in the market because people are desperate for hits, and it puts so much pressure on executives to deliver them. We will take that pressure off the artists.
