Popular quotes about Costs! Wisdom and inspiration are here! | page 41
Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.
Charlie MungerI believe I have demonstrated that the voters are characteristically ill-informed when voting on reducing social costs. Furthermore, their primary concern is with wealth transferred to themselves, rather than with social cost efficiency. Logically, this would mean that democratic government would be inefficient in reducing social costs.
Gordon TullockWe don't know what our health care costs are going to be. We don't know what our tax rates are going to be. We don't know what our interest rates are going to be. We don't know what our energy costs are going to be. All these uncertainties are being driven by the Government's agenda. What we really need to do is get Government to step back.
Jim RenacciJust as Americans have discovered the hidden energy costs in a multitude of products-in refrigerating a steak, for example, on its way to the butcher-they are about to discover the hidden water costs. Beginning with the water that irrigated the corn that was fed to the steer, the steak may have accounted for 3,500 gallons. The water that goes into a 1,000-pound steer would float a destroyer. It takes 14,935 gallons of water to grow a bushel of wheat, 60,000 gallons to produce a ton of steel, 120 gallons to put a single egg on the breakfast table.
Jerry AdlerGovernment restrictions are attractive to people who want to impose their pet notions without having to count the costs.
Thomas SowellEvery effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
Ben BernankeSmart businesses do not look at labor costs alone anymore. They do look at market access, transportation, telecommunications infrastructure and the education and skill level of the workforce, the development of capital and the regulatory market.
Janet NapolitanoIt has been difficult for [young people in the U.S.] to connect the dots between rising tuition costs and other assaults on their dignity with the ongoing assault on public life and its myriad democratic institutions. Today's generation faces an enormous battle in turning back the current assaults on the social state, higher education, and the social good.
Henry GirouxThere are two types of films - one made by the big-time producers, the other is low budget stuff made by some producers who make films for the heck of it, they complete their films for small amounts, sell it at low costs with almost no publicity.
Ajay DevganEspecially in urban areas, nobody cares so much [about castes], because you are forced to live in the same buildings. There is so, so little space. You can't be thinking about whether you are living in a street that has only Brahmins, or in a building that has been touched only by Muslims or Christians. You just live there, because that's the only place that you can find. So such distinctions just crumble away. There are people who maintain them, at all costs. But for the most part, it doesn't matter.
Anita Rau BadamiIndex funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.
Burton MalkielThere is economics in biology, nothing is free, everything has to be paid for, there are costs as well as benefits to everything in life, for example, there was never sufficient natural selection pressure to develop better eyes, individuals could earn other things like smiley smiles rather than waste energy & time on better eyes.
Richard DawkinsDemocrats are just as divided as Republicans these days. Embarrassed by their election losses, they are fighting over everything from their diagnosis of why Trump beat them in 2016 to how much to stake themselves on an oust-him-at-all-costs strategy now. Their internal battles may not be as sexy as the unprecedented hostile takeover of the GOP by an outsider president not beholden to it - yet they are just as consequential.
Susan GlasserEbay was involved and gave up 150 million passwords. Target was attacked and gave up 40 million credit card numbers. Attacks like these are happening on a regular basis, both in the United States and around the world and the costs in terms of privacy or security in our financial sector are truly extraordinary.
Donald TrumpOf course, a lot of businesses want to reach students, so I funded the magazine by selling advertising. I sold something like $8,000 worth of advertising for the first edition, and that was in 1966. I printed up 50,000 copies, and I didn't even have to charge for them on the newsstand because my costs were already covered.
Richard BransonIt was really a means-of-production problem. It costs so much to make films. With a novel, you can write the whole thing on a ream of paper from Staples for $4.
Ruth OzekiInfertility costs an average of about $16-20,000 per procedure, and you don't always get pregnant the first time. I had to go through it seven times. And adoption and surrogacy are not covered through insurance companies.
Cindy MargolisFor just a few dollars a dose, vaccines save lives and help reduce poverty. Unlike medical treatment, they provide a lifetime of protection from deadly and debilitating disease. They are safe and effective. They cut healthcare and treatment costs, reduce the number of hospital visits and ensure healthier children, families and communities.
Seth BerkleyOur insatiable appetite for fossil fuels and the corporate mandate to maximize shareholder value encourages drilling without taking into account the costs to the ocean, even without major spills.
Sylvia EarleWe're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
Ron PaulI also rise today in strong support of forward movement on the implementation of health information technology, which has the potential to save the United States billions of dollars in health care costs each year.
Russ CarnahanWe, unaccustomed to courage exiles from delight live coiled in shells of loneliness until love leaves its high holy temple and comes into our sight to liberate us into life. Love arrives and in its train come ecstasies old memories of pleasure ancient histories of pain. Yet if we are bold, love strikes away the chains of fear from our souls. We are weaned from our timidity In the flush of love's light we dare be brave And suddenly we see that love costs all we are and will ever be. Yet it is only love which sets us free.
Maya AngelouAt today's prices for medicines, doctors and hospitals-if the latter are available at any price-only millionaires can afford to be hurt or sick and pay for it. Very few people want socialized medicine in the U.S. But pressure for it is going to appear with the same hurricane force as the demand for pollution control if the medicine men and hospital operators don't take soon some Draconian measures... At the present rate of doctor fees and hospital costs under Medicare and Medicaid plans [taxpayers] are shovelling in billions with nothing but escalation in sight.
Malcolm ForbesOn top of that, illegal immigration costs our country more than $113 billion a year. And this is what we get. For the money we are going to spend on illegal immigration over the next 10 years, we could provide 1 million at-risk students with a school voucher, which so many people are wanting.
Donald TrumpOne of the most difficult things in the world is to convince a woman that even a bargain costs money.
E. W. HoweOne thing you who had secure or happy childhoods should understand about those of us who did not. We who control our feelings, who avoid conflicts at all costs, or seem to seek them. Who are hypersensitive, self-critical, compulsive, workaholic, and above all survivors. We are not that way from perversity, and we cannot just relax and let it go. Weโve learned to cope in ways you never had to.
Piers AnthonyA religion that costs nothing is worth nothing. A cheap Christianity, without a cross, will prove in the end a useless Christianity, without a crown.
J. C. RyleThe first ads for medical marijuana have started airing on television in California. The ads are quite expensive. It costs a lot of money to buy 30 seconds during 'Spongebob Squarepants.'
Craig FergusonTo know one's own desires, their meaning and their costs requires the highest human virtue: rationality.
Ayn RandIt's probably also smart to keep some money in cash to invest it. But I would resist at all costs taking a lump-sum distribution because the tendency is to spend out too fast in the early years of your retirement. The advice of professionals is to take out no more than 5% per year and that will give you 20 years of distributions, and at your age, 55, you probably have more than 20 years life expectancy.
Hedrick SmithI just don't think it's good public policy to tax fuel. It's kind of silly. It stops people from traveling and actually costs the economy more money than what you gain in the taxes.
David NeelemanWe cannot rest until we make sure that our families can afford to live and raise their kids here, that our seniors can remain in their homes and afford their health and pharmaceutical costs.
Carl LewisThe Bush administration has been doing everything it can to hide the huge number of returning veterans who are severely wounded - 17,000 so far including roughly 20 percent with serious brain and head injuries. Even the estimate of $500 billion ignores the lifetime disability and healthcare costs that taxpayers will have to spend for years to come.
Joseph StiglitzCharacter is not only doing the right thing when no one is looking, it's doing the right thing when everyone is looking. It's being willing to do the right thing even when it costs more than you want to pay.
Michael JosephsonThe result of long-term relationships is better and better quality, and lower and lower costs.
W. Edwards DemingThe fact of the matter is that today, stuff-selling mega-corporations have a huge influence on our daily lives. And because of the competitive nature of our global economy, these corporations are generally only concerned with one thing - the bottom line. That is, maximising profit, regardless of the social or environmental costs.
David SuzukiI was also thinking that I only had a certain amount of time to make music and to spend it in that city. And everybody else... you know the story 'Oh, New York it's such a great place, but it's so expensive to live here and there's so much to do.' You go there for inspiration and you end up getting a job to pay bills. I thought I must fight that at all costs.
Roy MontgomeryA firm is successful when the costs of directing employee effort are lower than the potential gain from directing.
Clay ShirkyI spend money on war because it is necessary, but to spend it on science, that is pleasant to me. This object costs no tears; it is an honour to humanity
George IIICompassion costs. It is easy enough to argue, criticize and condemn, but redemption is costly, and comfort draws from the deep. Brains can argue, but It takes heart to comfort.
Samuel ChadwickI think war and armed conflict is always the last of all the options you have on the table. I think you try to avoid that at all costs. Sometimes it's unavoidable. That's the lesson of World War II. I think the other lesson of the last 50 or 60 years, however, is that, the stronger the U.S. military, the stronger our defense capabilities, the stronger the chances for peace are.
Marco RubioA general โlaw of least effortโ applies to cognitive as well as physical exertion. The law asserts that if there are several ways of achieving the same goal, people will eventually gravitate to the least demanding course of action. In the economy of action, effort is a cost, and the acquisition of skill is driven by the balance of benefits and costs. Laziness is built deep into our nature.
Daniel Kahneman