Price Decrease Quotes

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It is one of the unexpected disasters of the modern age that our new unparalleled access to information has come at the price of our capacity to concentrate on anything much. The deep, immersive thinking which produced many of civilization's most important achievements has come under unprecedented assault. We are almost never far from a machine that guarantees us a mesmerizing and libidinous escape from reality. The feelings and thoughts which we have omitted to experience while looking at our screens are left to find their revenge in involuntary twitches and our ever-decreasing ability to fall asleep when we should.
Alain de Botton (Religion for Atheists: A Non-Believer's Guide to the Uses of Religion)
the introduction of the printing press in the fifteenth century caused a 340-fold decrease in the price of a book, further driving adoption and yet more demand.
Mustafa Suleyman (The Coming Wave: Technology, Power, and the Twenty-first Century's Greatest Dilemma)
The obsession with security at any price petrifies us, and we increase our fear by trying to eliminate risk. That is what is ridiculous about the great outcries in the media: we wake up in order to demand more passivity, a better protected life. The challenge is not only to decrease the amount of space the media devote to hazards but also to increase our ability to resist misfortunes. To augment our endurance rather than our panic.
Pascal Bruckner (Fanaticism of the Apocalypse: Save the Earth, Punish Human Beings)
When the Starbursts cost a cent apiece, the average number of candies per customer was 3.5, but when the price went down to zero, the average went down to 1.1 per customer. The students limited themselves to a large degree when the candy was free. In fact, almost all the students applied a very simple social-norm rule in this situation—they politely took one and only one Starburst. ... What these results mean is that when price is not a part of the exchange, we become less selfish maximizers and start caring more about the welfare of others. We saw this demonstrated by the fact that when the price decreased to zero, customers restrained themselves and took far fewer units.
Dan Ariely (Predictably Irrational: The Hidden Forces That Shape Our Decisions)
if a fundamental analysis of a company reveals that it is currently overvalued, its stock price will likely gradually decrease
Ernest P. Chan (Quantitative Trading: How to Build Your Own Algorithmic Trading Business (Wiley Trading))
Increasingly better product at an ever−decreasing price.
Henry Ford (My Life And Work (The Autobiography Of Henry Ford))
Set your target price (your goal). 2.​Set your first offer at 65 percent of your target price. 3.​Calculate three raises of decreasing increments (to 85, 95, and 100 percent). 4.​Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer. 5.​When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight. 6.​On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit.
Chris Voss (Never Split the Difference: Negotiating As If Your Life Depended On It)
The United States was the most unequal of the advanced industrial countries in the mid-1980s, and it has maintained that position.92 In fact, the gap between it and many other countries has increased: from the mid-1980s France, Hungary, and Belgium have seen no significant increase in inequality, while Turkey and Greece have actually seen a decrease in inequality. We are now approaching the level of inequality that marks dysfunctional societies—it is a club that we would distinctly not want to join, including Iran, Jamaica, Uganda, and the Philippines.93 Because we have so much inequality, and
Joseph E. Stiglitz (The Price of Inequality: How Today's Divided Society Endangers Our Future)
Only a few of us retain a childlike wonder throughout our lives. A typical life’s journey is one with increasing knowledge but decreasing mental and physical adaptability. Our mindset unknowingly gets trapped in conceptions and categories that we create. As Aristotle observed, as we grow older, we aspire to nothing great and exalted and crave the mere necessities and comforts of existence. Age is a very high price to pay for maturity.
Ted Chu (Human Purpose and Transhuman Potential: A Cosmic Vision of Our Future Evolution)
that the power of technology will keep increasing, while the price for this power will keep decreasing. With Moore’s Law proving to be a reality, it is easier to understand the recent price increases of stocks in the technology sector. Tacking onto this price increase is the realization that perhaps never before have we had this confluence of events: a technological revolution that is industrial revolution sized, and a new type of stock market to trade the stocks, which is the Nasdaq market. This is a major story. This book covers
Max Isaacman (The Nasdaq Investor)
Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all.
Ludwig von Mises (The Theory of Money and Credit (Liberty Fund Library of the Works of Ludwig von Mises))
1.​Set your target price (your goal). 2.​Set your first offer at 65 percent of your target price. 3.​Calculate three raises of decreasing increments (to 85, 95, and 100 percent). 4.​Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer. 5.​When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight. 6.​On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit.
Chris Voss (Never Split the Difference: Negotiating As If Your Life Depended On It)
If you do not speak, you are not being neutral, but are contributing to the success of the thing you refuse to name and condemn. Contrarily, it follows that those who speak out make it easier for others to speak out. Just as cowardice begets cowardice, courage begets courage. When we speak out, we inevitably encourage others to speak out along with us, decreasing the price of speaking out. So there is no way to remain neutral in such situations. Either we help evil, or we fight evil. Either we speak and thereby help others to speak the truth, or we cower in silence and thereby lead others to do the same.
Eric Metaxas
1.​Set your target price (your goal). 2.​Set your first offer at 65 percent of your target price. 3.​Calculate three raises of decreasing increments (to 85, 95, and 100 percent). 4.​Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer. 5.​When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight. 6.​On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit. The genius of this system is that it incorporates the psychological tactics we’ve discussed—reciprocity, extreme anchors, loss aversion, and so on—without you needing to think about them.
Chris Voss (Never Split the Difference: Negotiating As If Your Life Depended On It)
Furthermore, to the same degree in which the division of labour increases, is the labour simplified. The special skill of the labourer becomes worthless. He becomes transformed into a simple monotonous force of production, with neither physical nor mental elasticity. His work becomes accessible to all; therefore competitors press upon him from all sides. Moreover, it must be remembered that the more simple, the more easily learned the work is, so much the less is its cost of production, the expense of its acquisition, and so much the lower must the wages sink—for, like the price of any other commodity, they are determined by the cost of production. Therefore, in the same measure in which labour becomes more unsatisfactory, more repulsive, do competition increase and wages decrease.
Karl Marx (Wage-Labour and Capital & Value, Price and Profit)
The art world assumed an air of polite remove from the activities of the K Foundation from then on in, and it soon became apparent that no suitable gallery was going to host their inaugural exhibition. This was called Money: A Major Body of Cash, and largely consisted of what money the pair still had from The KLF years nailed to things. The key piece was called Nailed To The Wall, and consisted of a million pounds in fifty pound notes nailed to a board. The reserve price for this was going to be half a million pounds. The purchaser could therefore double their money by simply taking it apart. If they hung it on the wall, however, the value of the notes would decrease over time, but the value of the art might well increase. The exhibition, then, raised many thorny issues about the relationship between art and money. Or at least it would have done, if a gallery had been found to put it on.
J.M.R. Higgs (KLF: Chaos Magic Music Money)
To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of supply and demand. If the supply of any good is insufficient, and its price is too high, then demand for that good should decrease, which should lead to a decline in its price. In other words, if real estate and oil prices rise, then people should move to the country or take to traveling about by bicycle (or both). Never mind that such adjustments might be unpleasant or complicated; they might also take decades, during which landlords and oil well owners might well accumulate claims on the rest of the population so extensive that they could easily come to own everything that can be owned, including rural real estate and bicycles, once and for all.3 As always, the worst is never certain to arrive. It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar.
Thomas Piketty (Capital in the Twenty-First Century)
...I shall let [Anne] Wallace put the case herself, at what I think is necessary length: 'As travel in general becomes physically easier, faster, and less expensive, more people want and are able to arrive at more destinations with less unpleasant awareness of their travel process. At the same time the availability of an increasing range of options in conveyance, speed, price, and so forth actually encouraged comparisons of these different modes...and so an increasingly positive awareness of process that even permitted semi-nostalgic glances back at the bad old days...Then, too, although local insularity was more and more threatened...people also quite literally became more accustomed to travel and travellers, less fearful of 'foreign' ways, so that they gradually became able to regard travel as an acceptable recreation. Finally, as speeds increased and costs decreased, it simply ceased to be true that the mass of people were confined to that circle of a day's walk: they could afford both the time and the money to travel by various means and for purely recreational purposes...And as walking became a matter of choice, it became a possible positive choice: since the common person need not necessarily be poor. Thus, as awareness of process became regarded as advantageous, 'economic necessity' became only one possible reading (although still sometimes a correct one) in a field of peripatetic meanings that included 'aesthetic choice'.' It sounds a persuasive case. It is certainly possible that something like the shift in consciousness that Wallace describes may have taken place by the 'end' (as conventionally conceived) of the Romantic period, and influenced the spread of pedestrianism in the 1820s and 1830s; even more likely that such a shift was instrumental in shaping the attitudes of Victorian writing in the railway age, and helped generate the apostolic fervour with which writers like Leslie Stephen and Robert Louis Stevenson treated the walking tour. But it fails to account for the rise of pedestrianism as I have narrated it.
Robin Jarvis (Romantic Writing and Pedestrian Travel)
When we subtract two numbers, say, 9 − 6, the time that we take is directly proportional to the size of the subtracted number34—so it takes longer to perform 9 − 6 than, say, 9 − 4 or 9 − 2. Everything happens as if we have to mentally move along the number line, starting from the first number and taking as many steps as the second number: the further we have to go, the longer we take. We do not crunch symbols like a digital computer; instead, we use a slow and serial spatial metaphor, motion along the number line. Likewise, when we think of a price, we cannot help but attribute to it a fuzzier value when the number gets larger—a remnant of our primate-based number sense, whose precision decreases with number size.35 This is why, against all rationality, when we negotiate, we are ready to give up a few thousand dollars on the price of an apartment and, the same day, bargain a few quarters on the price of bread: the level of imprecision that we tolerate is proportional to a number’s value, for us just as for macaques.
Stanislas Dehaene (How We Learn: Why Brains Learn Better Than Any Machine . . . for Now)
RENEWABLE ENERGY REVOLUTION: SOLAR + WIND + BATTERIES In addition to AI, we are on the cusp of another important technological revolution—renewable energy. Together, solar photovoltaic, wind power, and lithium-ion battery storage technologies will create the capability of replacing most if not all of our energy infrastructure with renewable clean energy. By 2041, much of the developed world and some developing countries will be primarily powered by solar and wind. The cost of solar energy dropped 82 percent from 2010 to 2020, while the cost of wind energy dropped 46 percent. Solar and onshore wind are now the cheapest sources of electricity. In addition, lithium-ion battery storage cost has dropped 87 percent from 2010 to 2020. It will drop further thanks to the massive production of batteries for electrical vehicles. This rapid drop in the price of battery storage will make it possible to store the solar/wind energy from sunny and windy days for future use. Think tank RethinkX estimates that with a $2 trillion investment through 2030, the cost of energy in the United States will drop to 3 cents per kilowatt-hour, less than one-quarter of today’s cost. By 2041, it should be even lower, as the prices of these three components continue to descend. What happens on days when a given area’s battery energy storage is full—will any generated energy left unused be wasted? RethinkX predicts that these circumstances will create a new class of energy called “super power” at essentially zero cost, usually during the sunniest or most windy days. With intelligent scheduling, this “super power” can be used for non-time-sensitive applications such as charging batteries of idle cars, water desalination and treatment, waste recycling, metal refining, carbon removal, blockchain consensus algorithms, AI drug discovery, and manufacturing activities whose costs are energy-driven. Such a system would not only dramatically decrease energy cost, but also power new applications and inventions that were previously too expensive to pursue. As the cost of energy plummets, the cost of water, materials, manufacturing, computation, and anything that has a major energy component will drop, too. The solar + wind + batteries approach to new energy will also be 100-percent clean energy. Switching to this form of energy can eliminate more than 50 percent of all greenhouse gas emissions, which is by far the largest culprit of climate change.
Kai-Fu Lee (AI 2041: Ten Visions for Our Future)
The constant effort towards population, which is found to act even in the most vicious societies, increases the number of people before the means of subsistence are increased. The food therefore which before supported seven millions must now be divided among seven millions and a half or eight millions. The poor consequently must live much worse, and many of them be reduced to severe distress. The number of labourers also being above the proportion of the work in the market, the price of labour must tend toward a decrease, while the price of provisions would at the same time tend to rise. The labourer therefore must work harder to earn the same as he did before. During this season of distress, the discouragements to marriage, and the difficulty of rearing a family are so great that population is at a stand. In the mean time the cheapness of labour, the plenty of labourers, and the necessity of an increased industry amongst them, encourage cultivators to employ more labour upon their land, to turn up fresh soil, and to manure and improve more completely what is already in tillage, till ultimately the means of subsistence become in the same proportion to the population as at the period from which we set out. The situation of the labourer being then again tolerably comfortable, the restraints to population are in some degree loosened, and the same retrograde and progressive movements with respect to happiness are repeated.
Thomas Robert Malthus (An Essay on the Principle of Population)
Manhattan Prep started out as one lone tutor in a Starbucks coffee shop. Less than ten years later, it was a leading national education and publishing business that employed over one hundred people and was acquired by a public company for millions of dollars. How did that happen? We delivered a service that customers liked more than what was otherwise available. They sought us out and rewarded us with their business. We hired more people, grew, and kept improving. This process—a new company filling a need and flourishing as a result—is an example of value creation. It’s the fuel of economic growth, and what our country has been seeking a formula for. It’s the process that leads to new businesses and jobs. Value creation has a polar opposite: rent-seeking. In the 1980s, economists began noticing that countries with ample natural resources experienced lower economic growth rates than others. From 1965 to 1998 in the OPEC (oil-producing) countries, gross domestic product per capita decreased on average by 1.3 percent, while in the rest of the developed world, per capita growth increased by 2.2 percent (for an overall difference of 3.5 percent). This was a surprise—if you had lots of oil in the ground, wouldn’t that give you more wealth to invest and thus spur more rapid growth? Economists cited a number of factors to explain this “resource curse,” including internal and external conflict, corruption, lower monitoring of government, lack of diversification, and being subject to higher price volatility. One other possible explanation on offer was that a country’s smart people will wind up going to work in whatever industry is throwing off money (like the oil industry in Saudi Arabia). Thus fewer talented people are innovating in other industries, dragging down the growth rate over time. This makes sense—it’s a lot easier for a gifted Saudi to plug into the Ministry of Petroleum and Mineral Resources and extract economic value than to come up with a new business or industry. Does this sort of thing happen in the United States? Yes, you can make money through rent-seeking as opposed to value or wealth creation.
Andrew Yang (Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America)
The best way not to have to use your military power is to make sure that power is visible. When people know that we will use force if necessary and that we really mean it, we’ll be treated differently. With respect. Right now, no one believes us because we’ve been so weak with our approach to military policy in the Middle East and elsewhere. Building up our military is cheap when you consider the alternative. We’re buying peace and we’re locking in our national security. Right now we are in bad shape militarily. We’re decreasing the size of our forces and we’re not giving them the best equipment. Recruiting the best people has fallen off, and we can’t get the people we have trained to the level they need to be. There are a lot of questions about the state of our nuclear weapons. When I read reports of what is going on, I’m shocked. It’s no wonder nobody respects us. It’s no surprise that we never win. Spending money on our military is also smart business. Who do people think build our airplanes and ships, and all the equipment that our troops should have? American workers, that’s who. So building up our military also makes economic sense because it allows us to put real money into the system and put thousands of people back to work. There is another way to pay to modernize our military forces. If other countries are depending on us to protect them, shouldn’t they be willing to make sure we have the capability to do it? Shouldn’t they be willing to pay for the servicemen and servicewomen and the equipment we’re providing? Depending on the price of oil, Saudi Arabia earns somewhere between half a billion and a billion dollars every day. They wouldn’t exist, let alone have that wealth, without our protection. We get nothing from them. Nothing. We defend Germany. We defend Japan. We defend South Korea. These are powerful and wealthy countries. We get nothing from them. It’s time to change all that. It’s time to win again. We’ve got 28,500 wonderful American soldiers on South Korea’s border with North Korea. They’re in harm’s way every single day. They’re the only thing that is protecting South Korea. And what do we get from South Korea for it? They sell us products—at a nice profit. They compete with us. We spent two trillion dollars doing whatever we did in Iraq. I still don’t know why we did it, but we did. Iraq is sitting on an ocean of oil. Is it out of line to suggest that they should contribute to their own future? And after the blood and the money we spent trying to bring some semblance of stability to the Iraqi people, maybe they should be willing to make sure we can rebuild the army that fought for them. When Kuwait was attacked by Saddam Hussein, all the wealthy Kuwaitis ran to Paris. They didn’t just rent suites—they took up whole buildings, entire hotels. They lived like kings while their country was occupied. Who did they turn to for help? Who else? Uncle Sucker. That’s us. We
Donald J. Trump (Great Again: How to Fix Our Crippled America)
In the past decade, the historically consistent division in the United States between the share of total national income going to labor and that going to physical capital seems to have changed significantly. As the economists Susan Fleck, John Glaser, and Shawn Sprague noted in the U.S. Bureau of Labor Statistics’ Monthly Labor Review in 2011, “Labor share averaged 64.3 percent from 1947 to 2000. Labor share has declined over the past decade, falling to its lowest point in the third quarter of 2010, 57.8 percent.” Recent moves to “re-shore” production from overseas, including Apple’s decision to produce its new Mac Pro computer in Texas, will do little to reverse this trend. For in order to be economically viable, these new domestic manufacturing facilities will need to be highly automated. Other countries are witnessing similar trends. The economists Loukas Karabarbounis and Brent Neiman have documented significant declines in labor’s share of GDP in 42 of the 59 countries they studied, including China, India, and Mexico. In describing their findings, Karabarbounis and Neiman are explicit that progress in digital technologies is an important driver of this phenomenon: “The decrease in the relative price of investment goods, often attributed to advances in information technology and the computer age, induced firms to shift away from labor and toward capital. The lower price of investment goods explains roughly half of the observed decline in the labor share.
Anonymous
When the mid-20th-century white homeowner claimed that the presence of a Bill and Daisy Myers decreased his property value, he was not merely engaging in racist dogma—he was accurately observing the impact of federal policy on market prices. Redlining destroyed the possibility of investment wherever black people lived.
Anonymous
To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of supply and demand. If the supply of any good is insufficient, and its price is too high, then demand for that good should decrease, which should lead to a decline in its price. In other words, if real estate and oil prices rise, then people should move to the country or take to traveling about by bicycle (or both). Never mind that such adjustments might be unpleasant or complicated; they might also take decades, during which landlords and oil well owners might well accumulate claims on the rest of the population so extensive that they could easily come to own everything that can be owned, including rural real estate and bicycles, once and for all.3 As always, the worst is never certain to arrive. It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar.
Anonymous
Poppies in Afghanistan: The Taliban and the Heroin Trade Harvesting opium in Afghanistan Ghaffar Baig/ Reuters/Corbis Most Americans knew little about Afghanistan or the Taliban prior to September 11, 2001, but those who follow the heroin trade have focused on Afghanistan for decades. Afghanistan has long been a major area of opium production, but the “golden triangle” of Southeast Asia (Burma, Laos, and Thailand) historically dominated opium production. By 1999, though, Afghanistan had become the undisputed world leader in opium production despite being an Islamic state ruled by the Taliban, which publicly opposed opium use. In 1999, the Taliban representative to the United States, Abdul Hakeem Mujahid, said, “We are against poppy cultivation, narcotics production and drugs, but we cannot fight our own people” (Bartolet & Levine, 2001, p. 85). Even before 9/11, the United States accused the Taliban of profiting from opium and heroin production, and using those profits to fund terrorist activities. Under pressure from the United Nations, the Taliban announced bans on poppy cultivation in 1997, 1998, and 2000, but there was little evidence of any decreased production. In 2001, though, a ban was put into place that apparently really did reduce poppy production. Cynics have pointed out that the Taliban was simply trying to increase prices by temporarily cutting the supply; whatever the reason, when the Taliban lost control of Afghanistan, the poppy made a comeback. In this war-ravaged and economically depressed nation, growing opium is one of the few ways that farmers can make a living. Afghan President Hamid Karzai has urged his people to declare jihad (holy war) on drug production, but opium farming still accounts for nearly half of the domestic economy, and Afghanistan supplies nearly 80% of the world’s heroin (Office of National Drug Control Policy, 2013). In recent years, opium production has declined in Afghanistan, but a close relationship between heroin traffickers and the insurgency continues to create difficulties for that country’s reconstruction process (Office of National Drug Control Policy, 2013).
Stephen A. Maisto (Drug Use and Abuse)
Mr. Louis Blanc also tells us that competition leads to monopoly. And by the same reasoning, he thus informs us that low prices lead to high prices; that competition drives production to destructive activity; that competition drains away the sources of purchasing power; that competition forces an increase in production while, at the same time, it forces a decrease in consumption. From this, it follows that free people produce for the sake of not consuming; that liberty means oppression and madness among the people; and that Mr. Louis Blanc absolutely must attend to it.
Frédéric Bastiat (The Law)
Ford dominated the automobile market, the price of a Model T decreased from $850 in 1908 to $290 in 1924.
Brian Phillips (Individual Rights and Government Wrongs)
Set your target price (your goal).         2.      Set your first offer at 65 percent of your target price.         3.      Calculate three raises of decreasing increments (to 85, 95, and 100 percent).         4.      Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer.         5.      When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight.         6.      On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit. The
Chris Voss (Never Split the Difference: Negotiating As If Your Life Depended On It)
Cash Flow & Loan Paydown Let’s talk briefly on how mortgages work. A mortgage is just a fancy word for “loan on a property.” An owner-occupied mortgage is that same loan, but requires you to live there for a more favorable price or terms. With house hacking, you are likely going to obtain an owner-occupied loan. For the purposes of this discussion, let’s say that you are getting a 3.5 percent FHA loan. If you purchase a property for $100,000, you will be responsible for putting $3,500 down in exchange for a $96,500 loan to be paid back monthly over the next thirty years. Assuming a 5.25 percent interest rate, the monthly payments would be $532.88 per month. Each monthly payment will be a combination of principal and interest. The principal is the actual balance of the loan the bank gives you—in this case $96,500. The interest payment is the amount that you are paying the bank for lending you money. In the first month, the concentration of interest payment will be highest, and as you continue to pay down the mortgage every month, an increasing amount of that $532.88 payment will be applied toward the principal. Take a look at the amortization schedule below to see how each payment over the next twelve months is comprised. Do you see how the interest portion of the payment decreased over time, but the amount applied to the principal increases? When you are paying down your principal, you are building equity in the property by paying back the balance of the loan. The best part about house hacking is that you are not actually paying the loan: Your tenants are! Not only are you living for free, and maybe even cash flowing, you own more and more of your house each month.
Craig Curelop (The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom)
On the other hand, a generous capital market is usually associated with the following: fear of missing out on profitable opportunities reduced risk aversion and skepticism (and, accordingly, reduced due diligence) too much money chasing too few deals willingness to buy securities in increased quantity willingness to buy securities of reduced quality high asset prices, low prospective returns, high risk and skimpy risk premiums It’s clear from this list of elements that excessive generosity in the capital markets stems from a shortage of prudence and thus should give investors one of the clearest red flags. The wide-open capital market arises when the news is good, asset prices are rising, optimism is riding high, and all things seem possible. But it invariably brings the issuance of unsound and overpriced securities, and the incurrence of debt levels that ultimately will result in ruin. The point about the quality of new issue securities in a wide-open capital market deserves particular attention. A decrease in risk aversion and skepticism—and increased focus on making sure opportunities aren’t missed rather than on avoiding losses—makes investors open to a greater quantity of issuance. The same factors make investors willing to buy issues of lower quality. When the credit cycle is in its expansion phase, the statistics on new issuance make clear that investors are buying new issues in greater amounts. But the acceptance of securities of lower quality is a bit more subtle. While there are credit ratings and covenants to look at, it can take effort and inference to understand the significance of these things. In feeding frenzies caused by excess availability of funds, recognizing and resisting this trend seems to be beyond the ability of the majority of market participants. This is one of the many reasons why the aftermath of an overly generous capital market includes losses, economic contraction, and a subsequent unwillingness to lend. The bottom line of all of the above is that generous credit markets usually are associated with elevated asset prices and subsequent losses, while credit crunches produce bargain-basement prices and great profit opportunities. (“Open and Shut”)
Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
The point is clear enough—public goods and decreasing cost phenomena cause private market decisions to go wrong. Market prices will fail to approximate true scarcity values in terms of wants; they will be loaded with misinformation, and producers’ profit calculations will leave out of account much of the private benefit associated with public goods. The ‘invisible hand’ will fumble: people’s decentralized market choices will not efficiently cater to their tastes.
John Cassidy (How Markets Fail: The Logic of Economic Calamities)
I pay roughly $75 dollars a month, and my husband pays $100. However, I have just learned that for temporary residents now entering the system the fee maybe upwards of $200 per month. A friend of mine is going back to CAJA to see if he can get the price reduced, and apparently if you provide the proper documentation, they may decrease the monthly fee. There is a fee cap for permanent residents: over fifty-five years of age pay $63 dollars a month, and younger than fifty-five will pay $114.
Nadine Pisani (The Costa Rica Escape Manual: Your How-To Guide for Moving, Traveling Through, & Living in Costa Rica (Happier Than A Billionaire Book 4))
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In the old world, you could grow by doing three things: sell more units, increase the price of those units, or decrease the cost required to make those units. In today’s world, you have three new imperatives: acquire more customers, increase the value of those customers, and hold on to those customers longer.
Tien Tzuo (Subscribed: Why the Subscription Model Will Be Your Company's Future - and What to Do About It)
To be aware of your anguish, about not being able to find the happiness, in the sadness usually leads to confusion. Lack of answers, sometimes lead to discrediting the sorrow. Discrediting a valid piece, leads to price decrease. In the end you cheat yourself. " Stop knocking yourself down.
Hogoè Elimiera (Logically Depressed)
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The stock market’s performance depends on three factors: real growth (the rise of companies’ earnings and dividends) inflationary growth (the general rise of prices throughout the economy) speculative growth—or decline (any increase or decrease in the investing public’s appetite for stocks)
Benjamin Graham (The Intelligent Investor)
Home Value Index List Price Sale Price List Price Per Square Foot* Sale Price Per Square Foot* Listings With Price Cuts Amounts of Price Cuts Decreasing Values (%) *The price per square foot is my favorite statistic to work with. It is simple but very revealing. I like to call it the “price per pound.
Manny Khoshbin (Manny Khoshbin's Contrarian PlayBook)
Any loss of income that you can calculate from the current financials can be used as a basis for further price reduction. For example, if you calculate a decrease in income of $50,000 per year, and project that forward at an 8 percent cap rate, this forms the basis for a request for a $400,000 price reduction. Even if you don’t get the price reduction you ask for, you can make the case for some sort of concession from the seller. Based on all of these calculations, you will now know for sure if you have found a diamond in the rough. The next step is to take all of your findings from the various aspects of the due diligence process, and use them to calculate your revised offer.
Manny Khoshbin (Manny Khoshbin's Contrarian PlayBook)
Watching trips driving under the influence of alcohol, details Since a randomized control the peaks. From the perspective of travel between the armed forces and the strategy for the enforcement of the initiation of a hasty road block using the techniques that are considered disturbing the police only with unauthorized functions this movement control points on the basis of many DUI action initiated. Every time the checkpoints suspicious driver drunk driving, Kits, laws applications traversing the streets to protect the driver. Then, when the driver suspected of driving under the influence of alcohol, it would be towards getting a DUI lawyer to be soon after fertilization. DUI prices could the lives of sick people are taken in the context concerned, so that the money really is removed before use. To clarify this point, it is important to achieve the experience in DUI legal knowledge based on track to use to get rid of costs. General address is to escape unnoticed a trip to the environment in which they can find through future target for it to rotate too slowly. In many situations, under the influence of alcohol, driving, fast that the driver Checkpoint see some time, immediate auto or truck and escapes through the information on the screen. Show information about the tours, the driver will have the opportunity not only to avoid the checkpoint. The decrease is the result of a DUI is a criminal offense, or the great nations. Suspension of driver's license penalty for a crime, loved. Large trigger additional sanctions crime and that if all packets death only a misdemeanor. Unlike the provisions in relation to the position of DUI in the direction of the nation. DUI attorney knows all the DUI laws, the only country. So it is very good in the sense speaks DUI lawyer immediately after his arrest, stay away from most of the impact. If the driver can be caught in DUI checkpoints on the road licenses are revoked. If the error in transit, these people are in high demand because of a drunk driver, it is more important. Asked the pilot, from the breath alcohol tests and inspections. If the driver refuses, blood test or breathing difficulties, law enforcement agencies, including the authority to proceed under the influence of alcohol to manage directly in the driver's driving. Control or DUI checkpoints to protect positions of police officers, the general requirements of each tram and to check that the driver may influence the direction of the excitation. This type of set up checkpoints to travel a few hours in the morning or at the weekend overnight when the possibility of impaired drivers generally. Experience driver search on the phone all alcoholic breath test and operation of a one-car conveyor belt. Again, a simple test is not available, the agenda requires sophisticated. The driver stopped and should work out of the car and then seriously consider. He is seriously considering an indication of the psychological stability and capacity. If the driver is not necessary to work the sober to catch your breath.
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Ticker tape fever. During the run-up to the 1929 crash on Wall Street, many people had become addicted to playing the stock market, and this addiction had a physical component—the sound of the ticker tape that electronically registered each change in a stock’s price. Hearing that clicking noise indicated something was happening, somebody was trading and making a fortune. Many felt drawn to the sound itself, which felt like the heartbeat of Wall Street. We no longer have the ticker tape. Instead many of us have become addicted to the minute-by-minute news cycle, to “what’s trending,” to the Twitter feed, which is often accompanied by a ping that has its own narcotic effects. We feel like we are connected to the very flow of life itself, to events as they change in real time, and to other people who are following the same instant reports. This need to know instantly has a built-in momentum. Once we expect to have some bit of news quickly, we can never go back to the slower pace of just a year ago. In fact, we feel the need for more information more quickly. Such impatience tends to spill over into other aspects of life—driving, reading a book, following a film. Our attention span decreases, as well as our tolerance for any obstacles in our path.
Robert Greene (The Laws of Human Nature)
It is very important to know that all hand values decrease drastically on the turn if they don’t improve. If you remember this fact and apply it to your game, it will be worth the price of this book many times over.
Bill Boston (Omaha High-Low for Low-Limit Players)
Owing to the extensive use of machinery and to division of labour, the work of the proletarians has lost all individual character, and consequently, all charm for the workman. He becomes an appendage of the machine, and it is only the most simple, most monotonous, and most easily acquired knack, that is required of him. Hence, the cost of production of a workman is restricted, almost entirely, to the means of subsistence that he requires for his maintenance, and for the propagation of his race. But the price of a commodity, and therefore also of labour, is equal to its cost of production. In proportion therefore, as the repulsiveness of the work increases, the wage decreases. Nay more, in proportion as the use of machinery and division of labour increases, in the same proportion the burden of toil also increases, whether by prolongation of the working hours, by increase of the work exacted in a given time or by increased speed of the machinery, etc.
Karl Marx (The Communist Manifesto)
The last and perhaps most interesting class of stablecoins are non-collateralized. Not backed by any underlying asset and using algorithmic expansion and supply contraction to shift the price to the peg, they often employ a seigniorage model where the token holders in the platform receive the increase in supply when demand increases. When demand decreases and the price slips below the peg, these platforms issue bonds of some form, which entitle the holder to future expansionary supply before the token holders receive their share.
Campbell R. Harvey (DeFi and the Future of Finance)
Now, of course, the pin-makers do not need 4,800 pins per day themselves, so what do they do with the surplus? They sell it. As the number of pins available in the market thus increases, the prices will decrease, which means that more and more people will be able to afford them. As division of labor spreads to other industries, the result will be the same: more and more goods (and services) available in the market, with ever-decreasing prices. This means more and more people will be able to afford more and more means to satisfy their ends, which means the overall wealth of the society will increase.
James R. Otteson (The Essential Adam Smith (Essential Scholars))
a country that wants to increase its wealth and enable its citizens to prosper must enact policies that enable the division of labor, the increase of production, the decrease of prices, and the resulting increase in standards of living. His larger political-economic argument then proceeds on the basis of three linked arguments, which we might call the Economizer Argument, the Local Knowledge Argument, and the Invisible Hand Argument.
James R. Otteson (The Essential Adam Smith (Essential Scholars))
short seller has an economic incentive to sell as much as possible – to attempt to drive the price down – in order to increase profits. A simple concept from economics is at work here: prices fall when supply increases. It is as true for cars as it is for shares. For stocks, we call this decrease in price a “dilution of share value” because the price of the shares is falling not because the company performed badly but because there are simply more shares in circulation (an increase in supply).
Susanne Trimbath (Naked, Short and Greedy: Wall Street's Failure to Deliver)
But we cannot expect people to take risks, by speaking up or in other ways, if by so doing they will get fired. Good leaders must cre- ate environments in which employees feel that making evidence- based decisions will always be rewarded, no matter what outcome occurs. The ideal organizational environment encourages everyone to observe, collect data, and speak up. The bosses who create such environments are risking only one thing: a few bruises to their egos. That is a small price to pay for increasing the flow of new ideas and decreasing the risks of disasters.
Richard H. Thaler (Misbehaving: The Making of Behavioral Economics)
It all seems so obvious: investors rarely maintain objective, rational, neutral and stable positions. First they exhibit high levels of optimism, greed, risk tolerance and credulousness, and their resulting behavior causes asset prices to rise, potential returns to fall, and risk to increase. But then, for some reason—perhaps the arrival of a tipping point—they switch to pessimism, fear, risk aversion and skepticism, and this causes asset prices to fall, prospective returns to rise, and risk to decrease. Notably, each group of phenomena tends to happen in unison, and the swing from one to the other often goes far beyond what reason might call for.
Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
Science teaches us that every pleasure exacts a price, and the pain that follows is longer lasting and more intense than the pleasure that gave rise to it. With prolonged and repeated exposure to pleasurable stimuli, our capacity to tolerate pain decreases, and our threshold for experiencing pleasure increases.
Anna Lembke (Dopamine Nation: Finding Balance in the Age of Indulgence)
In the old world, you could grow by doing three things: sell more units, increase the price of those units, or decrease the cost required to make those units. In today’s world, you have three new imperatives: acquire more customers, increase the value of those customers, and hold on to those customers longer
Tien Tzuo (Subscribed: Why the Subscription Model Will Be Your Company's Future - and What to Do About It)
Data about the persecution of Jews in Europe drawn from almost a thousand cities between 1100 and 1800 shows that a decrease in the average growing-season temperature of about one-third of 1 degree Celsius is correlated with a rise in the probability of Jews being attacked in the subsequent five-year period – with those living in and near locations with poor soil quality and weaker institutions more likely still to be the victims of violence during times of food shortages and higher prices.
Peter Frankopan (The Earth Transformed: An Untold History)
Examine the value function in this figure at the origin, where both curves begin. Notice that the loss function is steeper than the gain function: it decreases more quickly than the gain function goes up. Roughly speaking, losses hurt about twice as much as gains make you feel good. This feature of the value function left me flabbergasted. There, in that picture, was the endowment effect. If I take away Professor Rosett’s bottle of wine, he will feel it as a loss equivalent to twice the gain he would feel if he acquired a bottle; that is why he would never buy a bottle worth the same market price as one in his cellar. The fact that a loss hurts more than an equivalent gain gives pleasure is called loss aversion. It has become the single most powerful tool in the behavioral economist’s arsenal. So, we experience life in terms of changes, we feel diminishing sensitivity to both gains and losses, and losses sting more than equivalently-sized gains feel good. That is a lot of wisdom in one image. Little did I know that I would be playing around with that graph for the rest of my career.
Richard H. Thaler (Misbehaving: The Making of Behavioral Economics)
Instead, let’s tune out the noise and think about future returns as Graham might. The stock market’s performance depends on three factors: real growth (the rise of companies’ earnings and dividends) inflationary growth (the general rise of prices throughout the economy) speculative growth—or decline (any increase or decrease in the investing public’s appetite for stocks)
Benjamin Graham (The Intelligent Investor)
The cryptocurrency community never expected to ask whether TerraUSD (UST) or LUNA would hit $1 first. Recently in mid of May, the dramatic drop of a stablecoin named TerraUSD and Terra Luna rattled the entire crypto market, and other tokens such as bitcoin and tether also struggled. Terra Luna is currently almost useless. Some have also connected this crash to the financial meltdown of 2008. After all, it is the darkest moment in the crypto-verse since the bankruptcy crisis that forced the closure of the Mt. Gox exchange in 2014. But what actually happened? What impact will this have on the rest of the crypto ecosystem? What is Terra, and why does it have a sister currency named Luna? Here's everything you need to know. What are Terra LUNA and Terra USD(UST)? Mechanism of Terra Following this crash, there is uncertainty among cryptocurrency enthusiasts; many of them called it the Luna crash, and some called it the Terra crash. Even though it is a stablecoin, UST also crashed. Let’s clarify this- Terra is a blockchain network that focuses on producing stablecoins. Technically, Terra is the crypto asset, while LUNA is the sign for its native cryptocurrency. Terra’s ecosystem is composed of two different types of tokens: LUNA and a group of stablecoins. Stablecoins from the first generation, like Tether, keep their value by leveraging a variety of assets, including fiat reserves. However, some supporters of decentralization contend that having a single body in charge of a collection of physical assets creates a single point of failure. Risks such as opaque governance structures and the question of whether the reserves held to correspond to those declared are brought about by this, which focuses regulatory attention. Decentralized stablecoins attempt to overcome these governance problems by keeping their pegs through algorithms as opposed to huge currency and debt reserves. One such algorithmic product is TerraUSD (UST), created by Terraform Labs. UST is an algorithmic stablecoin in the ecosystem of Terra. Unlike fiat-backed stablecoins like USDC and BUSD, UST is not backed by physical assets. Instead, UST uses algorithms to keep its value pegged to $1 and is backed by a sister token called LUNA. When the price of UST increases too much, its algorithms create additional LUNA to reduce the price, or the opposite if the price decreases too much. LUNA is intended to act as a sort of price shock absorber for UST. Just like any other stablecoin, users must be able to exchange one UST (even if it is worth less than $1) for one LUNA for this mechanism to stabilize the price to function.
coingabbar
The New York Times ran a story recently about Gregg Rapp, a restaurant consultant, who gets paid to work out the pricing for menus. He knows, for instance, how lamb sold this year as opposed to last year; whether lamb did better paired with squash or with risotto; and whether orders decreased when the price of the main course was hiked from $39 to $41. One thing Rapp has learned is that high-priced entrées on the menu boost revenue for the restaurant—even if no one buys them. Why? Because even though people generally won't buy the most expensive dish on the menu, they will order the second most expensive dish. Thus, by creating an expensive dish, a restaurateur can lure customers into ordering the second most expensive choice (which can be cleverly engineered to deliver a higher profit margin).1
Dan Ariely (Predictably Irrational: The Hidden Forces That Shape Our Decisions)
both Tesla and GM think battery prices will come down fast enough for electric cars to be more affordable than equivalent gasoline cars by the early 2020s. The Chevy Bolt sells for less than $35,000, after subsidies. Tesla plans to be producing Model 3s at a rate of hundreds of thousands a year by 2019. Other electric car companies, new and old, are developing competitive strategies. It is still difficult to predict how quickly the sales of electric cars will overtake those of gasoline vehicles. Even assuming all goes well for Tesla and their electric competitors, it could take years, or decades. Bloomberg New Energy Finance’s study estimated that electric cars will account for 35 percent of new car sales by 2040. That’s based on battery prices decreasing at a slower rate than Tesla and GM anticipate. But, as noted earlier, gasoline cars will face the difficult task of competing with electric cars that are both cheaper and better.
Hamish McKenzie (Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil)
What these results mean is that when price is not a part of the exchange, we become less selfish maximizers and start caring more about the welfare of others. We saw this demonstrated by the fact that when the price decreased to zero, customers restrained themselves and took far fewer units. So while the product (candy, in our case) was more attractive to more people, it also made people think more about others, care about them, and sacrifice their own desires for the benefit of others. As it turns out, we are caring social animals, but when the rules of the game involve money, this tendency is muted. THE RESULTS FROM our experiment also help explain one of the great mysteries in life: why, when we are dining out with friends, taking the last olive feels like such a big deal.
Dan Ariely (Predictably Irrational: The Hidden Forces That Shape Our Decisions)
With all this credit available, with almost no realistic lending standards, is it any wonder why colleges and universities continually raise their tuition year after year? Is it any wonder why costs of books, room and board constantly increase well beyond the average rate of price inflation, and decreased costs of technology?
Frank Jurs (Why We’re Poor: Understanding Money Ignorance in America)
The systematized and easy-to-remember process has only four steps: Set your target price (your goal). Set your first offer at 65 percent of your target price. Calculate three raises of decreasing increments (to 85, 95, and 100 percent). Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer. When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight. On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit.
Chris Voss (Never Split the Difference: Negotiating as if Your Life Depended on It)
Hence, the cost of production of a workman is restricted, almost entirely, to the means of subsistence that he requires for his maintenance, and for the propagation of his race. But the price of a commodity, and therefore also of labour, is equal to its cost of production. In proportion therefore, as the repulsiveness of the work increases, the wage decreases. Nay more, in proportion as the use of machinery and division of labour increases, in the same proportion the burden of toil also increases, whether by prolongation of the working hours, by increase of the work exacted in a given time or by increased speed of the machinery, etc.
Karl Marx (The Communist Manifesto)
1.      Set your target price (your goal).         2.      Set your first offer at 65 percent of your target price.         3.      Calculate three raises of decreasing increments (to 85, 95, and 100 percent).         4.      Use lots of empathy and different ways of saying “No” to get the other side to counter before you increase your offer.         5.      When calculating the final amount, use precise, nonround numbers like, say, $37,893 rather than $38,000. It gives the number credibility and weight.         6.      On your final number, throw in a nonmonetary item (that they probably don’t want) to show you’re at your limit.
Chris Voss (Never Split the Difference: Negotiating As If Your Life Depended On It)
This table only counts physical health effects due to disruptions that took place in the Illusion of Control phase. It considers both short-run and long-run effects. Each of the claimed effects is based on a published study about that effect. First on the list is the disruption to vaccination programs for measles, diphtheria, cholera, and polio, which were either cancelled or reduced in scope in some 70 countries. That disruption was caused by travel restrictions. Western experts could not travel, and within many poor countries travel and general activity were also halted in the early days of the Illusion of Control phase. This depressive effect on vaccination programs for the poor is expected to lead to large loss of life in the coming years. The poor countries paying this cost are most countries in Africa, the poorer nations in Asia, such as India, Indonesia and Myanmar, and the poorer countries in Latin America. The second listed effect in the table relates to schooling. An estimated 90% of the world’s children have had their schooling disrupted, often for months, which reduces their lifetime opportunities and social development through numerous direct and indirect pathways. The UN children’s organisation, UNICEF, has released several reports on just how bad the consequences of this will be in the coming decades.116 The third element in Joffe’s table refers to reports of economic and social primitivisation in poor countries. Primitivisation, also seen after the collapse of the Soviet Union in the early 1990s, is just what it sounds like: a regression away from specialisation, trade and economic advancement through markets to more isolated and ‘primitive’ choices, including attempted economic self-sufficiency and higher fertility. Due to diminished labour market prospects, curtailed educational activities and decreased access to reproductive health services, populations in the Illusion of Control phase began reverting to having more children precisely in those countries where there is already huge pressure on resources. The fourth and fifth elements listed in the table reflect the biggest disaster of this period, namely the increase in extreme poverty and expected famines in poor countries. Over the 20 years leading up to 2020, gradual improvements in economic conditions around the world had significantly eased poverty and famines. Now, international organisations are signalling rapid deterioration in both. The Food and Agriculture Organisation (FAO) now expects the world to have approximately an additional 100 million extremely poor people facing starvation as a result of Covid policies. That will translate into civil wars, waves of refugees and huge loss of life. The last two items in Joffe’s table relate to the effect of lower perinatal and infant care and impoverishment. Millions of preventable deaths are now expected due to infections and weakness in new mothers and young infants, and neglect of other health problems like malaria and tuberculosis that affect people in all walks of life. The whole of the poor world has suffered fewer than one million deaths from Covid. The price to be paid in human losses in these countries through hunger and health neglect caused by lockdowns and other restrictions is much, much larger. All in the name of stopping Covid.
Paul Frijters (The Great Covid Panic: What Happened, Why, and What To Do Next)