“
Yet not for a single moment did I have any doubts about my own integrity and honour as a woman. I knew that my profession had been invented by men, and that men were in control of both our worlds, the one on earth, and the one in heaven. That men force women to sell their bodies at a price, and that the lowest paid body is that of a wife. All women are prostitutes of one kind or another.
”
”
Nawal El Saadawi (Woman at Point Zero)
“
The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many simply have to work harder, in conditions that grow ever more insecure, to enrich the few. Democratic politics, which purports to enrich the many, is actually in the pocket of those bankers, media barons and other moguls who run and own everything.
”
”
Charles Moore
“
That men force women to sell their bodies at a price, and that the lowest paid body is that of a wife. All women are prostitutes of one kind or another. Because I was intelligent I preferred to be a free prostitute, rather than an enslaved wife.
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”
Nawal El Saadawi (Woman at Point Zero)
“
The purpose of clothing, as best he could tell, was to keep one unembarrassed and at the right temperature. If an outfit served that purpose for a respectable period—twenty years, say—and at the lowest price available, then it was successful.
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”
Tom Rachman (The Rise & Fall of Great Powers)
“
That girls should not marry for money we are all agreed. A lady who can sell herself for a title or an estate, for an income or a set of family diamonds, treats herself as a farmer treats his sheep and oxen — makes hardly more of herself, of her own inner self, in which are comprised a mind and soul, than the poor wretch of her own sex who earns her bread in the lowest stage of degradation. But a title, and an estate, and an income, are matters which will weigh in the balance with all Eve’s daughters — as they do with all Adam’s sons. Pride of place, and the power of living well in front of the world’s eye, are dear to us all; — are, doubtless, intended to be dear. Only in acknowledging so much, let us remember that there are prices at which these good things may be too costly.
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”
Anthony Trollope (Complete Works of Anthony Trollope)
“
Some womens are like SHOPRITE- LOWEST PRICES ALWAYS
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”
Zay-B unda-G
“
Salespeople who think that it’s all about price aren’t required: If it can be sold on the internet at the lowest price, you can take the huge cost of a sales team out of the equation.
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”
Chris Murray (Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction)
“
Come all ye conservatives and liberals
who want to conserve the good things and be free,
come away from the merchants of big answers,
whose hands are metalled with power;
from the union of anywhere and everywhere
by the purchase of everything from everybody at the lowest price
and the sale of anything to anybody at the highest price;
from the union of work and debt, work and despair;
from the wage-slavery of the helplessly well-employed.
From the union of self-gratification and self-annihilation,
secede into care for one another
and for the good gifts of Heaven and Earth.
”
”
Wendell Berry (The Selected Poems of Wendell Berry)
“
I am adrift. At 21, penniless in a world of plausible excuses, I am alone with my goals. These are difficult years, and if anything loving lay ahead I was already paying a large enough price. At my lowest in these years of signing on, I do not fit in anywhere with the family philosophy, and these days set the tempo of the times- even for the days when the sun re-enters the room. Travestied or not, you must just get through it.
”
”
Morrissey (Autobiography)
“
Why the conservatives, who controlled all three branches of the federal government, were still so enraged--at respectful skeptics of the Iraq War, at gay couples who wanted to get married, at bland Al Gore and cautious Hillary Clinton, at endangered species and their advocates, at taxes and gas prices that were among the lowest of any industrialized nation, at a mainstream media whose corporate owners were themselves conservatives, at the Mexicans who cut their grass and washed their dishes--was somewhat mysterious to Walter.
”
”
Jonathan Franzen (Freedom)
“
The value decade is upon us. If you can’t sell a top-quality product at the world’s lowest price, you’re going to be out of the game . . . the best way to hold your customers is to constantly figure out how to give them more for less.—Jack Welch, Chairman, General Electric
”
”
Philip Kotler (Kotler On Marketing: How To Create, Win, and Dominate Markets)
“
You don't announce the lowest price you'd accept on an object you're trying to sell to an active buyer. That's like perfuming your asshole before you eat Taco Bell.
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”
Jarod Kintz (Me and memes and memories)
“
Wisdom, in short, whose lessons have been represented as so hard to learn by those who never were at her school, only teaches us to extend a simple maxim universally known and followed even in the lowest life, a little farther than that life carries it. And this is, not to buy at too dear a price. Now, whoever takes this maxim abroad with him into the grand market of the world, and constantly applies it to honours, to riches, to pleasures, and to every other commodity which that market affords, is, I will venture to affirm, a wise man.
”
”
Henry Fielding (The History of Tom Jones, a Foundling)
“
I came to realize that a female employee is more afraid of losing her job than a prostitute is of losing her life. An employee is scared of losing her job and becoming a prostitute because she does not understand that the prostitute’s life is in fact better than hers. And so she pays the price of her illusory fears with her life, her health, her body, and her mind. She pays the highest price for things of the lowest value. I now knew that all of us were prostitutes who sold themselves at varying prices, and that an expensive prostitute was better than a cheap one. I also knew that if I lost my job, all I would lose with it was the miserable salary, the contempt I could read every day in the eyes of the higher level executives when they looked at the lesser female officials, the humiliating pressure of male bodies on mine when I rode in the bus, and the long morning queue in front of a perpetually overflowing toilet.
”
”
Nawal El Saadawi (Woman at Point Zero)
“
To the Disillusioned in Philosophy.—If you hitherto believed in the highest value of life and now find yourselves disillusioned, must you immediately get rid of life at the lowest possible price?
”
”
Friedrich Nietzsche (Human, All Too Human: A Book for Free Spirits)
“
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shain cruz
“
It was supposed that the pearl buyers were individuals acting alone, bidding against one another for the pearls the fishermen brought in. And once it had been so. But this was a wasteful method, for often, in the excitement of bidding for a fine pearl, too great a price had been paid to the fisherman. This was extravagant and not to be countenanced. Now there was only one pearl buyer with many hands, and the men who sat in their offices and waited for Kino knew what price they would offer, how high they would bid, and what method each one would use. And although these men would not profit beyond their salaries, there was excitement among the pearl buyers, for there was excitement in the hunt, and if it be a man's function to break down a price, then he must take joy and satisfaction in breaking it as far down as possible. For every man in the world functions to the best of his ability, and no one does less than his best, no matter what he may think about it. Quite apart from any reward they might get, from any word of praise, from any promotion, a pearl buyer was a pearl buyer, and the best and happiest pearl buyer was he who bought for the lowest prices.
”
”
John Steinbeck (The Pearl)
“
The three of us exchanged glances but said nothing. After all, what was there to say? The truth was that hookers did take credit cards—or at least ours did! In fact, hookers were so much a part of the Stratton subculture that we classified them like publicly traded stocks: Blue Chips were considered the top-of-the-line hooker, zee crème de la crème. They were usually struggling young models or exceptionally beautiful college girls in desperate need of tuition or designer clothing, and for a few thousand dollars they would do almost anything imaginable, either to you or to each other. Next came the NASDAQs, who were one step down from the Blue Chips. They were priced between three and five hundred dollars and made you wear a condom unless you gave them a hefty tip, which I always did. Then came the Pink Sheet hookers, who were the lowest form of all, usually a streetwalker or the sort of low-class hooker who showed up in response to a desperate late-night phone call to a number in Screw magazine or the yellow pages. They usually cost a hundred dollars or less, and if you didn’t wear a condom, you’d get a penicillin shot the next day and then pray that your dick didn’t fall off. Anyway, the Blue Chips took credit cards, so what was wrong with writing them off on your taxes? After all, the IRS knew about this sort of stuff, didn’t they? In fact, back in the good old days, when getting blasted over lunch was considered normal corporate behavior, the IRS referred to these types of expenses as three-martini lunches! They even had an accounting term for it: It was called T and E, which stood for Travel and Entertainment. All I’d done was taken the small liberty of moving things to their logical conclusion, changing T and E to T and A: Tits and Ass!
”
”
Jordan Belfort (The Wolf of Wall Street)
“
During our endless search for the newest trends for the lowest prices, we become complicit in the forced-labor industry. Chinese manufacturers often believe they have no choice but to secretly outsource to gulags, because they cannot meet the global consumer demand for budget prices and the latest trends. Studies have shown it is precisely brands’ demands for lower prices, faster production, and fulfillment of unanticipated orders that compel factories to illegally subcontract work to places like labor camps.
”
”
Amelia Pang (Made in China: A Prisoner, an SOS Letter, and the Hidden Cost of America's Cheap Goods)
“
A monopoly granted either to an individual or to a trading company, has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate. The price of monopoly is upon every occasion the highest which can be got. The natural price, or the price of free competition, on the contrary, is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together. The
”
”
Adam Smith (THE WEALTH OF NATIONS (Illustrated))
“
The Great Bubble ended on March 10, 2000 (though we didn’t realize that fact until some months later). On that day, the NASDAQ (recently 1,731) hit its all-time high of 5,132. That same day, Berkshire shares traded at $40,800, their lowest price since mid-1997.
”
”
Warren Buffett (Berkshire Hathaway Letters to Shareholders: 1965-2024)
“
where creativity doesn't drive a company's strategic vision, most often the lowest price will be the winning formula. Success, abundance, a rising standard of living-for individuals, companies, communities, nations-will depend on a capacity to create, invent, and innovate.
”
”
Peter Georgescu (The Source of Success: Five Enduring Principles at the Heart of Real Leadership (Jossey-Bass Leadership Series Book 295))
“
They maintain he wrote The Art of War. Personally, I believe it was a woman. On the surface, The Art of War is a manual about tactics on the battlefield, but at its deepest level it describes how to win conflicts. Or to be more precise, the art of getting what you want at the lowest possible price. The winner of a war is not necessarily the victor. Many have won the crown, but lost so much of their army that they can only rule on their ostensibly defeated enemies’ terms. With regard to power, women don’t have the vanity men have. They don’t need to make power visible, they only want the power to give them the other things they want. Security. Food. Enjoyment. Revenge. Peace. They are rational, power-seeking planners, who think beyond the battle, beyond the victory celebrations. And because they have an inborn capacity to see weakness in their victims, they know instinctively when and how to strike. And when to stop. You can’t learn that, Spiuni.
”
”
Jo Nesbø (Nemesis (Harry Hole, #4))
“
One can never call me a quitter
I take something right and see it
through till it’s wrong
Auctioning myself off to the lowest bidder
Going once, going twice
Gone
Sold to the man for the price of disdain
Some are sold for a song
I don’t rate a refrain
I guess it was all going just a little too well
If I wasn’t careful I’d be happy pretty soon
Heaven’s no place for one who thrives on hell,
One who prefers the bit to the silver spoon.
Then just when I’d almost resigned myself to winning
When it seemed my bright future would never dim
When my luck looked as though it was only beginning
I met him.
Sullen and scornful; a real Marlboro man
The type who pours out the beer and eats the can
A tall guy with a cultivated leer
One you can count on to diaprove or disappear
I knew right away that he was a find
Given this, he was the kindest man I’d ever met
Back came my sense of worthlessness
And my long lost pangs of regret
I was my old self again, lost and confused
Reunited with that old feeling
Of being misunderstood and misused.
Sold to the man for the price of disdain
All of this would be interesting
If it weren’t so mundane
”
”
Carrie Fisher (The Princess Diarist)
“
To maximise output, every organisation will strive to obtain its necessary raw materials, labour and machinery at the lowest possible cost and combine them to turn out a product that it will then attempt to sell at the highest possible price... And yet, troublingly, there is one difference between 'labour' and other commodities, a difference that conventional economics does not have a means of representing or giving weight to but that is nevertheless unavoidably present in the world: that labour feels pain.
”
”
Alain de Botton
“
It is advisable to yield on price when bartering at the point of a bayonet.
”
”
David J. Mauro (The Altitude Journals: A Seven-Year Journey from the Lowest Point in My Life to the Highest Point on Earth)
“
What is the cheapest day to buy Delta flights? ►+1║866║658║5895◄ The best time to book Delta flights at the lowest prices is usually Tuesday or Wednesday. ►+1║866║658║5895◄ Airlines, including Delta, often release discounted fares early in the week, making mid-week the ideal time to find deals. Booking at least 6–8 weeks in advance also helps secure better prices.
”
”
Thomas Hardy (Far from the Madding Crowd / The Mayor of Casterbridge)
“
One thing my father taught me,” he told her quietly, “is that everyone has their price. From the highest to the lowest, we will all bargain. It’s just a matter of finding what yours is.
”
”
Jayne Castel (Dawn of Wolves (Kingdom of Mercia #3))
“
Speculation does not determine prices; it has to accept the prices that are determined in the market. I ts efforts are directed to correctly estimating future price-situations, and to acting accordingly. The influence of speculation cannot alter the average level of prices over a given period; what it can do is to diminish the gap between the highest and the lowest prices.
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
The “German problem” after 1970 became how to keep up with the Germans in terms of efficiency and productivity. One way, as above, was to serially devalue, but that was beginning to hurt. The other way was to tie your currency to the deutsche mark and thereby make your price and inflation rate the same as the Germans, which it turned out would also hurt, but in a different way.
The problem with keeping up with the Germans is that German industrial exports have the lowest price elasticities in the world. In plain English, Germany makes really great stuff that everyone wants and will pay more for in comparison to all the alternatives. So when you tie your currency to the deutsche mark, you are making a one-way bet that your industry can be as competitive as the Germans in terms of quality and price. That would be difficult enough if the deutsche mark hadn’t been undervalued for most of the postwar period and both German labor costs and inflation rates were lower than average, but unfortunately for everyone else, they were. That gave the German economy the advantage in producing less-than-great stuff too, thereby undercutting competitors in products lower down, as well as higher up the value-added chain. Add to this contemporary German wages, which have seen real declines over the 2000s, and you have an economy that is extremely hard to keep up with. On the other side of this one-way bet were the financial markets. They looked at less dynamic economies, such as the United Kingdom and Italy, that were tying themselves to the deutsche mark and saw a way to make money.
The only way to maintain a currency peg is to either defend it with foreign exchange reserves or deflate your wages and prices to accommodate it. To defend a peg you need lots of foreign currency so that when your currency loses value (as it will if you are trying to keep up with the Germans), you can sell your foreign currency reserves and buy back your own currency to maintain the desired rate. But if the markets can figure out how much foreign currency you have in reserve, they can bet against you, force a devaluation of your currency, and pocket the difference between the peg and the new market value in a short sale.
George Soros (and a lot of other hedge funds) famously did this to the European Exchange Rate Mechanism in 1992, blowing the United Kingdom and Italy out of the system. Soros could do this because he knew that there was no way the United Kingdom or Italy could be as competitive as Germany without serious price deflation to increase cost competitiveness, and that there would be only so much deflation and unemployment these countries could take before they either ran out of foreign exchange reserves or lost the next election. Indeed, the European Exchange Rate Mechanism was sometimes referred to as the European “Eternal Recession Mechanism,” such was its deflationary impact. In short, attempts to maintain an anti-inflationary currency peg fail because they are not credible on the following point: you cannot run a gold standard (where the only way to adjust is through internal deflation) in a democracy.
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”
Mark Blyth (Austerity: The History of a Dangerous Idea)
“
The common complaint, that luxury extends itself even to the lowest ranks of the people, and that the labouring poor will not now be contented with the same food, clothing, and lodging, which satisfied them in former times, may convince us that it is not the money price of labour only, but its real recompense, which has augmented. Is this improvement in the circumstances of the lower ranks of the people to be regarded as an advantage, or as an inconveniency, to the society?
”
”
Adam Smith (The Wealth of Nations)
“
the best prices are not the highest prices, but the prices that encourage the largest volume of production and the largest volume of sales. The best wage rates for labor are not the highest wage rates, but the wage rates that permit full production, full employment and the largest sustained payrolls. The best profits, from the standpoint not only of industry but of labor, are not the lowest profits, but the profits that encourage most people to become employers or to provide more employment than before.
”
”
Henry Hazlitt (Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics)
“
The Third Reich made it its mission to use the authority of the state to coordinate efforts within industry to devise standardized and simplified versions of key consumer commodities. These would then be produced at the lowest possible price, enabling the German population to achieve an immediate breakthrough to a higher standard of living. The epithet which was generally attached to these products was Volk: the Volksempfaenger (radio), Volkswohnung (apartments), Volkswagen, Volkskuehlschrank (refrigerator), Volkstraktor (tractor).34 This list contains only those products that enjoyed the official backing of one or more agencies in the Third Reich. Private producers, however, had long appreciated that the term ‘Volk’ had good marketing potential, and they, too, joined the bandwagon. Amongst the various products they touted were Volks-gramophone (people’s gramophone), Volksmotorraeder (people’s motorbikes) and Volksnaehmaschinen (people’s sewing machines). In fact, by 1933 the use of the term ‘Volk’ had become so inflationary that the newly established German advertising council was forced to ban the unlicensed use of the term.
”
”
Adam Tooze (The Wages of Destruction: The Making and Breaking of the Nazi Economy)
“
Under bilateral competition, market-price is determined within a range whose upper limit is set by the valuations of the lowest bidder among the actual buyers and the highest offerer among the excluded would-be sellers, and whose lower limit is set by the valuations of the lowest offerer among the actual sellers and the highest bidder among the excluded would-be buyers.
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
For her, being an American was loathing America, but loving America was something he could not let go of any more than he could let go of loving his father and his mother, any more than he could have let go of his decency. How could she "hate" this country when she had no conception of this country? How could a child of his be so blind as to revile the "rotten system" that had given her own family every opportunity to succeed? To revile her "capitalist" parents as though their wealth were the product of anything other than the unstinting industry of three generations. The men of three generations, including even himself, slogging through the slime and stink of a tannery. The family that started out in a tannery, at one with, side by side with, the lowest of the low - now to her "capitalist dogs." There wasn't much difference and she knew it, between hating America and hating them. He loved the America she hated and blamed for everything that was imperfect in life and wanted violently to overturn, he loved the "bourgeois values" she hated and ridiculed and wanted to subvert, he loved the mother she hated and had all but murdered by doing what she did. Ignorant fucking bitch! The price they had paid! Why shouldn't he tear up this Rita Cohen letter? They were back! The sadistic mischief-makers with their bottomless talent for antagonism who had extorted from him the Audrey Hepburn scrapbook, the stuttering diary, and the ballet shoes, these delinquent young brutes calling themselves "revolutionaries" who had so viciously played with his hopes five years back had decided the time had again rolled around to laugh at Swede Levov.
”
”
Philip Roth (American Pastoral)
“
But I’m going to say it again anyway: the secret of successful retailing is to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience.
”
”
Sam Walton (Sam Walton: Made In America)
“
The age-old trick of transfer pricing
Taking advantage of the fact that they operate in countries with different tax rates, TNCs [transnational corporations] have their subsidiaries over-charge or under-charge each other – sometimes grossly – so that profits are highest in those subsidiaries operating in countries with the lowest corporate tax rates. In this way, their global post-tax profit is maximized.
A 2005 report by Christian Aid, the development charity, documents cases of under-priced exports like TV antennas from China at $0.40 apiece, rocket launchers from Bolivia at $40 and US bulldozers at $528 and over-priced imports such as German hacksaw blades at $5,485 each, Japanese tweezers at $4,896 and French wrenches at $1,089. The Starbucks and Google cases were different from those examples only in that they mainly involved ‘intangible assets’, such as brand licensing fees, patent royalties, interest charges on loans and in-house consultancy (e.g., coffee quality testing, store design), but the principle involved was the same.
When TNCs evade taxes through transfer pricing, they use but do not pay for the collective productive inputs financed by tax revenue, such as infrastructure, education and R&D. This means that the host economy is effectively subsidizing TNCs.
”
”
Ha-Joon Chang (Economics: The User's Guide)
“
An attempt is sometimes made to demonstrate the desirability of measures directed against speculation by reference to the fact that there are times when there is nobody in opposition to the bears in the foreign-exchange market so that they alone are able to determine the rate of exchange. That, of course, is not correct. Yet it must be noticed that speculation has a peculiar effect in the case of a currency whose progressive depreciation is to be expected while it is impossible to foresee when the depreciation will stop, if at all. While, in general, speculation reduces the gap between the highest and lowest prices without altering the average price-level, here, where the movement will presumably continue in the same direction, this naturally can not be the case. The effect of speculation here is to permit the fluctuation, which would otherwise proceed more uniformly, to proceed by fits and starts with the interposition of pauses.
”
”
Ludwig von Mises (The Theory of Money and Credit)
“
Implicit in this was humanity. With it, the base of survival emerged - A magnificent ethic: The highest command is in terms of the species. The next is survival of group. The lowest of three is survival of self. All good and all evil, all morals, all progress, depend on this order of basic commands. To survive for the self at the price of the group is to jeopardize species. For a group to survive at the price of the species is manifest suicide. Here is the essence of good and of greed and a wellspring of justice for all of mankind.
”
”
Theodore Sturgeon (The Dreaming Jewels)
“
Implicit in this was humanity. With it, the base of survival emerged - A magnificent ethic: The highest command is in terms of the species. The next is survival of group. The lowest of three is survival of self. All good and all evil, all morals, all progress, depend on this order of basic commands. To survive for the self at the price of the group is to jeopardize species. For a group to survive at the price of the specifies is manifest suicide. Here is the essence of good and of greed and a wellspring of justice for all of mankind.
”
”
Theodore Sturgeon (The Dreaming Jewels)
“
The explosion of energy prices—thanks to a bubble that Western banks and perhaps some foreign SWFs had a big hand in creating—led to Americans everywhere feeling increased financial strain. Tax revenue went down in virtually every state in the country. In fact, the correlation between the rising prices from the commodities bubble and declining tax revenues is remarkable. According to the Rockefeller Institute, which tracks state revenue collection, the rate of growth for state taxes hit its lowest point in five years in the first quarter of 2008, which is when oil began its surge from around $75 to $149 a barrel.
”
”
Matt Taibbi (Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America)
“
This was his glory and his guilt-- that he let them teach him to feel guilty of his glory, to accept the part of a sacrificial animal and, in punishment for the sin of intelligence, to perish on the altars of the brutes. The tragic joke of human history is that on any of the altars men erected, it was always man whom they immolated and the animal whom they enshrined. It was always the animal's attributes, not man's, that humanity worshipped: the idol of instinct and the idol of force--the mystics and the kings-- the mystics, who longed for an irresponsible consciousness and ruled by means of the claim that their dark emotions were superior to reason, that knowledge cam in blind, causeless fits, blindly to be followed, not doubted-- the kings, who ruled by means of claws and muscles, with conquest as their method and looting as their aim, with a club or a gun as sole sanction of their power. The defenders of man's soul were concerned with his feelings, and the defenders of man's body were concerned with his stomach-- but both were united against his mind. Yet no one, not the lowest of humans, is ever able fully to renounce his brain. No one has ever believed in the irrational; what they do believe in is the unjust. Whenever a man denounces the mind, it is because his goal is of a nature the mind would not permit him to confess. When he preaches contradictions, he does so in the knowledge that someone will accept the burden of the impossible, someone will make it work for him at the price of his own suffering or life; destruction is the price of any contradiction. It is the victims who made injustice possible. It is the men of reason who made it possible for the rule of the brute to work. The despoiling of reason has been the motive of every anti-reason creed on earth. The despoiling ability has been the purpose of every creed that preached self-sacrifice.
”
”
Ayn Rand (Atlas Shrugged)
“
The market is the first force that has led to the shriveling of citizenship. The classic case is the Wal-Mart effect. A town has a Main Street of small businesses and mom-and-pop shops. The shopkeepers and their customers have relationships that are not just about economic transactions but are set in a context of family, neighborhood, people, and place. Then Wal-Mart comes to town. It offers lower prices. It offers convenience. Because of its scale and might in the marketplace, it can compensate its workers stingily and drive out competition. The presence of Wal-Mart leads the townspeople to think of themselves primarily as consumers, and to shed other aspects of their identities, like being neighbors or parishioners or friends. As consumers first, they gravitate to the place with the lowest prices. Wal-Mart thrives. The small businesses struggle and lay off workers. They cut back on their sponsorship of tee ball, their support of the food bank. As the mom-and-pops give way to the big box, and commutes become necessary, lives become more frenetic and stressful. People see each other less often. The sense of mutual obligation that townsfolk once shared starts to evaporate. Microhabits of caring and sociability fall away. In this tableau of libertarian citizenship, market forces triumph and everyone gets better deals—yet everyone is now in many senses poorer.
”
”
Eric Liu (The Gardens of Democracy: A New American Story of Citizenship, the Economy, and the Role of Government)
“
You often find this difference between different types of investors. Some will tell you that all the value is in driving down the price you pay as low as possible. These investors revel in the transaction itself, in playing with the deal terms, in beating up their opponent at the negotiating table. That has always seemed short term to me. What that thinking ignores is all the value you can realize once you own an asset: the improvements you can make, the refinancing you can do to improve your returns, the timing of your sale to make the most of a rising market. If you waste all your energy and goodwill in pursuit of the lowest possible purchase price and end up losing the asset to a higher bidder, all that future value goes away. Sometimes it’s best to pay what you have to pay and focus on what you can then do as an owner. The returns to successful ownership will often be much higher than the returns on winning a one-off battle over price. At the price I suggested, I calculated that we would lock in a 16 percent annual yield.
”
”
Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
“
What days are American flights cheapest?
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The cheapest days to fly are Tuesdays, Wednesdays, and Saturdays +1(833)829-6484. Q3: How far in advance should I book a American Airlines ticket for the best price? For domestic flights, book 3-6 weeks ahead. For international flights, book 2-4 months in advance.
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William Golding
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Is there a difference in the amount donated—based on the "suggested donation" you list? Desmet (1999 ["Asking for Less to Obtain More." Journal of Marketing Research, 29(4), 430–440.]) found it depends on which suggestions you manipulate. Suppose you have the following "suggested donations":
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•$30
•$50
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Desmet's research suggests that changing the $30, $50, or $75 will have little effect, but raising the top or the bottom number will have significant results.
In his research, raising the top number led to overall larger donations. Strangely, raising the bottom number led to significantly lower response rates. Why would raising the $15 cause fewer people to donate? The dropoff came from previous donors who had contributed a small amount. Desmet cites an "aversion to the extremes," whereby donors do not want to contribute the smallest or the largest amount on the list.
So adding a $125 choice would increase the number of people who donate $100. But if the lowest number shown becomes $30, then people who donated $30 before would now be donating the lowest amount listed—which they don't want to do. Instead, some of them may choose not to donate.
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Marlene Jensen (Setting Profitable Prices: A Step-By-Step Guide to Pricing Strategy Without Hiring a Consultant)
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When Joe and I went to meet Goldman’s real estate team, though, we found they had a different view of the risks of this deal. Goldman wanted to bid as low as possible to avoid overpaying. For me, the biggest risk was not offering enough and missing out on a tremendous opportunity. I wanted to make sure we beat Bankers Trust’s expected bid. You often find this difference between different types of investors. Some will tell you that all the value is in driving down the price you pay as low as possible. These investors revel in the transaction itself, in playing with the deal terms, in beating up their opponent at the negotiating table. That has always seemed short term to me. What that thinking ignores is all the value you can realize once you own an asset: the improvements you can make, the refinancing you can do to improve your returns, the timing of your sale to make the most of a rising market. If you waste all your energy and goodwill in pursuit of the lowest possible purchase price and end up losing the asset to a higher bidder, all that future value goes away. Sometimes it’s best to pay what you have to pay and focus on what you can then do as an owner. The returns to successful ownership will often be much higher than the returns on winning a one-off battle over price.
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Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
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Well, forgive the fuck out of me for being shocked senseless when I realized he wasn’t dead. Why didn’t you tell me he was the beast, Ryodan? Why did we have to kill him? I know it’s not because he can’t control himself when he’s the beast. He controlled himself last night when he rescued me from the Book. He can change at will, can’t he? What happened in the Silvers? Does the place have some kind of effect on you, make you uncontrollable?”
I almost slapped myself in the forehead. Barrons had told me that the reason he tattooed himself with black and red protection runes was because using dark magic called a price due, unless you took measures to protect yourself against the backlash. Did using IYD require the blackest kind of magic to make it work? Would it grant his demand to magically transport him to me no matter where I was but devolve him into the darkest, most savage version of himself as the price?
“It was because of how he got there, wasn’t it?” I said. “The spell you two worked sent him to me like was it was supposed to, but the cost was that it turned him into the lowest common denominator of himself. An insane killing machine. Which he figured was all right, because if I was dying, I’d probably need a killing machine around. A champion to show up and decimate all my enemies. That was it, wasn’t it?”
Ryodan had gone completely still. Not a muscle twitched. I wasn’t sure he was breathing.
“He knew what would happen if I pressed IYD, and he made plans with you to handle it.” That was Barrons, always thinking, always managing risks where I was concerned. “He tattooed me so he would sense his mark on me and not kill me. And you were supposed to track him—that’s why you both wear those cuffs, so you can find each other—and kill him so he’d come back as the man form of himself, and I’d never be any wiser. I’d get rescues and have no clue it was Barrons who’d done it or that he sometimes turns into a beast. But you screwed up. And that’s what he was mad at you about this morning on the phone. It was your failure to kill him that let the cat out of the bag.”
A tiny muscle twitched in his jaw. He was pissed. I was definitely right.
“He can always circumvent the price of black magic,” I marveled. “When you kill him, he comes back exactly the same as before, doesn’t he? He could tattoo his whole body with protection runes and, when he ran out of skin, kill himself so he could come back with a clean slate, to start all over.” That was why his tattoos weren’t always the same. “Talk about your ultimate get-out-of-jail-free card! And if you hadn’t botched the plan, I would never have known. It’s your fault I know, Ryodan. I think that means it’s not me you should kill, it’s yourself. Oh, gee, wait,” I said sarcastically, “that wouldn’t work, would it?
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Benjamin Graham (The Intelligent Investor)
“
You can disrupt a behavior you don’t want by removing the prompt. This isn’t always easy, but removing the prompt is your best first move to stop a behavior from happening. A few years ago I went to the South by Southwest conference in Austin, Texas. I walked into my hotel room and threw my bag on the bed. When I scanned the room, I saw something on the bureau. “Oh nooooo,” I said out loud to absolutely no one. There was an overflowing basket of goodies. Pringles. Blue chips. A giant lollipop. A granola bar. Peanuts. I try to eat healthy foods, but salty snacks are delicious. I knew the goody bin would be a problem for me at the end of every long day. It would serve as a prompt: Eat me! I knew that if the basket sat there I would eventually cave. The blue chips would be the first to go. Then I would eat those peanuts. So I asked myself what I had to do to stop this behavior from happening. Could I demotivate myself? No way, I love salty snacks. Can I make it harder to do? Maybe. I could ask the front desk to raise the price on the snacks or remove them from the room. But that might be slightly awkward. So what I did was remove the prompt. I put the beautiful basket of temptations on the lowest shelf in the TV cabinet and shut the door. I knew the basket was still in the room, but the treats were no longer screaming EAT ME at full volume. By the next morning, I had forgotten about those salty snacks. I’m happy to report that I survived three days in Austin without opening the cabinet again. Notice that my one-time action disrupted the behavior by removing the prompt. If that hadn’t worked, there were other dials I could have adjusted—but prompts are the low-hanging fruit of Behavior Design. Teaching the Behavior Model Now that you’ve seen how my Behavior Model applies to various types of behavior, I’ll show you more ways to use this model in the pages that follow.
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B.J. Fogg (Tiny Habits: The Small Changes That Change Everything)
“
What is certain is that the immutable classes, the nobility, the clergy, the bourgeoisie, the people, had loftier souls at that time. You can prove it: society has done nothing but deteriorate in the four centuries separating us from the Middle Ages.
"True, a baron then was usually a formidable brute. He was a drunken and lecherous bandit, a sanguinary and boisterous tyrant, but he was a child in mind and spirit. The Church bullied him, and to deliver the Holy Sepulchre he sacrificed his wealth, abandoned home, wife, and children, and accepted unconscionable fatigues, extraordinary sufferings, unheard-of dangers.
"By pious heroism he redeemed the baseness of his morals. The race has since become moderate. It has reduced, sometimes even done away with, its instincts of carnage and rape, but it has replaced them by the monomania of business, the passion for lucre. It has done worse. It has sunk to such a state of abjectness as to be attracted by the doings of the lowest of the low.
...cupidity was repressed by the confessor, and the tradesman, just like the labourer, was maintained by the corporations, which denounced overcharging and fraud, saw that decried merchandise was destroyed, and fixed a fair price and a high standard of excellence for commodities. Trades and professions were handed down from father to son. The corporations assured work and pay. People were not, as now, subject to the fluctuations of the market and the merciless capitalistic exploitation. Great fortunes did not exist and everybody had enough to live on. Sure of the future, unhurried, they created marvels of art, whose secret remains for ever lost.
"All the artisans who passed the three degrees of apprentice, journeyman, and master, developed subtlety and became veritable artists. They ennobled the simplest of iron work, the commonest faience, the most ordinary chests and coffers. Those corporations, putting themselves under the patronage of Saints—whose images, frequently besought, figured on their banners—preserved through the centuries the honest existence of the humble and notably raised the spiritual level of the people whom they protected.
...The bourgeoise has taken the place forfeited by a wastrel nobility which now subsists only to set ignoble fashions and whose sole contribution to our 'civilization' is the establishment of gluttonous dining clubs, so-called gymnastic societies, and pari-mutuel associations. Today the business man has but these aims, to exploit the working man, manufacture shoddy, lie about the quality of merchandise, and give short weight.
...There is one word in the mouths of all. Progress. Progress of whom? Progress of what? For this miserable century hasn't invented anything great.
"It has constructed nothing and destroyed everything...
”
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Joris-Karl Huysmans (Là-Bas (Down There))
“
Daoist Ordination – Receiving a valid “Lu” 收录 Register
Since returning to the US, and living in Los Angeles, many (ie, truly many) people have come to visit my office and library, asking about Daoist "Lu" 录registers, and whether or not they can be purchased from self declared “Daoist Masters” in the United States. The Daoist Lu register and ordination ritual can only be transmitted in Chinese, after 10+ years of study with a master, learning how to chant Zhengyi or Quanzhen music and liturgy, including the Daoist drum, flute, stringed instruments, and mudra, mantra, and visualization of spirits, where they are stored in the body, how they are summoned forth, for which one must be able to use Tang dynasty pronunciation of classical Chinese texts, ie “Tang wen” 唐文, to be effective and truly transmitted. Daoist meditation and ritual 金录醮,黄录斋 must all be a part of one's daily practice before going to Mt Longhu Shan and passing the test, which qualifies a person for one of the 9 grades of ordination (九品) the lowest of which is 9, highest is 1; grades 6 and above are never taught at Longhu Shan, only recognized in a "test", and awarded an appropriate grade ie rank, or title.
Orthodox Longhu Shan Daoists may only pass on this knowledge to one offspring, and one chosen disciple, once in a lifetime, after which they must "pass on" (die) or be "wafted to heaven." Longmen Quanzhen Daoists, on the other hand, allow their knowledge to be transmitted and practiced, in classical Chinese, after living in a monastery and daily practice as a monk or nun.
“Dao for $$$” low ranking Daoists at Longhu Shan accept money from foreign (mostly USA) commercial groups, and award illegitimate "licenses" for a large fee. Many (ie truly many) who have suffered from the huge price, and wrongful giving of "documents" have asked me this question, and shown me the documents they received. In all such cases, it is best to observe the warning of Confucius, "respect demonic spirits but keep a distance" 敬鬼神而遠之. One can study from holy nuns at Qingcheng shan, and Wudangshan, but it is best to keep safely away from “for profit” people who ask fees for going to Longhu Shan and receiving poorly translated English documents.
It is a rule of Daoism, Laozi Ch 67, to respect all, with compassion, and never put oneself above others. The reason why so many Daoist and Buddhist masters do not come to the US is because of this commercial ie “for profit” instead of spiritual use, made from Daoist practices which must never be sold, or money taken for teaching / practicing, in which case true spiritual systems become ineffective. The ordination manual itself states the strict rule that the highly secret talisman, drawn with the tongue on the hard palate of the true Daoist, must never be drawn out in visible writing, or shown to anyone. Many of the phony Longhu Shan documents shown to me break this rule, and are therefore ineffective as well as law breaking. Respectfully submitted, 敬上 3-28-2015
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Dan Ariely, George Loewenstein and Drazen Prelec did a study in which students were presented with a random product and asked whether they would buy it for a price equal to the last two digits of their own Social Security number.6 Although subjects were reminded that their Social Security number is essentially random, those with high numbers were willing to pay more for the products. Much more, in fact. Students with low Social Security numbers were willing to pay an average of $16.09 for a cordless keyboard. Those with the highest Social Security numbers, however, were willing to pay $55.64 on average—more than three times as much! They repeated this experiment with wireless mice, wine, books and chocolate. In most of the trials, those with the lowest Social Security numbers were only willing to pay one-third as much as those with the highest numbers. It’s amazing what a little anchoring can do.
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Dan Ariely (Hacking Human Nature for Good: A Practical Guide to Changing Human Behavior)
“
food prices in Japan are 60 per cent higher than world market prices, and the price of rice is a multiple of the world price. A sense of the extremity of the situation is given by the fact that a single apple in Japan can cost USD5. On my trip from Tokyo to Niigata, I bought apples in convenience stores in Tokyo and Chichibu for USD4 and USD3 respectively, although I balked at paying USD10 for ten strawberries.123 You know that something is wrong when a few strawberries cost what Japan’s lowest-paid temporary workers now make in an hour.
”
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Joe Studwell (How Asia Works)
“
Take the five stocks in the Dow Jones Industrial Average with the lowest stock prices and highest dividend yields. Discard the one with the lowest price. Put 40% of your money in the stock with the second-lowest price. Put 20% in each of the three remaining stocks. One year later, sort the Dow the same way and reset the portfolio according to steps 1 through 4. Repeat until wealthy.
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Benjamin Graham (The Intelligent Investor)
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The company even drew unlikely customers. From rural Arkansas, operating just five comically cheap-looking stores—a rounding error compared with the largest retailers—Sam Walton made his way to an IBM conference for retailers. While he shied away from investing anything in any emotional aspect of retailing, delivering the lowest prices meant mastering logistics and information. To one speaker at the conference, Abe Marks, modern retailing meant knowing exactly “how much merchandise is in the store? What’s selling and what’s not? What is to be ordered, marked down or replaced? . . . The more you turn your inventory, the less capital is required.” Altering his first impression, Marks found that Walton’s simpleton comportment masked his genius as a retailer, eventually calling him the “best utilizer of information that there’s ever been.” A little over two decades later, Sam Walton would become the richest man in America; he would attribute his competitive advantage to his investment in computing systems in his early days. The small-town merchant who expected that knowing his customers’ names or sponsoring the local Little League team would give him some enduring advantage simply didn’t understand the sport. American consumers, technocrats at heart, rewarded efficiency as reflected by the prices on the shelves, not the quaint sentiments of a friendly proprietor. To gain this efficiency, information systems were seen as vital.
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Bhu Srinivasan (Americana: A 400-Year History of American Capitalism)
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One might win battles and even campaigns with Sun Tzu, but it is difficult to win a war by following his principles. The reason for this is that Sun Tzu was never interested in shaping the political conditions, because he lived in an era of seemingly never-ending civil wars. The only imperative for him was to survive while paying the lowest possible price and avoiding fighting, because even a successful battle against one foe might leave one weaker when the moment came to fight the next one. Mark McNeilly emphasizes the advantages of following a strategy based on Sun Tzu’s principles for modern warfare. As always in history, if one wishes to highlight the differences to Clausewitz, the similarities between the two approaches are neglected. For example, the approach in Sun Tzu’s chapter about ‘Moving Swiftly to Overcome Resistance’ would be quite similar to one endorsed by Clausewitz and was practised by Napoleon.
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Andreas Herberg-Rothe (Clausewitz's Puzzle: The Political Theory of War)
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Only a few businesses will succeed by having the lowest price, so most will need a strategy that includes customer services.
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Influential Individuals (Bill Gates: The Life, Lessons & Rules For Success)
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Those that use only fundamental variables refer only to a company's business performance, not the relationship between that performance and its share price. Studies have sorted stocks using returns on equity or on total capital invested, growth in earnings per share, growth in assets—as opposed to sales growth—and various measures of profit margins. Companies with high marks on these variables are successful firms whose shares are inherently attractive to investors. However, consistent with the studies we discussed above, it is often the firms that ranked lowest on these measures—low returns on capital or narrow profit margins—that have tended to generate the highest future market returns.
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Bruce C. Greenwald (Value Investing: From Graham to Buffett and Beyond (Wiley Finance Book 396))
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Before we begin let’s think back to Chapter 5, where we attempted to get the following three key pieces of information from the seller or the seller’s agents: The seller’s source and level of motivation. The payoff price of the house. The seller’s stated lowest acceptable sale price.
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J. Scott (The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property (Fix-and-Flip 3))
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I’m just hostile like a crazy person who wants to gouge her eyes out when she sees grammatical errors on billboards. LOWEST PRICE’S—I can hardly stand it.
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Mary Laura Philpott (I Miss You When I Blink: Essays)
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Almost overnight discounters reversed the venerable retailing practice of offering customers precisely what they wanted. Rather, discounters offered customers what was available at the lowest possible price and positioned these goods in such a way—both physically and psychologically—as to convince customers they were getting the very best deal. The focus switched from the object to the deal: If the deal was good, the object under consideration became less critical to the transaction. Nearly half a century earlier, Frank W. Woolworth had set the stage for this parlor trick when he scoured the globe for almost anything cheap: hair ribbons, buttons, and poorly made wood-backed thermometers. Fifty years later the country had changed dramatically.
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Ellen Ruppel Shell (Cheap: The High Cost of Discount Culture)
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the secret of successful retailing is to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience. You love it when you visit a store that somehow exceeds your expectations, and you hate it when a store inconveniences you, or gives you a hard time, or just pretends you’re invisible.
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Sam Walton (Sam Walton: Made In America)
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In other words, the reasons Chinese suppliers subcontract to forced laborers lead straight to global consumers: to us and the way we buy. In our ceaseless search for the cheapest and the most current design, technology, flavor, or appliance, we reward the companies that offer the lowest prices and sell the latest trends. The most profitable retailers in every industry are the ones that meet these demands.
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Amelia Pang (Made in China: A Prisoner, an SOS Letter, and the Hidden Cost of America's Cheap Goods)
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STRATEGY 4: REFUSE TO ANSWER CERTAIN QUESTIONS. You do not need to answer every question that your counterpart asks. If he asks you to reveal your reservation value, for example, you should not feel compelled to answer. Suppose that the other party asks, “What’s the lowest price you will accept for this shipment?” One way to respond, and to defuse the awkward moment with humor, is to say: “I think you already know the answer—it happens to be the most you are willing to pay for it!” More generally, it is often acceptable to respond to a question that you do not wish to answer with one of the following remarks: • “This is a discussion that we can have later on, once we have both committed to the deal. I don’t feel comfortable divulging this information at the moment.” • “As you undoubtedly understand, we cannot share that information for strategic reasons.” • “The answer to your question depends on many other factors that we need to discuss.
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Deepak Malhotra (Negotiation Genius: How to Overcome Obstacles and Achieve Brilliant Results at the Bargaining Table and Beyond)
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Woolworth’s and similar chains such as S. S. Kresge Company and W. T. Grant focused on offering the absolutely lowest price even if it meant things would need replacing a lot sooner than they once did. This pushed hard against the American tradition of frugality, where price was only one consideration. Historically, Americans sought durable long-lasting goods that they could pass among themselves and down to their children. Shoes were reheeled, socks darned, and hems let out to fit generations of brothers and sisters. Discounters gave the common man and woman the opportunity to eschew the cobbler and the darning needle, to break in a brand-new pair of shoes or socks when their toes poked through the old ones. Discounters made ordinary folks feel rich by putting a wide selection of goods within easy reach of all but the most meager budgets. Someone had to pay, of course, but that someone need not be the customer.
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Ellen Ruppel Shell (Cheap: The High Cost of Discount Culture)
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In a freely competitive market, one might have expected the lowest-cost oil supplies to be developed first to the highest degree possible while higher-cost resources would be abandoned until depletion of cheap oil made room for them at a higher price point. Under this kind of competitive structure, Saudi Arabia, Iraq, and the other Gulf producers, whose lowest-cost reserves represent two-thirds of proven world reserves, could have increased their levels of investment and produced a vastly higher amount of oil. Instead, OPEC generally tried to hold oil prices up to maximize revenues over two years. In effect, OPEC had to choose between higher prices or higher market share. They chose the former. The New York University energy economist Dermot Gately noted in a 2004 paper that it was not in OPEC’s collective interests to meet rising demand for oil. He calculated that it made no sense for the cartel to add oil supplies into the market because the marginal gain in revenue from more output would be negative.
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Amy Myers Jaffe (Energy's Digital Future: Harnessing Innovation for American Resilience and National Security (Center on Global Energy Policy Series))
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Ask the Most Important Question The information we’ve gathered on motivation and property payoff amount are likely enough to allow us to generate a reasonable opening price bid. But, given that we’re great negotiators, there’s one more tactic that will often provide an even clearer picture of the seller’s minimum acceptable price. And that’s asking the seller flat out, “What is the lowest price you’d accept?” Now, you may be thinking that’s a bit too direct and any reasonable seller is going to be unlikely to give you an honest answer. And I’d agree with you. But if you phrase that same question just a little bit differently, you can get the information you’re looking for, while at the same time sending the message to the seller that she’d benefit from answering the question. Instead, what if we asked the question: Investor: “If I were to offer you all cash and close as quickly as you’d like, what is the best price you could give me in return?” Do you see what we just did there?
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J. Scott (The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property (Fix-and-Flip 3))
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Sworbreck was dealing with the baker first. He was a chubby man, which made him look guilty of eating well, and he was sweating profusely, which made him look guilty of being warm, both of them capital crimes in this lean winter of the Great Change.
“I been a baker twenty years,” he was saying. “My father was a baker.”
“Hoarders!” someone screamed.
“Take ’em to the Tower!”
“Take ’em all!”
The Styrian woman clutched her face with her hands as if she wanted to crush it between them. “Mercy!” she blubbed. “Mercy!”
The court was not without it. Judge was the voice of the mob. She was their bitter rage, their envy and their greed, but she was also their sentimental forgiveness. When the mood turned for some well-spoken old man, some innocent-looking young woman, first Judge’s chin would crinkle, then her lower lip would tremble, then her black eyes would well with tears. Sometimes she would vault from behind the High Table, kiss the accused, clasp their head to her rusted breastplate. Then they would be embraced by weeping guards, applauded on their way out of the hall while songs were sung and slogans chanted, free Citizens and Citizenesses, enemies no more!
Perhaps Judge liked seeing the hope in the eyes of the accused, so she could see it crushed. Perhaps she truly believed she was doing the good work and rejoiced in those righteously acquitted as much as those rightfully convicted. Perhaps—surely the most terrible possibility of all—she was doing the good work, and somehow he could not see it.
The baker was trying to defend himself, but how to prove false what was self-evidently absurd? “I charged the lowest prices I could and still stay in business! But flour’s gone up so high—”
“And so we come to you!” roared Sworbreck at the miller. He was bony and severe, with a habit of peering up shiftily from under his brows that did him no favours.
“There was a poor harvest!” he barked out. “Now the cold weather’s frozen the canals, snarled up the roads. It’s hard to get goods into the city.”
“Ah, so the government is to blame?” Sworbreck spread his arms towards the benches behind the dock, where the Representatives gravely shook their heads at such a slander. “And since the government consists of those chosen by the people…” Sworbreck leaned back, raised his arms to the balconies. “The people are to blame?
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Joe Abercrombie (The Wisdom of Crowds (The Age of Madness, #3))
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For wholesale purposes grading is important for pricing of fruit. The Agricultural Marketing Service of the USDA is responsible for the grading standards. These grades are:Δ U.S. Fancy Premium produce U.S. No. 1 Chief trading grade U.S. No. 2 Intermediate quality grade U.S. No. 3 Lowest commercially useful grade
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Ruby Parker Puckett (Foodservice Manual for Health Care Institutions (J-B AHA Press Book 150))
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The pressure on life businesses and the capital fears prompted by the 2008 crisis have prompted the industry to build bigger capital cushions and cut costs. This has left insurers in a relatively good position. Investors have enjoyed decent dividends with payouts increasing by a cumulative 70% since 2009, according to FactSet. For shareholders, the risks to returns from life insurance have, so far, been balanced by earnings from nonlife insurance and asset management. Germany’s Allianz has U.S. bond house Pacific Investment Management Co. and nonlife insurance businesses, like property and casualty cover, around the world. Pimco has done well as interest rates declined and bond prices rose, but is expected to suffer once rates rise again—especially since founder Bill Gross walked out. France’s Axa similarly has global nonlife businesses and a large investment manager. However, these businesses ultimately will suffer from low investment returns. In nonlife, insurers can combat this with tougher underwriting standards. But demand for property-type insurance also suffers in a slower economy. Allianz has the lowest financial leverage of the big-three eurozone life insurers, and so has more flexibility to look for higher returns abroad. It also has a substantial general insurance business in the U.S., where rates should head higher sooner, and a higher expected dividend yield than France’s Axa or Italy’s Generali for this year and next.
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Anonymous
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In the search for a new superintendent, the Massachusetts Association of School Committees gave the lowest price for a search service. The $12,000 price tag includes resume screening, focus group discussions and interviews to help the district sort through applicants. Another $8,000 could be used for ads that district policy dictates should be run in the Boston Globe and The Sun.
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Anonymous
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The one that’s really new is the lowest-priced, too!” In the more rarefied sectors of Madison Avenue, a resort to rhymed slogans is usually regarded as an indication of artistic depravity induced by commercial necessity. From
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John Brooks (Business Adventures: Twelve Classic Tales from the World of Wall Street)
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Oh, and another change from your system: our prisons are now privately owned and operated.” “Really?” West asked, frowning. “I thought governments in my time experimented with privatizing prisons and it didn’t work very well.” “That’s because those prisons weren’t really ‘private.’ They were still paid for by government tax dollars and operated as government-enforced monopolies. They didn’t have to compete to provide the best service at the best price. Of course they were almost as inefficiently-run as ones operated directly by government. “Now criminals can choose the prison they wish to live in, and must pay the costs themselves. This means that prisons compete to provide the best care at the lowest prices. They cannot abuse prisoners without being sued and going out of business, and they cannot overcharge or no one will choose their services.
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Beth Cody (Looking Backward: 2162-2012 A View from a Future Libertarian Republic)
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singing in the old-fashioned language of this good-hearted man, who sold us Hope at the lowest possible price,
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Alain Mabanckou (Black Moses)
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Thirteen million Negroes in America have never known three of the “Four Freedoms” which America is supposedly spreading to the rest of the world. “Freedom from want” is a mockery to Negroes when they are last to be hired and first to be fired; when so many usually obtain only domestic work of short duration: when their wages are the lowest and their rents and food prices the highest. “Freedom from fear” is a myth to Negroes when they have no recourse against the “righteous” Southern citizenry who periodically find excuses to hold lynching parties; against the Northern citizenry who magnify every petty theft into a crime wave; or against those military police whose trigger fingers itch to soil a Negro soldier’s uniform with blood. “Freedom of speech” is meaningless to millions of Negroes who are kept in enforced ignorance and illiteracy by the most meager educational facilities in the South and who are sent to the most crowded schools in the North, so that throughout the country, 2,700,000 Negroes (or more than twenty per cent of the total Negro population) have had no schooling beyond the fourth grade. “Freedom of religion” is the only one of the “four freedoms” for the Negro which the ruling class has encouraged. The latter has hoped to keep Negroes satisfied by sky-pilots, saturated with spirituals, shouting for peace and security in another world and therefore content with their misery in this world. 47
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Stephen M. Ward
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The eugenics roots of minimum wage laws. Excerpt from *Principles of Economics*(1911) by Frank Taussig:
"We have not reached the stage where we can proceed to chloroform them once and for all; but at least they can be segregated, shut up in refuges and asylums, and prevented from propagating their kind.... What are the possibilities of employing at the prescribed wages all the healthy able-bodied who apply? The persons affected by such legislation would be those in the lowest economic and social group. The wages at which they can find employment depend on the prices at which their product will sell in the market; or in the technical language of modern economics, on the marginal utility of their services. All those whose additional product would so depress prices that the minimum could no longer be paid by employers would have to go without employment. It might be practicable to prevent employers from paying any one less than the minimum; though the power of law must be very strong indeed, and very rigidly exercised, in order to prevent the making of bargains which are welcome to both bargainers.
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Frank William Taussig
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Logistics is in fact a key aspect of military planning, and Cook is responsible for Apple’s operational excellence. For example, when Apple knew it would move away from disk drives in its iPods and MacBook Air notebooks, it invested in billion-dollar forward purchases of flash memory. Cook’s supply-chain organization executed this masterstroke, which accomplished the trifecta of securing Apple’s supply, locking in the lowest price, and hobbling the competition’s access to components. Such back-of-the-shop excellence at a company known for its creative flair is a rare example of what researchers Charles O’Reilly of Stanford and Michael Tushman, a professor of organizational behavior at the Harvard Business School, refer to as “ambidexterity as a dynamic capability.” In other words, it reflects the ability of a top-performing company to be simultaneously efficient and innovative.
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Adam Lashinsky (Inside Apple)
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1871.—My property had been sold to Shereef's friends at merely nominal prices. Syed bin Majid, a good man, proposed that they should be returned, and the ivory be taken from Shereef; but they would not restore stolen property, though they knew it to be stolen. Christians would have acted differently, even those of the lowest classes. I felt in my destitution as if I were the man who went down from Jerusalem to Jericho, and fell among thieves; but I could not hope for Priest, Levite, or good Samaritan to come by on either side, but one morning Syed bin Majid said to me, "Now this is the first time we have been alone together; I have no goods, but I have ivory; let me, I pray you, sell some ivory, and give the goods to you." This was encouraging; but
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David Livingstone (The Last Journals of David Livingstone, in Central Africa, from 1865 to His Death: 1869-1873)
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If your client can’t beat the competitor in its area of strength, one strategic option is to refocus your client’s business on a competitor’s weakness. If the competitor sells at the lowest prices, has the lowest cost structure, and is realistically unbeatable at the low-price game, you could position your client as the high-priced, highest-quality provider instead.
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Victor Cheng (Case Interview Secrets: A Former McKinsey Interviewer Reveals How to Get Multiple Job Offers in Consulting)
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Kroger, one of the largest supermarket chains in the United States, use high–low pricing. For example, during the run-up to 2011 Thanksgiving, Kroger sold turkey cheaper than other retailers, at $0.98/pound. By providing the lowest price on the most compared product they got people to shop at their stores, and made their profit on potatoes, yams and other holiday items that were priced higher than at other retailers.
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Greg Thain (Store Wars: The Worldwide Battle for Mindspace and Shelfspace, Online and In-store)
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In some countries that I have visited, I saw that citizens are very rude and animalistic. They have no moral, no values, and no manners. They are always starring at others, judging with their eyes of ignorance and their very small conscience, they are impolite wherever you go, and their customer service is horrible. They never say sorry for anything and even offend you when you complain about their mistakes and lack of proper attitude. Besides, eating in some of these nations often reveals to be a huge disaster. Food is often rotten, and commonly comes with either hair, stones of even glass, as I have found many times. They waste money as I have never seen anywhere else and are simultaneously very abusive in prices. Their prices are high but their quality level is not even suitable for animals. They represent a waste on foreign investments. Their youngest generation is also a disaster; Extremely ignorant, without any respect or education, undeserving of any job or even trust. Nobody in his right mind should ever employ them, marry them or befriend them. Most are always trying to use their friendships to take advantage of others, especially if such people are outsiders. Their women are gold diggers and extremely promiscuous, especially towards men of other cultures, as if their pride was built on the number of sex partners they can have from the widest variety of nations from around the globe, especially if such men are wealthy. And yet, they can also show a high predisposition for racist behaviors and ignorance in what regards the planet they live in. They are, foremost, selfish, sadistic and parasitic. These countries and their people represent the lowest level of mankind. Whenever you witness what I just described, you are experiencing a country reaching its end. Move out of it while you can, for God will set on such people Divine justice as quickly as such citizens, by their immoral behavior, approach it. Many of such countries end with the loss of their sovereignty for political reasons, invasions by foreign armies, civil wars, violent revolutions, major economical collapses leading the citizens to poverty and starvation, and much more.
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Robin Sacredfire
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Price must be above $5.00 20 day Volume average must be above 100,000. On the first day of the bullish engulfing pattern, the SPY must have a 40 day MA above a 120 day MA. The ROC(252) of the stock must be above 0 on the first day of the pattern. The low of the first day of the pattern must be the lowest low in the past 20 days. If all rules are met, buy on the next day open. Apply a profit target that is 6% higher than the entry price. If the profit target is not hit….
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Llewelyn James (The Honest Guide to Candlestick Patterns: Specific Trading Strategies. Back-Tested for Proven Results.)
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