Return On Investment Quotes

We've searched our database for all the quotes and captions related to Return On Investment. Here they are! All 200 of them:

To reap a return in ten years, plant trees. To reap a return in 100, cultivate the people.
Hồ Chí Minh
There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.
Mark Twain (Life on the Mississippi)
An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.
Benjamin Graham (The Intelligent Investor)
Habits are like financial capital – forming one today is an investment that will automatically give out returns for years to come.
Shawn Achor (The Happiness Advantage: The Seven Principles of Positive Psychology That Fuel Success and Performance at Work)
Love the quick profit, the annual raise, vacation with pay. Want more of everything ready-made. Be afraid to know your neighbors and to die. And you will have a window in your head. Not even your future will be a mystery any more. Your mind will be punched in a card and shut away in a little drawer. When they want you to buy something they will call you. When they want you to die for profit they will let you know. So, friends, every day do something that won’t compute. Love the Lord. Love the world. Work for nothing. Take all that you have and be poor. Love someone who does not deserve it. Denounce the government and embrace the flag. Hope to live in that free republic for which it stands. Give your approval to all you cannot understand. Praise ignorance, for what man has not encountered he has not destroyed. Ask the questions that have no answers. Invest in the millenium. Plant sequoias. Say that your main crop is the forest that you did not plant, that you will not live to harvest. Say that the leaves are harvested when they have rotted into the mold. Call that profit. Prophesy such returns. Put your faith in the two inches of humus that will build under the trees every thousand years. Listen to carrion — put your ear close, and hear the faint chattering of the songs that are to come. Expect the end of the world. Laugh. Laughter is immeasurable. Be joyful though you have considered all the facts. So long as women do not go cheap for power, please women more than men. Ask yourself: Will this satisfy a woman satisfied to bear a child? Will this disturb the sleep of a woman near to giving birth? Go with your love to the fields. Lie down in the shade. Rest your head in her lap. Swear allegiance to what is nighest your thoughts. As soon as the generals and the politicos can predict the motions of your mind, lose it. Leave it as a sign to mark the false trail, the way you didn’t go. Be like the fox who makes more tracks than necessary, some in the wrong direction. Practice resurrection.
Wendell Berry
The capitalist and consumerist ethics are two sides of the same coin, a merger of two commandments. The supreme commandment of the rich is ‘Invest!’ The supreme commandment of the rest of us is ‘Buy!’ The capitalist–consumerist ethic is revolutionary in another respect. Most previous ethical systems presented people with a pretty tough deal. They were promised paradise, but only if they cultivated compassion and tolerance, overcame craving and anger, and restrained their selfish interests. This was too tough for most. The history of ethics is a sad tale of wonderful ideals that nobody can live up to. Most Christians did not imitate Christ, most Buddhists failed to follow Buddha, and most Confucians would have caused Confucius a temper tantrum. In contrast, most people today successfully live up to the capitalist–consumerist ideal. The new ethic promises paradise on condition that the rich remain greedy and spend their time making more money and that the masses give free reign to their cravings and passions and buy more and more. This is the first religion in history whose followers actually do what they are asked to do. How though do we know that we'll really get paradise in return? We've seen it on television.
Yuval Noah Harari (קיצור תולדות האנושות)
So this is the goal: To make money by increasing net profit, while simultaneously increasing return on investment, and simultaneously increasing cash flow.
Eliyahu M. Goldratt (The Goal: A Process of Ongoing Improvement)
If you'd like to gain a better understanding of Return On Investment, get into gardening.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
Don't look for the needle in the haystack. Just buy the haystack!
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
Return on Investment should be holistic.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
First, only invest in companies that have the potential to return the value of the entire fund.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
For love I have invested my life with no return
Seema Gupta
education sold as an investment good that has no economic return for most buyers is, quite simply, a fraud.
Guy Standing (The Precariat: The New Dangerous Class)
in the future, the defining metric for organizations won’t be ROI (Return on Investment), but ROL (Return on Learning).
Salim Ismail (Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it))
... don't invest your feelings in things. Don't invest them in people. Don't be good, considerate, honest, generous, and compassionate to others because you are investing in them as people, meaning because you expect something in return. If you do, you will be, and most likely you already have been, brought to deep disappointment. Be good to people because you are investing in goodness, consideration, honesty, generosity, and compassion, because those qualities have never failed to be rewarding.
Najwa Zebian (Mind Platter)
We have to practice defensive investing, since many of the outcomes are likely to go against us. It’s more important to ensure survival under negative outcomes than it is to guarantee maximum returns under favorable ones.
Howard Marks (The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing))
in the evolution of a society, continued investment in complexity as a problem-solving strategy yields a declining marginal return.
Joseph A. Tainter (The Collapse of Complex Societies (New Studies in Archaeology))
I don't have the answer to that, other than to observe that friendship has to flow both ways. Both of you have to be willing to invest in the friendship in order to maintain it.
Nicholas Sparks (The Return)
Doing something for the mere joy of it—for one's self or others—is quite possibly one of the best returns on an investment of time that a person can receive.
Laurie Buchanan
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.4 —Warren Buffett
Mohnish Pabrai (The Dhandho Investor: The Low-Risk Value Method to High Returns)
I try to be a good investment to God. All the good things he’s given me, I aim to multiply and return to him and his purposes a maximum ROI. I’m just a tree in his fruit garden aiming to produce good fruit.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.
Benjamin Graham (The Intelligent Investor)
Education is not an expense, but it is the capital ready to be invested. The return depends on the wisdom you gained.
Debasish Mridha
The greatest enemy of a good plan is the dream of a perfect plan.” Stick to the good plan. Traditional
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
When there are multiple solutions to a problem, choose the simplest one.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
When all things are considered holistically, the best expected return on investment varies from client to client.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
The value of a business is a function of how well the financial capital and the intellectual capital are managed by the human capital. You'd better get the human capital part right.
Dave Bookbinder (The NEW ROI: Return on Individuals: Do you believe that people are your company's most valuable asset?)
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
What’s the return on investment of college? What’s the return on investment of having children, spending time with friends, listening to music, reading a book? The things that are most worth doing are worth doing for their own sake. Anyone who tells you that the sole purpose of education is the acquisition of negotiable skills is attempting to reduce you to a productive employee at work, a gullible consumer in the market, and a docile subject of the state. What’s at stake, when we ask what college is for, is nothing less than our ability to remain fully human.
William Deresiewicz (Excellent Sheep: The Miseducation of the American Elite and the Way to a Meaningful Life)
Reading is the best return on investment. You have to live your entire life in order to know one life. But with reading you can know 1000s of people’s lives for almost no cost. What a great return!
James Altucher (The Choose Yourself Guide To Wealth)
Here's something else, something important: Love is not transactional. It is not a bank account, you don't always get what you put in. Sometimes you put in so much and get very little return on your investment, at least that you can see right away.
Jenny Han (P.S. I Still Love You (To All the Boys I've Loved Before, #2))
Every person is a project, God's project, I want to be the most profitable one.
Amit Kalantri
There have been numerous studies suggesting that one of the most effective ways to reduce poverty is through the education of women and girls. It’s one of the best returns on investment in the developing world, but sixty-six million girls worldwide are not enrolled in school. Educated women spread what they’ve learned to their families and villages and children. Educated girls get pregnant later, have fewer children, and have a far lower infant mortality rate. Educated women and girls have greater power to determine their own fate; earn more; live a rich, fulfilled life; and give back to their communities at a greater level.
Rainn Wilson (The Bassoon King: My Life in Art, Faith, and Idiocy)
No one wants to pursue anything creative anymore, because that’s too risky. They may not get the kind of return on the financial investment they’ve made in their education that they think they should.
Meg Cabot (Queen of Babble (Queen of Babble, #1))
At Mayflower-Plymouth we aim to employ capital and maximize ROI for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
Home is the first point of investment. The first and most important thing to invest in is your home. Make sure your house is in good condition physically and energetically, make sure you’re paid up on the household bills, make sure you’re stocked up on supplies and food, make sure your home is furnished to your style and comfort, make sure you’ve got nice plants to clean the air, nice art, nice crystals and essential oils, nice things that promote your wellbeing…. Make sure your garden is growing nutritious plants. Invest in your household and your family because they have the greatest Return on Investment. And your investment in your home will be a magnet for many other different kinds of investments.
Hendrith Vanlon Smith Jr (The Wealth Reference Guide: An American Classic)
Most people suffer in love because of attachment. We are interested in getting a net return on our investment. –Unplugging the Patriarchy
Lucia René (Unplugging the Patriarchy - A Mystical Journey into the Heart of a New Age)
The two greatest enemies of the equity fund investor are expenses and emotions.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
...I'm not the casual sex type." "Yeah, I gathered that. Why? Bored?" "I wish." Josh gave a short laugh and shook his head. "No, sex with me is complicated.
Aleksandr Voinov (Return on Investment (Return on Investment, #1))
Buying funds based purely on their past performance is one of the stupidest things an investor can do.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
Prudent investing is about ensuring the safety of principal and reasonable returns.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
Pay It Forward: A random act of kindness towards another person with no expectation of return on investment. (my own definition)
Michele Spry (Tom T's Hat Rack: A Story About Paying It Forward)
What is the return on investment of being wedded to your suffering? What do you receive from stewing in victim consciousness? Righteous indignation or an excuse not to change?
Lisa Cypers Kamen (Are We Happy Yet?: Eight Keys to Unlocking a Joyful Life)
Vespers In your extended absence, you permit me use of earth, anticipating some return on investment. I must report failure in my assignment, principally regarding the tomato plants. I think I should not be encouraged to grow tomatoes. Or, if I am, you should withhold the heavy rains, the cold nights that come so often here, while other regions get twelve weeks of summer. All this belongs to you: on the other hand, I planted the seeds, I watched the first shoots like wings tearing the soil, and it was my heart broken by the blight, the black spot so quickly multiplying in the rows. I doubt you have a heart, in our understanding of that term. You who do not discriminate between the dead and the living, who are, in consequence, immune to foreshadowing, you may not know how much terror we bear, the spotted leaf, the red leaves of the maple falling even in August, in early darkness: I am responsible for these vines.
Louise Glück
Yes.” Reese nods. “I mean, they go through everything I go through as a trans woman. Divorce is a transition story. Of course, not all divorced women go through it. I’m talking about the ones who felt their divorce as a fall, or as a total reframing of their lives. The ones who have seen how the narratives given to them since girlhood have failed them, and who know there is nothing to replace it all. But who still have to move forward without investing in new illusions or turning bitter—all with no plan to guide them. That’s as close to a trans woman as you can get. Divorced women are the only people who know anything like what I know. And, since I don’t really have trans elders, divorced women are the only ones I think have anything to teach me, or who I care to teach in return.
Torrey Peters (Detransition, Baby)
The first step is to give up the illusion that the primary purpose of modern medical research is to improve Americans’ health most effectively and efficiently. In our opinion, the primary purpose of commercially funded clinical research is to maximize financial return on investment, not health.” —John Abramson, M.D., Harvard Medical School I wrote this book to help Americans
Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
That is why success and fruitfulness depend as much upon focusing on the “who” you are as much as the “what” of the work you do. Invest in your character, and it will give you the returns that you are looking for by only investing in the work itself. You can’t do the latter without the former.
Henry Cloud (Integrity: The Courage to Face the Demands of Reali)
Foreign Cash is not the answers to our problems, my friend. Africa needs the hearts and minds of its sons and daughters to nurture it. You were our pride, Mukoma Bryon. When you did not return, a whole village lost its investment. Africa is all that we have. If we do not build it, no one else will.
J. Nozipo Maraire (Zenzele: A Letter for My Daughter)
Love is not a businessman who wants to see a return on his investments. And imagination needs only a few nails on which to hang its veil. Whether they are of gold, tin, or covered with rust makes no difference to it. Wherever it gets caught, it is caught. Thornbush or rosebush, as soon as the veil of moonlight and mother-of-pearl has fallen on it, either becomes a fairy tale out of A Thousand and One Nights
Erich Maria Remarque (Arch of Triumph: A Novel of a Man Without a Country)
It takes time, patience, productivity and persistence to 'pop the oil'; just keep digging. Worthy investments take time to show positive returns.
T.F. Hodge
The investments we make in ourselves will always deliver the most profitable returns.
Sumner M. Davenport
Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
Be willing for purpose; it pays huge returns on investment. And along the journey, those who dis your willing sacrifice(s) will ponder their own foolishness.
T.F. Hodge (From Within I Rise: Spiritual Triumph over Death and Conscious Encounters with "The Divine Presence")
The problem with having a fairy-tale relationship story was how much other people were invested in keeping the fairy tale alive. It wasn’t just our story—it was everyone’s.
Lucinda Berry (When She Returned)
The true investor . . . will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
Not money, but love, is life’s treasure. Spend it, invest it; the returns will be without measure.
Debasish Mridha
Gunning for average is your best shot at finishing above average.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
It's good to have a special price to pay for the future and it will pay you in return, in the exact way you would wish to be paid.
Oscar Auliq-Ice
Putting the principal at risk for the hope of an extravagant return — that’s not wise investing, that’s gambling.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
Knowing the right detail gets you a great return. Ignore them and you just crash & burn.
Robert Rolih (The Million Dollar Decision: Get Out of the Rigged Game of Investing and Add a Million to Your Net Worth)
Investing in friendship and love always brings great returns. — Edie Melson —
Gary Chapman (Love is a Verb Devotional: 365 Daily Inspirations to Bring Love Alive)
The art experience and the theater experience, gyms for the soul, generate heat and exercise the imagination, empathy, creative thinking, patience and tolerance. A gym for the soul is a place where personal investment is required and the return is real.
Anne Bogart (What's the Story: Essays about art, theater and storytelling)
I sometimes find myself wondering why some people remain in your life while others drift away. I don’t have the answer to that, other than to observe that friendship has to flow both ways. Both of you have to be willing to invest in the friendship in order to maintain it. I
Nicholas Sparks (The Return)
The earlier you put your capital to work, the more likely you are to have a larger portfolio value.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
At Mayflower-Plymouth, we focus on Total Returns and a long-term view.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
At Mayflower-Plymouth, we prioritize time in the market and not timing the market. We prioritize total return and not quick short term gains.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
Investors need to understand not only the magic of compounding long-term returns, but the tyranny of compounding costs; costs that ultimately overwhelm that magic.
John C. Bogle (The Clash of the Cultures: Investment vs. Speculation)
It is our opinion that in the future, the defining metric for organizations won’t be ROI (Return on Investment), but ROL (Return on Learning).
Salim Ismail (Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it))
Being the highly trained investment mogul that I am, I could certainly find places to put that money where it would earn more. Or would it? Remember, personal finance is personal. I have come to realize that Sharon’s peace of mind bought with the oversized emergency fund is a great return on investment. Guys, this can be a wonderful gift to your wife. An Emergency Fund Can
Dave Ramsey (The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness)
Business people love to hate their current software and love to love the next software they haven't yet bought. Salespeople count on this. But tomorrow's tools will become the current tools.
David E. Wile (Why Doers Do: Managing Human Performance to Optimize the Return on Your People Investment)
I understand how not even a priest can resist you when you want him. I can understand how love is something horrible and complex and hurting and something that still happens even if it shouldn't, and can't, and how one can want to be somebody else's world. I get it. And it fucking hurts.
Aleksandr Voinov (Return on Investment (Return on Investment, #1))
Two-thirds of professionally managed funds are regularly outperformed by a broad capitalization-weighted index fund with equivalent risk, and those that do appear to produce excess returns in one period are not likely to do so in the next. The record of professionals does not suggest that sufficient predictability exists in the stock market to produce exploitable arbitrage opportunities.
Burton G. Malkiel (A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing)
But Matthiesen hit on the concept of return on investment, though she didn’t call it that. Instead, she asked her kids to estimate the hours of fun per dollar that any particular Want of theirs might provide.
Ron Lieber (The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money)
By 2060, India’s economy is projected to be larger than China’s because of its greater population growth. India is forecast to produce about one-quarter of world GDP from 2040 through the rest of this century.
Jeremy J. Siegel (Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies)
Some people will each start investing more of their salary on ‘their’ house and spending less of it on ‘their’ car or cars only when they start being able to take ‘their’ house to work, funerals, weddings, etc.
Mokokoma Mokhonoana
At Mayflower-Plymouth, we analyze global markets, analyze businesses and employ a range of strategies that emulate natural ecosystems to deliver holistic and industry-consistent investment returns. Our approach emphasizes preservation, steady compounding growth and steady returns for our capital partners and clients.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
But what I eventually realized is that the return on investment was not what I’d imagined, and that the expectations were only greater and greater. When you devote yourself to being known as the most responsible person anyone knows, more and more people call on you to be that highly responsible person. That’s how it works. So the armload of things I was carrying became higher and higher, heavier and heavier, more and more precarious. At
Shauna Niequist (Present Over Perfect: Leaving Behind Frantic for a Simpler, More Soulful Way of Living)
In totalitarian regimes—communism, fascism, religious fundamentalism—popular support is a given. You can start wars, you can prolong them, you can put anyone in uniform for any length of time without ever having to worry about the slightest political backlash. In a democracy, the polar opposite is true. Public support must be husbanded as a finite national resource. It must be spent wisely, sparingly, and with the greatest return on your investment. America is especially sensitive to war weariness, and nothing brings on a backlash like the perception of defeat. I say “perception” because America is a very all-or-nothing society. We like the big win, the touchdown, the knockout in the first round. We like to know, and for everyone else to know, that our victory wasn’t only uncontested, it was positively devastating.
Max Brooks (World War Z: An Oral History of the Zombie War)
Your time, energy and resources will get used no matter how well you focus them. By choosing to focus properly, you get the highest return for the efforts you invest in your life. Most people spend too much time on what is urgent and not enough time on what is important. Productivity is not just about getting things done, it’s about getting the right things done.
John Geiger
Be good to people because you are investing in goodness, consideration, honesty, generosity, and compassion, because those qualities have never failed to be rewarding. Treat people righteously because you are investing in the righteousness of yourself, and, trust me, you will get something in return. You will be happy. You will be content. You will be truly free.
Najwa Zebian (Mind Platter)
the great British economist John Maynard Keynes, written 70 years ago: “It is dangerous . . . to apply to the future inductive arguments based on past experience, unless one can distinguish the broad reasons why past experience was what it was.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
I would go a step further and say that the ROI—return on investment—on pluralism in the age of accelerations will soar and become maybe the single most important competitive advantage for a society—for both economic and political reasons. Politically,
Thomas L. Friedman (Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations)
More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s. Warren Buffett is a phenomenal investor. But you miss a key point if you attach all of his success to investing acumen. The real key to his success is that he’s been a phenomenal investor for three quarters of a century. Had he started investing in his 30s and retired in his 60s, few people would have ever heard of him. Consider a little thought experiment. Buffett began serious investing when he was 10 years old. By the time he was 30 he had a net worth of $1 million, or $9.3 million adjusted for inflation.16 What if he was a more normal person, spending his teens and 20s exploring the world and finding his passion, and by age 30 his net worth was, say, $25,000? And let’s say he still went on to earn the extraordinary annual investment returns he’s been able to generate (22% annually), but quit investing and retired at age 60 to play golf and spend time with his grandkids. What would a rough estimate of his net worth be today? Not $84.5 billion. $11.9 million. 99.9% less than his actual net worth. Effectively all of Warren Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. His skill is investing, but his secret is time. That’s how compounding works. Think of this another way. Buffett is the richest investor of all time. But he’s not actually the greatest—at least not when measured by average annual returns.
Morgan Housel (The Psychology of Money: Timeless lessons on wealth, greed, and happiness)
Slavery is not a horror safely confined to the past; it continues to exist throughout the world, even in developed countries like France and the United States. Across the world slaves work and sweat and build and suffer. Slaves in Pakistan may have made the shoes you are wearing and the carpet you stand on. Slaves in the Caribbean may have put sugar in your kitchen and toys in the hands of your children. In India they may have sewn the shirt on your back and polished the ring on your finger. They are paid nothing. Slaves touch your life indirectly as well. They made the bricks for the factory that made the TV you watch. In Brazil slaves made the charcoal that tempered the steel that made the springs in your car and the blade on your lawnmower. Slaves grew the rice that fed the woman that wove the lovely cloth you've put up as curtains. Your investment portfolio and your mutual fund pension own stock in companies using slave labor in the developing world. Slaves keep your costs low and returns on your investments high.
Kevin Bales
Risk is the ultimate differentiator. I have always had a deep and complex relationship with it. I am not a reckless person, but taking risks is really the only way to consistently achieve above-average returns—in life as well as in investments. My father proved that when he left Poland. I am probably more comfortable with risk than most people. That’s because I do as much as I can to understand it. To me, risk-taking rests on the ability to see all the variables and then identify the ones that will make or break you.
Sam Zell (Am I Being Too Subtle?: Straight Talk From a Business Rebel)
A step towards love is a mile towards virtue. A step towards virtue is a mile towards wisdom. A step towards wisdom is a mile towards joy. Invest in wisdom; the returns are certain. Invest in love; the rewards are plenty. Invest in God; the blessings are infinite.
Matshona Dhliwayo
Basically, CEOs have five essential choices for deploying capital—investing in existing operations, acquiring other businesses, issuing dividends, paying down debt, or repurchasing stock—and three alternatives for raising it—tapping internal cash flow, issuing debt, or raising equity. Think of these options collectively as a tool kit. Over the long term, returns for shareholders will be determined largely by the decisions a CEO makes in choosing which tools to use (and which to avoid) among these various options. Stated simply, two companies with identical operating results and different approaches to allocating capital will derive two very different long-term outcomes for shareholders.
William N. Thorndike Jr. (The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success)
The name ‘JSW’, you will note, is not particularly imaginative. Nor is it the kind of thing you would imagine is incredible intellectual property. Yet, in 2014, JSW Steel told shareholders that it would pay Rs 125 crore a year to a firm entirely owned by Sajjan Jindal’s wife, Sangita. In return, Sangita Jindal would graciously permit her husband to use the ‘JSW’ acronym, which JSW Steel insists her company, JSW Investments, owns.
Mihir S. Sharma (Restart: The Last Chance for the Indian Economy)
Ultimately, incentive structures and systems drive ESG investing, which can be disingenuous. Structurally, public market investors continue to focus on the incentives which maximize their financial returns, even while taking certain ESG inputs into account in their portfolio allocations. Only by regulating and incentivizing the actual outcomes might investors alter their investment strategies towards new rewards based on ESG outputs.
Roger Spitz (The Definitive Guide to Thriving on Disruption: Volume IV - Disruption as a Springboard to Value Creation)
Three Steps to Less Collect data by tracking your time, energy, and resources to identify patterns. Focus on one thing at a time. Eliminate multitasking and other unproductive behaviors. Implement the Pareto Principle (the 80/20 Rule). Focus on the things in your life that give you the highest return on investment.
Ari Meisel (The Art Of Less Doing: One Entrepreneur's Formula for a Beautiful Life)
Most people try to be all things to all people and, in so doing, achieve nothing. Elite performers have a laser-like focus on their highest priorities and an acute awareness of the best uses of their time. In fact, they build their whole lives around the activities that offer them the highest return on investment. They are good at saying no.
Robin S. Sharma (The Mastery Manual)
Think long and hard whether you have reached that mature stage of selflessness for this one you think you love so much. The love you enjoy will be the best thing that ever happened to you, but it will cost you your independence.... The responsibility of marriage and family demands time, and when we cheat on that, we rob ourselves of the investment returns.
Ravi Zacharias (I, Isaac, Take Thee, Rebekah)
Public support must be husbanded as a finite national resource. It must be spent wisely, sparingly, and with the greatest return on your investment.
Max Brooks (World War Z: An Oral History of the Zombie War)
I would give you my heart, but you would just give it back, so I give you my words instead.
N'Zuri Za Austin
You do not make money borrowing money; you make money making money-making money. - On Making Money
Lamine Pearlheart (Awakening)
Expecting success without hard work is anticipating the returns without any investment.
Ebinezar Gnanasekaran
other than to observe that friendship has to flow both ways. Both of you have to be willing to invest in the friendship in order to maintain
Nicholas Sparks (The Return)
an investment in education gives the best returns
Benjamin Franklin
In business, there are no bad people. No one comes in to work to do a bad job on purpose.
David E. Wile (Why Doers Do: Managing Human Performance to Optimize the Return on Your People Investment)
Are the returns on my journey equal to the length of the road behind me? And if not, have I realized the pressing need to surrender to God the road in front of me?
Craig D. Lounsbrough (Flecks of Gold on a Path of Stone: Simple Truths for Profound Living)
There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact. —MARK TWAIN
Michael Crichton (State of Fear)
Marketing is the greatest return-on-investment activity a business can ever do. Let
Jay Abraham (The Sticking Point Solution: 9 Ways to Move Your Business from Stagnation to Stunning Growth In Tough Economic Times)
The winning formula for success in investing is owning the entire stock market through an index fund, and then doing nothing. Just stay the course.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits))
It’s amazing how difficult it is for a man to understand something if he’s paid a small fortune not to understand it.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits))
the higher returns of the largest endowments are not due primarily to greater risk taking but to a more sophisticated investment strategy that consistently produces better results.
Thomas Piketty (Capital in the Twenty-First Century)
To perceive the aura of an object we look at means to invest it with the ability to look at us in return.
Walter Benjamin (Baudelaire)
Product people are the stewards or guides who serve to ensure that these products, as investment assets, are tended to and nurtured to produce returns.
Steven Haines (The Product Manager's Survival Guide: Everything You Need to Know to Succeed as a Product Manager)
Jesus set an example for us by making time for His friends (John 15:15). He had three best friends, 12 good friends, and 70 friends. Dr. J. Nick Pitts points out, “The smaller the number, the greater the intimacy. Buddies can bless you, but best friends shape you (Proverbs 27:17). You give time to your friends, but they give you life—an invaluable return on investment.”32
Walt Larimore (Fit over 50: Make Simple Choices Today for a Healthier, Happier You)
The structure of the corporation is a telling case in point—and it is no coincidence that the first major joint-stock corporations in the world were the English and Dutch East India companies, ones that pursued that very same combination of exploration, conquest, and extraction as did the conquistadors. It is a structure designed to eliminate all moral imperatives but profit. The executives who make decisions can argue—and regularly do—that, if it were their own money, of course they would not fire lifelong employees a week before retirement, or dump carcinogenic waste next to schools. Yet they are morally bound to ignore such considerations, because they are mere employees whose only responsibility is to provide the maximum return on investment
David Graeber (Debt: The First 5,000 Years)
An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his purse into his head, no man can take it away from him.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
An active manager must overcome the drag of about 3.25 percent in annual operating costs. If the fund manager is only to match the market’s historical 9 percent return, he or she must return 12.25 percent before all those costs. In other words, to do merely as well as the market, an active fund manager must be able to outperform the market return by over one-third or 34.1 percent!5
Charles D. Ellis (Winning the Loser's Game: Timeless Strategies for Successful Investing)
Traditional waterfall methods deliver value at the end of the project, often months or years after the project begins. Agile projects can deliver value quickly and incrementally during the life of the project. Capturing value early and often can significantly improve a project's return on investment, and utilizing iterative, feature-based delivery is the cornerstone practice in making that happen.
Jim Highsmith (Agile Project Management: Creating Innovative Products)
The overthrow of the communist regime is clearly its objective, but how far is it willing to go? While the Fraternity asks for donations to help refugees, these funds may possibly be going toward a Movement of armed refugees in Thailand. Rumors are that the Fraternity has invested in certain businesses whose profits it reaps. The most disappointing aspect of the Fraternity is the false hope it peddles to our countrymen that we can one day take our country back through force. We would be better off if we pursued reconciliation peacefully, in the hopes that one day we in exile can return to help rebuild our country.
Viet Thanh Nguyen (The Sympathizer)
One concept lately gaining momentum is “impact investing” or “triple-bottom-line investing,” whereby investors back businesses that generate financial returns and meet measurable social or environmental goals.
Peter H. Diamandis (Abundance: The Future is Better Than You Think)
Even a relatively mild inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital. When the inflation collapses, or is brought to a halt, the misdirected capital investment—whether in the form of machines, factories or office buildings—cannot yield an adequate return and loses the greater part of its value.
Henry Hazlitt (Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics)
I wouldn’t let you upset me,” she mumbles. “Good!” I laugh and smile at her. I see the tiniest smile in return. “I’m just trying to say…we’re not so different. And, maybe, because of that, you can understand how I feel. I had my own dreams, too, Rinni. I had a shop. I wanted to help people with my talents when it came to herbs and potions. The whole town depended on me and invested in me so I could do it. That profession—herbalist—was my painting. But the world wanted me to be something different. “So, no, I’m not held hostage in the literal sense. But it can feel that way, especially because the life I planned for myself is out of reach.
Elise Kova (A Deal with the Elf King (Married to Magic, #1))
If you give your people halfhearted leadership, you’ll get a halfhearted following. But if you invest yourself in them, if you have a heart for them, your people will return your investment with a heartfelt following.
Kevin Leman (The Way of the Shepherd: Seven Secrets to Managing Productive People)
This massive public investment wasn’t considered charity; an individual state saw a return of three to four dollars back for every dollar it invested in public colleges. When the public meant “white,” public colleges thrived.
Heather McGhee (The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together)
When we find out that Santa Claus isn’t the truth, we no longer believe in Santa Claus, and the power we invested in that symbol returns to us. This is when we become aware that we are the one who agreed to believe in Santa Claus.
Miguel Ruiz (The Fifth Agreement: A Practical Guide to Self-Mastery (A Toltec Wisdom Book))
Staying, we all know, is not the norm in our mobile culture. A great deal of money is spent each day to create desires in each of us that can never be fulfilled. I suspect that much of our restlessness is a return on this investment.
Jonathan Wilson-Hartgrove (The Wisdom of Stability: Rooting Faith in a Mobile Culture)
Even the women were upset. They did not shout like the men but each had made a certain sacrifice in marrying a man who could afford a home in the most expensive new subdivision in Los Angeles County and she expected a return on that investment.
Brit Bennett (The Vanishing Half)
A rupee invested in Page Industries’ IPO in March 2007 is worth Rs 34 presently (in April 2016), implying a compounded annual return of 47 per cent. That same rupee would be worth just Rs 2 if invested in the Sensex, implying a CAGR of 8 per cent. Thus
Saurabh Mukherjea (The Unusual Billionaires)
Over the course of an investing life, stuff is going to happen—both good and bad—that no one saw coming. Instead of playing the guessing game, focus on the opportunities in front of you. And there are always, in all markets, many opportunities. Yes, always!
Christopher W. Mayer (100 Baggers: Stocks That Return 100-To-1 and How to Find Them)
no forces interfere with the process of entry by competitors, profitability will be driven to levels at which efficient firms earn no more than a “normal” return on their invested capital. It is barriers to entry, not differentiation by itself, that creates strategic opportunities.
Bruce C. Greenwald (Competition Demystified: A Radically Simplified Approach to Business Strategy)
members of Congress, who often gain access to inside information about a company while they are lobbied and who also have some ability to influence the fate of companies through legislation, return a profit on their investments that beats market averages by 5 to 10 percent per year,
Nate Silver (The Signal and the Noise: Why So Many Predictions Fail-but Some Don't)
In the various phases of my life...I became friends with some extraordinary people. In each of those phases, I became particularly close to a small circle of individuals, and I simply assumed that I would remain close with them forever. Because we were hanging out then, my thinking went, we'd hang out forever. But friendships, I've learned aren't like that. Things change; people change. Friends mature and move and get married and have children.... Over time, if you're lucky, a few--or maybe just a couple--remain from each of the various phases of your life. ...I sometimes find myself wondering why some people remain in your life while others drift away. I don't have an answer to that, other than to observe that friendship has to flow both ways. Both of you have to be willing to invest in the friends in order to maintain it. [Trevor Benson]
Nicholas Sparks (The Return)
In fact, wealth-maximizing individuals compare the after-tax costs of debt with the after-tax returns from bonds, liquidating bond positions to pay off loans when the costs of debt exceed the returns from bonds. Rational investors consider liability positions when making asset allocations.
David F. Swensen (Unconventional Success: A Fundamental Approach to Personal Investment)
The simple fact is that selecting a mutual fund that will outpace the stock market over the long term is, using Cervantes’ wonderful observation, like “looking for a needle in the haystack.” So I offer you Bogle’s corollary: “Don’t look for the needle in the haystack. Just buy the haystack!
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
We don't practise generosity in order to secure gratitude, nor do we invest our gifts in the hope of a favourable return. Rather, it is nature that inclines us towards generosity. Just so, we don't seek friendship with an expectation of gain, but regard the feeling of love as its own reward.
Marcus Tullius Cicero (On the Good Life)
We have a “fast-food mentality” that expects an instant return on our investment of time, attention, and effort, a return that is concrete and clear. We are so comfortable charging forward and succeeding through our aggression and innovation that the idea of patience can seem contrary to our instincts.
John Lewis (Across That Bridge: Life Lessons and a Vision for Change)
A humorous treatment of the rigid uniformitarian view came from Mark Twain. Although the shortening of the Mississippi River he referred to was the result of engineering projects eliminating many of the bends in the river, it is a thought-provoking spoof: The Mississippi between Cairo and New Orleans was twelve hundred and fifteen miles long one hundred and seventy-six years ago. . . . Its length is only nine hundred and seventy-three miles at present. Now, if I wanted to be one of those ponderous scientific people, and “let on” to prove what had occurred in the remote past by what had occurred in a given time in the recent past . . . what an opportunity is here! Geology never had such a chance, nor such exact data to argue from! . . . In the space of one hundred and seventy-six years the Lower Mississippi has shortened itself two hundred and forty-two miles. That is an average of a trifle over one mile and a third per year. Therefore, any calm person, who is not blind or idiotic, can see that in the Old Oolitic Silurian Period, just a million years ago next November, the Lower Mississippi River was upwards of one million three hundred thousand miles long, and stuck out over the Gulf of Mexico like a fishing-rod. And by the same token any person can see that seven hundred and forty-two years from now the lower Mississippi will be only a mile and three-quarters long. . . . There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.
Mark Twain (Life on the Mississippi)
Of the many things America loves to pat itself on the back about, one of the things is an obsession with exploration, or the desire to seek places beyond the places you are from or the places you have been. It is one of the many parts in the overwhelming collage of American Freedom that Americans are told was fought for and won. The Green Book is fascinating as a not-so-distant relic because it pushes back against that particular American notion. For whom is exploration treacherous? When is it a good idea to maybe not venture out into the vast unknown, and who is the return on the investment of curiosity?
Hanif Abdurraqib (A Little Devil in America: Notes in Praise of Black Performance)
1. Project What is the project? Why is it unique? Why is the business needed? Why will customers love your product? 2. Partners Who are you? Who are the partners? What are your educational backgrounds? How much experience do you all have? How are you and your partners qualified to make the project a success? 3. Financing What is the total cost of the project? How much debt and how much equity is there? Are partners investing their own money? What is the investor’s return and reward for their risk? What are the tax consequences? Who is your CFO or accounting firm? Who is responsible for investor communications? What is the investor’s exit? 4. Management Who is running your company? What is their experience? What is their track record? Have they ever failed? How does their experience relate to your industry? Do you believe this is the strongest management team you can assemble? Can you pitch them with confidence?
Donald J. Trump (Midas Touch)
The Nobel Prize-winning economist James Heckman argues that investing in high-quality early learning will yield a rate of return of 6 to 10 percent per year per child—higher than historic stock market returns—in higher academic achievement, greater productivity in the workforce, and fewer drains on society.74
Brigid Schulte (Overwhelmed: Work, Love and Play When No One Has The Time)
the function of the system of financial intermediation (banks and financial markets): to find the best possible uses for capital, such that each available unit of capital is invested where it is most productive (at the opposite ends of the earth, if need be) and pays the highest possible return to the investor.
Thomas Piketty (Capital in the Twenty-First Century)
There is no question that the losing IPOs far outnumber the winners. Of the 8,606 firms examined, the returns on 6,796 of these firms, or 79 percent, have subsequently underperformed the returns on a representative small stock index, and almost half the firms have underper-formed by more than 10 percent per year.
Jeremy J. Siegel (Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies)
Distinguish big problems from small ones. You only have so much time and energy; make sure you are investing them in exploring the problems that, if fixed, will yield you the biggest returns. But at the same time, make sure you spend enough time with the small problems to make sure they’re not symptoms of larger ones.
Ray Dalio (Principles: Life and Work)
the split-strike conversion strategy. Option traders often referred to it as a “collar” or “bull spread.” Basically, it involved buying a basket of stocks, in Madoff’s case 30 to 35 blue-chip stocks that correlated very closely to the Standard & Poor’s (S&P) 100-stock index, and then protecting the stocks with put options. By bracketing an investment with puts and calls, you limit your potential profit if the market rises sharply; but in return you’ve protected yourself against devastating losses should the market drop. The calls created a ceiling on his gains when the market went up; the puts provided a floor to cut his losses when the market went down.
Harry Markopolos (No One Would Listen)
The Content Marketing Institute has derived a pithy one-sentence definition of this emerging field:5 “Content marketing is a marketing technique of creating and distributing relevant and valuable content to attract, acquire, and engage a clearly defined and understood target audience—with the objective of driving profitable customer action.
Eric Greenberg (Strategic Digital Marketing: Top Digital Experts Share the Formula for Tangible Returns on Your Marketing Investment)
What is famously called "the midlife crisis" is precisely such an erosion of programs and projections. We expect that by investing sincere energy in a career, a relationship, a set of roles, that they will return the investment in manifold, satisfying ways. We feverishly renew the projections, up the ante, and anxiously repress the insurgence of doubt once more. We do not realize that a projection has occurred, for it is an unconscious mechanism of our energeic unconscious. Only after it has painfully dissolved may we begin to recognize that we placed such a large agenda on such a frangible place, that we asked too much of the beloved, of others, of institutions, and perhaps of life itself.
James Hollis
As we’ll see, the 4% Roman rate of return is about the same as the aggregate return on capital (when stocks and bonds are considered together) in the U.S. in the twentieth century, and perhaps even a bit more than the aggregate return expected in the next century. (The 4% Roman rate was gold-based, so the return was a real, that is, after-inflation, return.) The
William J. Bernstein (The Four Pillars of Investing: Lessons for Building a Winning Portfolio)
No matter what we sow, the law of returns applies. Good or evil, love or hate, justice or tyranny, grapes or thorns, a gracious compliment or a peevish complaint—whatever we invest, we tend to get it back with interest. Lovers are loved; haters, hated. Forgivers usually get forgiven; those who live by the sword die by the sword. “God is not mocked, for you reap whatever you sow.
John Mark Comer (Live No Lies: Recognize and Resist the Three Enemies That Sabotage Your Peace)
It is the definition of the time period for the investment return and the predictability of the returns that often distinguish an investment from a speculation. A speculator buys stocks hoping for a short-term gain over the next days or weeks. An investor buys stocks likely to produce a dependable future stream of cash returns and capital gains when measured over years or decades.
Burton G. Malkiel (A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing)
Bear with me a moment, now. Chicken-sexing. Since hens have a far greater commercial value than males, cocks, roosters, it is apparently vital to determine the sex of a newly hatched chick. In order to know whether to expend capital on raising it or not, you see. A cock is nearly worthless, apparently, on the open market. The sex characteristics of newly hatched chicks, however, are entirely internal, and it is impossible with the naked eye to tell whether a given chick is a hen or a cock. This is what I have been told, at any rate. A professional chicken-sexer, however, can nevertheless tell. The sex. He can go through a brood of freshly hatched chicks, examining each one entirely by eye, and tell the poultry farmer which chicks to keep and which are cocks. The cocks are to be allowed to perish. “Hen, hen, cock, cock, hen,” and so on and so forth. This is apparently in Australia. The profession. And they are nearly always right. Correct. The fowl determined to be hens do in fact grow up to be hens and return the poultry farmer’s investment. What the chicken-sexer cannot do, however, is explain how he knows. The sex. It’s apparently often a patrilineal profession, handed down from father to son. Australia, New Zealand. Have him hold up a new-hatched chick, a young cock shall we say, and ask him how he can tell that it is a cock, and the professional chicken-sexer will apparently shrug his shoulders and say “Looks like a cock to me.” Doubtless adding “mate,” much the way you or I would add “my friend” or “sir.
David Foster Wallace (Brief Interviews with Hideous Men: Stories)
Second, it is also quite clear that, all things considered, this very high level of public debt served the interests of the lenders and their descendants quite well, at least when compared with what would have happened if the British monarchy had financed its expenditures by making them pay taxes. From the standpoint of people with the means to lend to the government, it is obviously far more advantageous to lend to the state and receive interest on the loan for decades than to pay taxes without compensation. Furthermore, the fact that the government’s deficits increased the overall demand for private wealth inevitably increased the return on that wealth, thereby serving the interests of those whose prosperity depended on the return on their investment in government bonds.
Thomas Piketty (Capital in the Twenty-First Century)
As far as agricultural GDP is concerned, in today’s China additional investment in high-quality roads no longer has a statistically significant impact while low-quality roads are not only significant but also generate 1.57 yuan of agricultural GDP for every yuan invested. Investment in low-quality roads also generates high returns in rural nonfarm GDP. Every yuan invested in low-quality roads yields more than 5 yuan of rural nonfarm GDP. Low-quality roads also raise more poor people out of poverty per yuan invested than high-quality roads, making them a win–win strategy for growth in agriculture and poverty alleviation. In Africa, governments can learn from the Chinese experience and make sure their road programs give adequate priority to lower-quality and rural feeder roads.
Calestous Juma (The New Harvest: Agricultural Innovation in Africa)
Omigod. He gave you a car?" "He said it was an investment in our working relationship. What does that mean?" "What kind of car is it?" "A new Porsche." "That's at least oral sex." "Be serious!" I said. "Okay, the truth is . . . It's beyond oral sex. It could be, you know, butt stuff." "I'll return the car." "Stephanie, this is a Porsche!" "And I think he's flirting with me, but I'm not sure.
Janet Evanovich (High Five (Stephanie Plum, #5))
What went wrong was their rejection of basic bedrock principles of investing—that high returns are leg-shackled to high risks; that you should never put all your eggs in one basket; that you should never invest in something you cannot understand. They failed to see that no one should hand all their money over to anyone simply because they trust him, or because someone they admire trusts him.
Diana B. Henriques (The Wizard of Lies: Bernie Madoff and the Death of Trust)
Far more probability estimates are wrong on the “over-optimistic” side than the “under-optimistic” side. You’ll rarely read about an investor who aimed for 25% annual return rates who subsequently earned 40% over a long period of time. You can throw a dart at the Wall Street Journal and hit the names of lots of investors who aim for 25% per annum with each investment and end up closer to 10%.
Shane Parrish (The Great Mental Models: General Thinking Concepts)
It will also tell you how easy it is to do just that: simply buy the entire stock market. Then, once you have bought your stocks, get out of the casino and stay out. Just hold the market portfolio forever. And that’s what the index fund does. This investment philosophy is not only simple and elegant. The arithmetic on which it is based is irrefutable. But it is not easy to follow its discipline. So
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits 21))
most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those investors without active management expertise. Few institutions and even fewer individuals exhibit the ability and commit the resources to produce risk-adjusted excess returns.
David F. Swensen (Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated)
Country Future Index. It’s an alternative to the GNP measurement, taking into account debt, political stability, environmental health and the like. A useful cross-check on the GNP, and it helps tag countries that could use our help. We identify those, go to them and offer them a massive capital investment, plus political advice, security, whatever they need. In return we take custody of their bioinfrastructure.
Kim Stanley Robinson (Green Mars (Mars Trilogy, #2))
The strangulation of Germany’s economy hastened the final plunge of the mark. On the occupation of the Ruhr in January 1923, it fell to 18,000 to the dollar; by July 1 it had dropped to 160,000; by August 1 to a million. By November, when Hitler thought his hour had struck, it took four billion marks to buy a dollar, and thereafter the figures became trillions. German currency had become utterly worthless. Purchasing power of salaries and wages was reduced to zero. The life savings of the middle classes and the working classes were wiped out. But something even more important was destroyed: the faith of the people in the economic structure of German society. What good were the standards and practices of such a society, which encouraged savings and investment and solemnly promised a safe return from them and then defaulted? Was this not a fraud upon the people?
William L. Shirer (The Rise and Fall of the Third Reich)
The shareholders who own the businesses in this book have other, nonfinancial priorities in addition to their financial objectives. Not that they don’t want to earn a good return on their investment, but it’s not their only goal, or even necessarily their paramount goal. They’re also interested in being great at what they do, creating a great place to work, providing great service to customers, having great relationships with their suppliers, making great contributions to the communities they live and work in, and finding great ways to lead their lives. They’ve learned, moreover, that to excel in all those things, they have to keep ownership and control inside the company and, in many cases, place significant limits on how much and how fast they grow. The wealth they’ve created, though substantial, has been a byproduct of success in these other areas. I call them small giants.
Bo Burlingham (Small Giants: Companies That Choose to be Great Instead of Big)
The hell of it is that my son, my only child, has to turn out to be,” he added with a return of his old spirit, black eyes flashing, “the one man in Washington, D.C. who hates my guts!” “You weren’t too fond of him, either, if you recall,” she pointed out. He glared at her. “He’s hot-tempered and arrogant and stubborn!” “Look who he gets it from,” she said with a grin. He unlinked his hands as he considered that. “Those can be desirable traits,” he agreed with a faint smile. “Anyway, it’s nice to know I won’t die childless,” he said after a minute. He lifted his eyes to her face. “Leta can’t know any of this. When and if the time comes, I’ll tell her.” “Who’s going to tell him?” she ventured. “You?” he suggested. “In your dreams,” she said with a sweet smile. He stuffed his hands back into his pockets. “We’ll cross that bridge when the river comes over it. You’ll be careful, do you hear me? I’ve invested a lot of time and energy into hijacking you for my museum. Don’t take the slightest risk. If you think you’ve been discovered, get out and take Leta with you.” “She’s afraid to fly,” she pointed out. “She won’t get in an airplane unless it’s an emergency.” “Then I’ll come out and stuff her into a car and drive her to the airport and put her on a plane,” he said firmly. She pursed her lips. He was very like Tate. “I guess you would, at that.
Diana Palmer (Paper Rose (Hutton & Co. #2))
screening option was created specifically for this book, magicformulainvesting.com. The magicformula investing.com site is designed to emulate the returns achieved in our study as closely as possible. This site is currently available for free. Step-by-step instructions for selecting stocks using magicformulainvesting.com follow. Other options include, but are not limited to, the screening packages available at aaii.com, powerinvestor.com, and smart money.com.
Joel Greenblatt (The Little Book That Still Beats the Market)
Madoff was not inhumanly monstrous. He was monstrously human. He was greedy for money and praise, arrogantly sure of his own capacity to pull it off, smugly dismissive of skeptics—just like anyone who mortgaged the house to invest in tech stocks, or tapped the off-limits college fund to gamble on a new business, or put all the retirement savings into a hedge fund they didn’t understand, or cheated a little on the tax return or the expense account or the spouse.
Diana B. Henriques (The Wizard of Lies: Bernie Madoff and the Death of Trust)
An American home has not, historically speaking, been a lucrative investment. In fact, according to an index developed by Robert Shiller and his colleague Karl Case, the market price of an American home has barely increased at all over the long run. After adjusting for inflation, a $10,000 investment made in a home in 1896 would be worth just $10,600 in 1996. The rate of return had been less in a century than the stock market typically produces in a single year.
Nate Silver (The Signal and the Noise: Why So Many Predictions Fail-but Some Don't)
Theory,” it was an operating principle of our friendship. We came to define Shine Theory as an investment, over the long term, in helping a friend be their best—and relying on their help in return. It is a conscious decision to bring our full selves to our friendships and to not let insecurity or envy ravage them. It’s a practice of cultivating a spirit of genuine happiness and excitement when our friends are doing well, and being there for them when they aren’t.
Aminatou Sow (Big Friendship: How We Keep Each Other Close)
The fashion now is to think of universities as industries or businesses. University presidents, evidently thinking of themselves as CEO's, talk of "business plans" and "return on investment," as if the industrial economy could provide an aim and a critical standard appropriate either to education or to research. But this is not possible. No economy, industrial or otherwise, can supply an appropriate aim or standard. Any economy must be either true or false to the world and to our life in it. If it is to be true, then it must be made true, according to a standard that is not economic. To regard the economy as an end or as the measure of success is merely to reduce students, teachers, researchers, and all they know or learn to merchandise. It reduces knowledge to "property" and education to training for the "job market." If, on the contrary, [Sir Albert] Howard was right in his belief that health is the "one great subject," then a unifying aim and a common critical standard are clearly implied. Health is at once quantitative and qualitative; it requires both sufficiency and goodness. It is comprehensive (it is synonymous with "wholeness"), for it must leave nothing out. And it is uncompromisingly local and particular; it has to do with the sustenance of particular places, creatures, human bodies, and human minds. If a university began to assume responsibility for the health of its place and its local constituents, then all of its departments would have a common aim, and they would have to judge their place and themselves and one another by a common standard. They would need one another's knowledge. They would have to communicate with one another; the diversity of specialists would have to speak to one another in a common language. And here again Howard is exemplary, for he wrote, and presumably spoke, a plain, vigorous, forthright English-- no jargon, no condescension, no ostentation, no fooling around.
Wendell Berry
The key difference between gods and men in the manner of their dying was that men possessed only two deep obligations: to the earth, from which came their flesh, and to the stars, from which came their soul. Neither earth nor stars were particularly concerned about the return on their investment. Humans were very good at adding order to the earth, and enlivening the world of the stars with ideas and myth. When a human being died, nobody had a vested interest in keeping her around.
Max Gladstone (Three Parts Dead (Craft Sequence, #1))
I begin to see how a post-money society would work in practice. When we are in paid employment, we are exchanging our labour in return for money in order to live within a money-based society, nothing more. Both sides in the labour-salary exchange are motivated by self-interest. But when we volunteer our labour for a cause, for a better world, we are not so much exchanging our labour as investing it directly into the world we want to see. Notes for Utopia: there will be no money when we get there.
Cliff James (Life As A Kite)
That animal is not your possession. He doesn't exist for your amusement. He has needs, instincts. Urges." The way he said that word, in that deep, earthy growl, had chills rippling over her skin. She swallowed hard. "Urges?" "Yes. Urges." He sauntered toward her- as much as a man could saunter in knee-deep water. "But what could a lady like you know about those?" "Oh, I understand urges. Right now, I have the powerful urge to do this." She shoved him hard in the chest, hoping to send him flailing backward into the river. He didn't budge. Not a teeter. Not a totter. Not even a blink. Penny would not surrender. She took a step in reverse and then tried again, adding the weight of her body to the effort. This time, he was ready for her. He caught her wrists in his hands, stopping her before she could even make contact. "Now, now, Your Ladyship. This is most unbecoming behavior." "I know that." She clenched her hands into fists. "You are so maddening. You have a way of provoking me, unlike anyone I've ever known. It's as though I become a different person when I'm around you, and I'm not certain I like her." He pulled her to him. "I like her." Penny expected he would shortly ruin that statement. I like her- smoldering pause- potential to increase the return on my property investment. Not this time. Instead, he lowered his head until his mouth brushed hers. Teased her lips apart, until his tongue brushed hers. And then they tumbled together against the riverbank, and his everything brushed hers.
Tessa Dare (The Wallflower Wager (Girl Meets Duke, #3))
A tax on capital would be a less violent and more efficient response to the eternal problem of private capital and its return. A progressive levy on individual wealth would reassert control over capitalism in the name of the general interest while relying on the forces of private property and competition. Each type of capital would be taxed in the same way, with no discrimination a priori, in keeping with the principle that investors are generally in a better position than the government to decide what to invest in.
Thomas Piketty (Capital in the Twenty-First Century)
Most non-European empires of the early modern era were established by great conquerors such as Nurhaci and Nader Shah, or by bureaucratic and military elites as in the Qing and Ottoman empires. Financing wars through taxes and plunder (without making fine distinctions between the two), they owed little to credit systems, and they cared even less about the interests of bankers and investors. In Europe, on the other hand, kings and generals gradually adopted the mercantile way of thinking, until merchants and bankers became the ruling elite. The European conquest of the world was increasingly financed through credit rather than taxes, and was increasingly directed by capitalists whose main ambition was to receive maximum returns on their investments. The empires built by bankers and merchants in frock coats and top hats defeated the empires built by kings and noblemen in gold clothes and shining armour. The mercantile empires were simply much shrewder in financing their conquests. Nobody wants to pay taxes, but everyone is happy to invest.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
In the 1880s Chicago was experiencing explosive growth that propelled land values to levels no one could have imagined, especially within the downtown “Loop,” named for the turn-around loops of streetcar lines. As land values rose, landowners sought ways of improving the return on their investments. The sky beckoned. The most fundamental obstacle to height was man’s capacity to walk stairs, especially after the kinds of meals men ate in the nineteenth century, but this obstacle had been removed by the advent of the elevator
Erik Larson (The Devil in the White City)
But Welch's approach benefited GE because it made each unit accountable and did away with inefficiencies. The business rules across the company were: be number one or two in a market or get out, and generate high returns on investments. If a business unit failed in either of these areas, it was sold. Welch's method ensured that each unit was being run profitably, while allowing unit heads significant flexibility and independence. The plan worked. GE's market value skyrocketed. Valued at $12 billion in 1981, it was valued at $375 billion twenty-five years later.
Ori Brafman (The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations)
Suppose I invest $10,000 in shares of a big petrochemical corporation, which provides me with an annual 5 percent return on my investment. The corporation is highly profitable because it does not pay for externalities. It dumps toxic waste into a nearby river without caring about the damage it causes to the regional water supply, to the public’s health, or to the local wildlife. It uses its wealth to enlist a legion of lawyers who protect it against any demand for compensation. It also retains lobbyists who block any attempt to legislate stronger environmental regulations.
Yuval Noah Harari (21 Lessons for the 21st Century)
Rockefeller immediately put those insights to use. At twenty-five, a group of investors offered to invest approximately $500,000 at his direction if he could find the right oil wells in which to deploy the money. Grateful for the opportunity, Rockefeller set out to tour the nearby oil fields. A few days later, he shocked his backers by returning to Cleveland empty-handed, not having spent or invested a dollar of the funds. The opportunity didn’t feel right to him at the time, no matter how excited the rest of the market was—so he refunded the money and stayed away from drilling. It
Ryan Holiday (The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph)
However, the typical representation of an investor is someone who mostly looks at prices when planning his or her actions; price-only investors tend to underperform value investors. Effective investors, on the other hand, think like businesspeople, allocating capital within the firm to projects with high expected returns. Allocators—individuals making calculated capital allocations to projects or firms—play a vital role in growing the economy for us all by directing resources to the most effective value-creating organizations. We would all be better off if more investors thought like allocators.
Nick Gogerty (The Nature of Value: How to Invest in the Adaptive Economy (Columbia Business School Publishing))
Nominal assets are subject to a substantial inflation risk: if you invest 10,000 euros in a checking or savings account or a nonindexed government or corporate bond, that investment is still worth 10,000 euros ten years later, even if consumer prices have doubled in the meantime. In that case, we say that the real value of the investment has fallen by half: you can buy only half as much in goods and services as you could have bought with the initial investment, so that your return after ten years is −50 percent, which may or may not have been compensated by the interest you earned in the interim.
Thomas Piketty (Capital in the Twenty-First Century)
Speculators, meanwhile, have seized control of the global economy and the levers of political power. They have weakened and emasculated governments to serve their lust for profit. They have turned the press into courtiers, corrupted the courts, and hollowed out public institutions, including universities. They peddle spurious ideologies—neoliberal economics and globalization—to justify their rapacious looting and greed. They create grotesque financial mechanisms, from usurious interest rates on loans to legalized accounting fraud, to plunge citizens into crippling forms of debt peonage. And they have been stealing staggering sums of public funds, such as the $65 billion of mortgage-backed securities and bonds, many of them toxic, that have been unloaded each month on the Federal Reserve in return for cash.21 They feed like parasites off of the state and the resources of the planet. Speculators at megabanks and investment firms such as Goldman Sachs are not, in a strict sense, capitalists. They do not make money from the means of production. Rather, they ignore or rewrite the law—ostensibly put in place to protect the weak from the powerful—to steal from everyone, including their own shareholders. They produce nothing. They make nothing. They only manipulate money. They are no different from the detested speculators who were hanged in the seventeenth century, when speculation was a capital offense. The obscenity of their wealth is matched by their utter lack of concern for the growing numbers of the destitute. In early 2014, the world’s 200 richest people made $13.9 billion, in one day, according to Bloomberg’s billionaires index.22 This hoarding of money by the elites, according to the ruling economic model, is supposed to make us all better off, but in fact the opposite happens when wealth is concentrated in the hands of a few individuals and corporations, as economist Thomas Piketty documents in his book Capital in the Twenty-First Century.23 The rest of us have little or no influence over how we are governed, and our wages stagnate or decline. Underemployment and unemployment become chronic. Social services, from welfare to Social Security, are slashed in the name of austerity. Government, in the hands of speculators, is a protection racket for corporations and a small group of oligarchs. And the longer we play by their rules the more impoverished and oppressed we become. Yet, like
Chris Hedges (Wages of Rebellion)
On Sunday morning, April 12th, my wife woke from what was really a deep, profound sleep and as she was waking a voice distinctly spoke to her; and the voice spoke to her; and the voice spoke with great authority and it said to her: "You must stop spending your thoughts, your time and your money; everything in life must be an investment." So she quickly wrote it down and went straight to the dictionary to look up the two important words in the sentence, 'spending' and 'investing': the dictionary defines 'spending' as "to waste, to squander, to layout without return." To 'invest' is to "layout for a purpose, for which a profit is expected".
Neville Goddard (Sound Investments)
Another roadblock to opting for an insurance cover amongst the customers is that in case they do not claim, they get nothing back in return to the premium they invested. Hence they consider insurance to be a dead investment. They need to be educated that insurance is more like a social cause. Insurance by its very principles is collection of money by many to pay to a few, in their times of distress. Rather than considering it to be a passive investment, it should be treated as an active social participation where you are securing yourself as well as helping others in their direst times of need. Then it has a higher meaning and everyone feels good to be a part of it.
Tapan Singhel
it is clear that for the large majority of individual investors, taking a shower and doing nothing would have been a better policy than implementing the ideas that came to their minds. Later research by Odean and his colleague Brad Barber supported this conclusion. In a paper titled “Trading Is Hazardous to Your Wealth,” they showed that, on average, the most active traders had the poorest results, while the investors who traded the least earned the highest returns. In another paper, titled “Boys Will Be Boys,” they showed that men acted on their useless ideas significantly more often than women, and that as a result women achieved better investment results than men.
Daniel Kahneman (Thinking, Fast and Slow)
To spend a lot of money on women that you have not had sex with is also a bad idea for a range of other reasons. First, you risk making a woman feel uncomfortable, either by making her feel like she owes you something or by making her feel like a whore because you expect sex in return. Second, it costs too much, so it is not even possible to do this with every woman you want to have sex with unless you are rich. Third, it is a gamble, not an investment, as you are not guaranteed sex in return. Fourth, it makes you look inadequate if you appear to try to impress a woman with your wealth. Finally, it is unnecessary, as most women are not attracted to wealthy males, but masculine males.
W. Anton (The Manual: What Women Want and How to Give It to Them)
The average doctor may be more likely than the average widow to elect to become an enterprising investor, and he is perhaps more likely to succeed in the undertaking. He has one important handicap, however—the fact that he has less time available to give to his investment education and to the administration of his funds. In fact, medical men have been notoriously unsuccessful in their security dealings. The reason for this is that they usually have an ample confidence in their own intelligence and a strong desire to make a good return on their money, without the realization that to do so successfully requires both considerable attention to the matter and something of a professional approach to security values.
Benjamin Graham (The Intelligent Investor)
To be sure, the cost of managing capital and of “formal” financial intermediation (that is, the investment advice and portfolio management services provided by a bank or official financial institution or real estate agency or managing partner) is obviously taken into account and deducted from the income on capital in calculating the average rate of return (as presented here). But this is not the case with “informal” financial intermediation: every investor spends time—in some cases a lot of time—managing his own portfolio and affairs and determining which investments are likely to be the most profitable. This effort can in certain cases be compared to genuine entrepreneurial labor or to a form of business activity.
Thomas Piketty (Capital in the Twenty-First Century)
Obviously, in those situations, we lose the sale. But we’re not trying to maximize each and every transaction. Instead, we’re trying to build a lifelong relationship with each customer, one phone call at a time. A lot of people may think it’s strange that an Internet company is so focused on the telephone, when only about 5 percent of our sales happen through the telephone. In fact, most of our phone calls don’t even result in sales. But what we’ve found is that on average, every customer contacts us at least once sometime during his or her lifetime, and we just need to make sure that we use that opportunity to create a lasting memory. The majority of phone calls don’t result in an immediate order. Sometimes a customer may be calling because it’s her first time returning an item, and she just wants a little help stepping through the process. Other times, a customer may call because there’s a wedding coming up this weekend and he wants a little fashion advice. And sometimes, we get customers who call simply because they’re a little lonely and want someone to talk to. I’m reminded of a time when I was in Santa Monica, California, a few years ago at a Skechers sales conference. After a long night of bar-hopping, a small group of us headed up to someone’s hotel room to order some food. My friend from Skechers tried to order a pepperoni pizza from the room-service menu, but was disappointed to learn that the hotel we were staying at did not deliver hot food after 11:00 PM. We had missed the deadline by several hours. In our inebriated state, a few of us cajoled her into calling Zappos to try to order a pizza. She took us up on our dare, turned on the speakerphone, and explained to the (very) patient Zappos rep that she was staying in a Santa Monica hotel and really craving a pepperoni pizza, that room service was no longer delivering hot food, and that she wanted to know if there was anything Zappos could do to help. The Zappos rep was initially a bit confused by the request, but she quickly recovered and put us on hold. She returned two minutes later, listing the five closest places in the Santa Monica area that were still open and delivering pizzas at that time. Now, truth be told, I was a little hesitant to include this story because I don’t actually want everyone who reads this book to start calling Zappos and ordering pizza. But I just think it’s a fun story to illustrate the power of not having scripts in your call center and empowering your employees to do what’s right for your brand, no matter how unusual or bizarre the situation. As for my friend from Skechers? After that phone call, she’s now a customer for life. Top 10 Ways to Instill Customer Service into Your Company   1. Make customer service a priority for the whole company, not just a department. A customer service attitude needs to come from the top.   2. Make WOW a verb that is part of your company’s everyday vocabulary.   3. Empower and trust your customer service reps. Trust that they want to provide great service… because they actually do. Escalations to a supervisor should be rare.   4. Realize that it’s okay to fire customers who are insatiable or abuse your employees.   5. Don’t measure call times, don’t force employees to upsell, and don’t use scripts.   6. Don’t hide your 1-800 number. It’s a message not just to your customers, but to your employees as well.   7. View each call as an investment in building a customer service brand, not as an expense you’re seeking to minimize.   8. Have the entire company celebrate great service. Tell stories of WOW experiences to everyone in the company.   9. Find and hire people who are already passionate about customer service. 10. Give great service to everyone: customers, employees, and vendors.
Tony Hsieh (Delivering Happiness: A Path to Profits, Passion, and Purpose)
Cicero once wrote that to be completely free one must become a slave to a set of laws. In other words, accepting limitations is liberating. For example, by making up one’s mind to invest psychic energy exclusively in a monogamous marriage, regardless of any problems, obstacles, or more attractive options that may come along later, one is freed of the constant pressure of trying to maximize emotional returns. Having made the commitment that an old-fashioned marriage demands, and having made it willingly instead of being compelled by tradition, a person no longer needs to worry whether she has made the right choice, or whether the grass might be greener somewhere else. As a result a great deal of energy gets freed up for living, instead of being spent on wondering about how to live.
Mihaly Csikszentmihalyi (Flow: The Classic Work On How To Achieve Happiness: The Psychology of Happiness)
I am interested in helping people to understand how to sell what it is they need to sell in a way that makes sense for both them and the investor.  Over the years what I have been astounded that many artists and business people who produce theatre works consistently do not know how to go about funding their projects and moving them from one point to the other.  There are many money sources around, but in many cases people who make theatre are not business minded to the point of developing the skills to mine money sources consistently.  Ask yourself what is the motivation of this potential investor. Is it for financial return, is it for tax credit, is it just to help? or do they want to become a part of the entertainment business?  OK once you have discovered this then you need to think in terms of how do you present your case. This is what has come to be known in the world of investment as your “pitch deck.
Teddy Hayes (The Guerrilla Guide To Being A Theatrical Producer)
We believe that a fundamental measure of our success will be the shareholder value we create over the long term. This value will be a direct result of our ability to extend and solidify our current market leadership position. The stronger our market leadership, the more powerful our economic model. Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital. Our decisions have consistently reflected this focus. We first measure ourselves in terms of the metrics most indicative of our market leadership: customer and revenue growth, the degree to which our customers continue to purchase from us on a repeat basis, and the strength of our brand. We have invested and will continue to invest aggressively to expand and leverage our customer base, brand, and infrastructure as we move to establish an enduring franchise.
Brad Stone (The Everything Store: Jeff Bezos and the Age of Amazon)
Any so-called 'radical' strategy that seeks to empower the disempowered in the realm of social reproduction by opening up that realm to monetisation and market forces is headed in exactly the wrong direction. Providing financial literacy classes for the populace at large will simply expose that population predatory practices as they seek to manage their own investment portfolios like minnows swimming in a sea of sharks. Providing microcredit and microfinance facilities encourages people to participate in the market economy but does so in such a way as to maximise the energy they have to expend while minimising their returns. Providing legal title for land property ownership in the hope that this will bring economic and social stability to the lives of the marginalised will almost certainly lead in the long run to their dispossession and eviction from that space and place they already hold through customary use rights.
David Harvey (Seventeen Contradictions and the End of Capitalism)
Unlike and superior to either of those two typical remnants of mediævalism, the old barn embodied practices which had suffered no mutilation at the hands of time. Here at least the spirit of the ancient builders was at one with the spirit of the modern beholder. Standing before this abraded pile, the eye regarded its present usage, the mind dwelt upon its past history, with a satisfied sense of functional continuity throughout—a feeling almost of gratitude, and quite of pride, at the permanence of the idea which had heaped it up. The fact that four centuries had neither proved it to be founded on a mistake, inspired any hatred of its purpose, nor given rise to any reaction that had battered it down, invested this simple grey effort of old minds with a repose, if not a grandeur, which a too curious reflection was apt to disturb in its ecclesiastical and military compeers. For once mediævalism and modernism had a common stand-point. The lanceolate windows,
Thomas Hardy (Thomas Hardy Six Pack – Far from the Madding Crowd, The Return of the Native, A Pair of Blue Eyes, Tess of the D’Urbervilles, Jude the Obscure and Elegy ... (Illustrated) (Six Pack Classics Book 5))
Each one, then, should love his life, even though it be not very attractive, for it is the only life. It is a boon that will never return and that each person should tend and enjoy with care; it is one's capital, large or small, and can not be treated as an investment like those whose dividends are payable through eternity. Life is an annuity; nothing is more certain than that. So that all efforts are to be respected that tend to ameliorate the tenure of this perishable possession which, at the end of every day, has already lost a little of its value. Eternity, the bait by which simple folk are still lured, is not situated beyond life, but in life itself, and is divided among all men, all creatures. Each of us holds but a small portion of it, but that share is so precious that it suffices to enrich the poorest. Let us then take the bitter and the sweet in confidence, and when the fall of the days seems to whirl about us, let us remember that dusk is also dawn.
Remy de Gourmont (Philosophic Nights in Paris (English and French Edition))
A large brand will typically spend between 10 and 20 percent of their media buy on creative,” DeJulio explains. “So if they have a $500 million media budget, there’s somewhere between $50 to $100 million going toward creating content. For that money they’ll get seven to ten pieces of content, but not right away. If you’re going to spend $1 million on one piece of content, it’s going to take a long time—six months, nine months, a year—to fully develop. With this budget and timeline, brands have no margin to take chances creatively.” By contrast, the Tongal process: If a brand wants to crowdsource a commercial, the first step is to put up a purse—anywhere from $50,000 to $200,000. Then, Tongal breaks the project into three phases: ideation, production, and distribution, allowing creatives with different specialties (writing, directing, animating, acting, social media promotion, and so on) to focus on what they do best. In the first competition—the ideation phase—a client creates a brief describing its objective. Tongal members read the brief and submit their best ideas in 500 characters (about three tweets). Customers then pick a small number of ideas they like and pay a small portion of the purse to these winners. Next up is production, where directors select one of the winning concepts and submit their take. Another round of winners are selected and these folks are given the time and money to crank out their vision. But this phase is not just limited to these few winning directors. Tongal also allows anyone to submit a wild card video. Finally, sponsors select their favorite video (or videos), the winning directors get paid, and the winning videos get released to the world. Compared to the seven to ten pieces of content the traditional process produces, Tongal competitions generate an average of 422 concepts in the idea phase, followed by an average of 20 to 100 finished video pieces in the video production phase. That is a huge return for the invested dollars and time.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
Markopolos first heard about Madoff in the late 1980s. The hedge fund he worked for had noticed Madoff’s spectacular returns, and they wanted Markopolos to copy Madoff’s strategy. Markopolos tried. But he couldn’t figure out what Madoff’s strategy was. Madoff claimed to be making his money based on heavy trading of a financial instrument known as a derivative. But there was simply no trace of Madoff in those markets. “I was trading huge amounts of derivatives every year, and so I had relationships with the largest investment banks that traded derivatives,” Markopolos remembers. So I called the people that I knew on the trading desks: “Are you trading with Madoff?” They all said no. Well, if you are trading derivatives, you pretty much have to go to the largest five banks to trade the size that he was trading. If the largest five banks don’t know your trades and are not seeing your business, then you have to be a Ponzi scheme. It’s that easy. It was not a hard case. All I had to do was pick up the phone, really.
Malcolm Gladwell (Talking to Strangers: What We Should Know About the People We Don’t Know)
So what do we do? Well, if you’re like I used to be, you avoid using anything at all. You aim to keep your options open as long as possible. You avoid commitment. But while investing deeply in one person, one place, one job, one activity might deny us the breadth of experience we’d like, pursuing a breadth of experience denies us the opportunity to experience the rewards of depth of experience. There are some experiences that you can have only when you’ve lived in the same place for five years, when you’ve been with the same person for over a decade, when you’ve been working on the same scale or craft for half your lifetime. /when you’re pursuing a wide breadth of experience, there are diminishing returns to each new adventure, each new person or thing. When you’ve never left your home country, the first country you visit inspires a massive perspective shift, because you have such a narrow experience space to draw on. But when you’ve been to twenty countries, the twenty-first adds little. And when you’ve been to fifty, the fifty-first adds even less. [the same goes for any other life experience]
Mark Manson (The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life)
It is then simplest to think of the problem as follows: the purpose of commodity production is to convert the surplus value extracted from living labour into capital. But accumulation – the reproduction and expansion of capital – does not happen unless a sufficient magnitude of surplus value is produced. If the surplus value generated is insufficient then it only reproduces the part of capital that it is equal in value to – the rest becomes surplus capital. Capital is only fully “valorised” if it is reproduced and expanded. Grossman therefore says overaccumulation is produced by “imperfect valorisation”. This abstraction can be applied to ‘individual capital’, the capital owned by each individual capitalist, and total capital. Imperfect valorisation therefore explains cyclical crises. The total investment in production tends to grow faster relative to the growth of profits returned, because constant capital has to grow relative to variable capital. The mass of capital has continued to rise but at a declining rate. This is expressed as a falling rate of profit. There is a lack of surplus value relative to total capital  – an underproduction of surplus value is at once an overaccumulation of capital.
Ted Reese (Socialism or Extinction: Climate, Automation and War in the Final Capitalist Breakdown)
Buffett declared the best inflation hedge is a company with a wonderful product that requires little capital to grow. As a test, he invited each of us to look at our own earning ability. In inflation, your compensation can go up without any additional investment. As a business example, Buffett noted that when See’s Candy was purchased in 1971, it had the revenues of $25 million and sold 16 million pounds of candy annually with $9 million in tangible assets. Today, See’s sells $300 million of candy with $40 million of tangible assets. Berkshire needed to invest only $31 million to generate a more than 10-fold increase in revenues. In aggregate, Buffett noted that Berkshire has earned $1.5 billion in profits at See’s over the years. See’s inventory turns fast, has no receivables and has little fixed investment – a perfect inflation hedge. Buffett allowed that if you have tons of receivables and inventory, that’s a lousy business in inflation. The railroad and MidAmerican Energy both have these undesirable characteristics, but that is offset by their utility to the economy and subsequent allowable returns. Buffett rued that there simply aren’t enough “See’s Candys” to buy. Buffett added that being an investor has made him a better businessman and that being a businessman has made him a better investor.(125) Munger noted that they didn’t always know this inflation-business element, which shows how continuous learning is so important.
Daniel Pecaut (University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting)
Many aspects of the modern financial system are designed to give an impression of overwhelming urgency: the endless ‘news’ feeds, the constantly changing screens of traders, the office lights blazing late into the night, the young analysts who find themselves required to work thirty hours at a stretch. But very little that happens in the finance sector has genuine need for this constant appearance of excitement and activity. Only its most boring part—the payments system—is an essential utility on whose continuous functioning the modern economy depends. No terrible consequence would follow if the stock market closed for a week (as it did in the wake of 9/11)—or longer, or if a merger were delayed or large investment project postponed for a few weeks, or if an initial public offering happened next month rather than this. The millisecond improvement in data transmission between New York and Chicago has no significance whatever outside the absurd world of computers trading with each other. The tight coupling is simply unnecessary: the perpetual flow of ‘information’ part of a game that traders play which has no wider relevance, the excessive hours worked by many employees a tournament in which individuals compete to display their alpha qualities in return for large prizes. The traditional bank manager’s culture of long lunches and afternoons on the golf course may have yielded more useful information about business than the Bloomberg terminal. Lehman
John Kay (Other People's Money: The Real Business of Finance)
Bibb Steam Mill Company also introduced to the county the ruthless form of industrial slavery that would become so important as the Civil War loomed. The mill acquired twenty-seven male African Americans, nearly all strapping young men, and kept them packed into just six small barracks on its property. The Cottingham slave cabins would have seemed luxurious in contrast.51 The founders of Bibb Steam, entrepreneurs named William S. Philips, John W. Lopsky, Archibald P. McCurdy, and Virgil H. Gardner, invested a total of $24,000 to purchase 1,160 acres of timbered land and erect a steam-powered sawmill to cut lumber and grind corn and flour.52 In addition to the two dozen slaves, Bibb Steam most likely leased a larger number of slaves from nearby farms during its busiest periods of work. The significance of those evolutions wouldn’t have been lost on a slave such as Scipio. By the end of the 1850s, a vigorous practice of slave leasing was already a fixture of southern life. Farm production was by its nature an inefficient cycle of labor, with intense periods of work in the early spring planting season and then idleness during the months of “laid-by” time in the summer, and then another great burst of harvest activity in the fall and early winter, followed finally by more months of frigid inactivity. Slave owners were keen to maximize the return on their most valuable assets, and as new opportunities for renting out the labor of their slaves arose, the most clever of slave masters quickly responded.
Douglas A. Blackmon (Slavery by Another Name: The Re-Enslavement of Black Americans from the Civil War to World War II)
In theory, the fact that the rich countries own part of the capital of poor countries can have virtuous effects by promoting convergence. If the rich countries are so flush with savings and capital that there is little reason to build new housing or add new machinery (in which case economists say that the “marginal productivity of capital,” that is, the additional output due to adding one new unit of capital “at the margin,” is very low), it can be collectively efficient to invest some part of domestic savings in poorer countries abroad. Thus the wealthy countries—or at any rate the residents of wealthy countries with capital to spare—will obtain a better return on their investment by investing abroad, and the poor countries will increase their productivity and thus close the gap between them and the rich countries. According to classical economic theory, this mechanism, based on the free flow of capital and equalization of the marginal productivity of capital at the global level, should lead to convergence of rich and poor countries and an eventual reduction of inequalities through market forces and competition. This optimistic theory has two major defects, however. First, from a strictly logical point of view, the equalization mechanism does not guarantee global convergence of per capita income. At best it can give rise to convergence of per capita output, provided we assume perfect capital mobility and, even more important, total equality of skill levels and human capital across countries—no small assumption.
Thomas Piketty (Capital in the Twenty-First Century)
The Keoughs were wonderful neighbors,” he said. “It’s true that occasionally Don would mention that, unlike me, he had a job, but the relationship was terrific. One time my wife, Susie, went over and did the proverbial Midwestern bit of asking to borrow a cup of sugar, and Don’s wife, Mickie, gave her a whole sack. When I heard about that, I decided to go over to the Keoughs’ that night myself. I said to Don, ‘Why don’t you give me twenty-five thousand dollars for the partnership to invest?’ And the Keough family stiffened a little bit at that point, and I was rejected. “I came back sometime later and asked for the ten thousand dollars Clarke referred to and got a similar result. But I wasn’t proud. So I returned at a later time and asked for five thousand dollars. And at that point, I got rejected again. “So one night, in the summer of 1962, I started heading over to the Keough house. I don’t know whether I would have dropped it to twenty-five hundred dollars or not, but by the time I got to the Keough household, the whole place was dark, silent. There wasn’t a thing to see. But I knew what was going on. I knew that Don and Mickie were hiding upstairs, so I didn’t leave. “I rang that doorbell. I knocked. Nothing happened. But Don and Mickie were upstairs, and it was pitch-black. “Too dark to read, and too early to go to sleep. And I remember that day as if it were yesterday. That was June twenty-first, 1962. “Clarke, when were you born?” “March twenty-first, 1963.” “It’s little things like that that history turns on. So you should be glad they didn’t give me the ten thousand dollars.
Alice Schroeder (The Snowball: Warren Buffett and the Business of Life)
When you buy from an independent, locally owned business, as opposed to nationally owned businesses, you strengthen the economic base of our city. And of course there’s no doubt that you’ll receive a better quality product or service. I share John Roeser’s amazement that people today tend to prefer saving a dollar or too two on a birthday cake, for example, by purchasing a sub-par cake made with artificial, cheap ingredients from a mass retailer, when Roeser’s Bakery offers some of the most delectable, housemade cakes in the world. How could anyone step into a fast food joint when we live in a city that has Lem’s barbecque rib tips, Kurowski’s kielbasa, Manny’s matzo ball soup, and Lindy’s chili within reach? You can’t even compare the products and services of the businesses featured in this book with those of mass retailers, either: Jjust try putting an Optimo hat on your head—you’ll ooze with elegance. Burn a beeswax lambathe from Athenian Candle and watch it glow longer than any candle you’ve ever lit. Bite into an Andersonville coffeecake from the Swedish Bakery—and you’ll have a hard time returning to the artificial ingredient– laden cakes found at most grocers. Equally important, local, family- owned businesses keep our city unique. In our increasingly homogenized and globalized world, cities that hold on tightly to their family-owned, distinctive businesses are more likely to attract visitors, entrepreneurs, and new investment. Chicago just wouldn’t be Chicago without these historic, one-of-a-kind places, and the people that run them from behind the scenes with nothing but love, hard work, and pride.
Amy Bizzarri (Discovering Vintage Chicago: A Guide to the City's Timeless Shops, Bars, Delis & More)
Looking back on getting fired from Apple in 1985, Steve Jobs said, “It was awful-tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did.” I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up. Believe it or not, your pain will fade and you will have many other opportunities ahead of you, though you might not see them at the time. The most important thing you can do is to gather the lessons these failures provide and gain humility and radical open-mindedness in order to increase your chances of success. Then you press on. My final lesson was perhaps the most important one, because it has applied again and again throughout my life. At first, it seemed to me that I faced an all-or-nothing choice: I could either take on a lot of risk in pursuit of high returns (and occasionally find myself ruined) or I could lower my risk and settle for lower returns. But I needed to have both low risk and high returns, and by setting out on a mission to discover how I could, I learned to go slowly when faced with the choice between two things that you need that are seemingly at odds. That way you can figure out how to have as much of both as possible. There is almost always a good path that you just haven’t discovered yet, so look for it until you find it rather than settle for the choice that is then apparent to you. As difficult as this was, I eventually found a way to have my cake and eat it too. I call it the “Holy Grail of Investing,” and it’s the secret behind Bridgewater’s success.
Ray Dalio (Principles: Life and Work)
And spend they did. Money circulated faster and spread wider through its communities of use than at any other time in economic history.8 Workers labored fewer days and at higher wages than before or since; people ate four meals a day; women were taller in Europe than at any time until the 1970s; and the highest percentage on record of business profits went to preventative maintenance on equipment. It was a period of tremendous growth and wealth. Meanwhile, with no way of storing or growing value with this form of money over the long term, people made massive investments in architecture, particularly cathedrals, which they knew would attract pilgrims and tourists for years to come. This was their way of investing in the future, and the pre-Renaissance era of affluence became known as the Age of Cathedrals. The beauty of a flow-based economy is that it favors those who actively create value. The problem is that it disfavors those who are used to reaping passive rewards. Aristocratic landowning families had stayed rich for centuries simply by being rich in the first place. Peasants all worked the land in return for enough of their own harvest on which to subsist. Feudal lords did not participate in the peer-to-peer economy facilitated by local currencies, and by 1100 or so, most or the aristocracy’s wealth and power was receding. They were threatened by the rise of the merchant middle class and the growing bourgeois population, and had little way of participating in all the sideways trade. The wealthy needed a way to make money simply by having money. So, one by one, each of the early monarchies of Europe outlawed the kingdom’s local currencies and replaced them with a single central currency. Instead of growing their money in the fields, people would have to borrow money from the king’s treasury—at interest. If they wanted a medium through which to transact at the local marketplace, it meant becoming indebted to the aristocracy.
Douglas Rushkoff (Present Shock: When Everything Happens Now)
Modern electrical power distribution technology is largely the fruit of the labors of two men—Thomas Edison and Nikola Tesla. Compared with Edison, Tesla is relatively unknown, yet he invented the alternating electric current generation and distribution system that supplanted Edison's direct current technology and that is the system currently in use today. Tesla also had a vision of delivering electricity to the world that was revolutionary and unique. If his research had come to fruition, the technological landscape would be entirely different than it is today. Power lines and the insulated towers that carry them over thousands of country and city miles would not distract our view. Tesla believed that by using the electrical potential of the Earth, it would be possible to transmit electricity through the Earth and the atmosphere without using wires. With suitable receiving devices, the electricity could be used in remote parts of the planet. Along with the transmission of electricity, Tesla proposed a system of global communication, following an inspired realization that, to electricity, the Earth was nothing more than a small, round metal ball. [...] With $150,000 in financial support from J. Pierpont Morgan and other backers, Tesla built a radio transmission tower at Wardenclyffe, Long Island, that promised—along with other less widely popular benefits—to provide communication to people in the far corners of the world who needed no more than a handheld receiver to utilize it. In 1900, Italian scientist Guglielmo Marconi successfully transmitted the letter "S" from Cornwall, England, to Newfoundland and precluded Tesla's dream of commercial success for transatlantic communication. Because Marconi's equipment was less costly than Tesla's Wardenclyffe tower facility, J. P. Morgan withdrew his support. Moreover, Morgan was not impressed with Tesla's pleas for continuing the research on the wireless transmission of electrical power. Perhaps he and other investors withdrew their support because they were already reaping financial returns from those power systems both in place and under development. After all, it would not have been possible to put a meter on Tesla's technology—so any investor could not charge for the electricity!
Christopher Dunn (The Giza Power Plant: Technologies of Ancient Egypt)
Collateral Capacity or Net Worth? If young Bill Gates had knocked on your door asking you to invest $10,000 in his new company, Microsoft, could you get your hands on the money? Collateral capacity is access to capital. Your net worth is irrelevant if you can’t access any of the money. Collateral capacity is my favorite wealth concept. It’s almost like having a Golden Goose! Collateral can help a borrower secure loans. It gives the lender the assurance that if the borrower defaults on the loan, the lender can repossess the collateral. For example, car loans are secured by cars, and mortgages are secured by homes. Your collateral capacity helps you to avoid or minimize unnecessary wealth transfers where possible, and accumulate an increasing pool of capital providing accessibility, control and uninterrupted compounding. It is the amount of money that you can access through collateralizing a loan against your money, allowing your money to continue earning interest and working for you. It’s very important to understand that accessibility, control and uninterrupted compounding are the key components of collateral capacity. It’s one thing to look good on paper, but when times get tough, assets that you can’t touch or can’t convert easily to cash, will do you little good. Three things affect your collateral capacity: ① The first is contributions into savings and investment accounts that you can access. It would be wise to keep feeding your Golden Goose. Often the lure of higher return potential also brings with it lack of liquidity. Make sure you maintain a good balance between long-term accounts and accounts that provide immediate liquidity and access. ② Second is the growth on the money from interest earned on the money you have in your account. Some assets earn compound interest and grow every year. Others either appreciate or depreciate. Some accounts could be worth a great deal but you have to sell or close them to access the money. That would be like killing your Golden Goose. Having access to money to make it through downtimes is an important factor in sustaining long-term growth. ③ Third is the reduction of any liens you may have against these accounts. As you pay off liens against your collateral positions, your collateral capacity will increase allowing you to access more capital in the future. The goose never quit laying golden eggs – uninterrupted compounding. Years ago, shortly after starting my first business, I laughed at a banker that told me I needed at least $25,000 in my business account in order to borrow $10,000. My business owner friends thought that was ridiculously funny too. We didn’t understand collateral capacity and quite a few other things about money.
Annette Wise
Anna Chapman was born Anna Vasil’yevna Kushchyenko, in Volgograd, formally Stalingrad, Russia, an important Russian industrial city. During the Battle of Stalingrad in World War II, the city became famous for its resistance against the German Army. As a matter of personal history, I had an uncle, by marriage that was killed in this battle. Many historians consider the battle of Stalingrad the largest and bloodiest battle in the history of warfare. Anna earned her master's degree in economics in Moscow. Her father at the time was employed by the Soviet embassy in Nairobi, Kenya, where he allegedly was a senior KGB agent. After her marriage to Alex Chapman, Anna became a British subject and held a British passport. For a time Alex and Anna lived in London where among other places, she worked for Barclays Bank. In 2009 Anna Chapman left her husband and London, and moved to New York City, living at 20 Exchange Place, in the Wall Street area of downtown Manhattan. In 2009, after a slow start, she enlarged her real-estate business, having as many as 50 employees. Chapman, using her real name worked in the Russian “Illegals Program,” a group of sleeper agents, when an undercover FBI agent, in a New York coffee shop, offered to get her a fake passport, which she accepted. On her father’s advice she handed the passport over to the NYPD, however it still led to her arrest. Ten Russian agents including Anna Chapman were arrested, after having been observed for years, on charges which included money laundering and suspicion of spying for Russia. This led to the largest prisoner swap between the United States and Russia since 1986. On July 8, 2010 the swap was completed at the Vienna International Airport. Five days later the British Home Office revoked Anna’s citizenship preventing her return to England. In December of 2010 Anna Chapman reappeared when she was appointed to the public council of the Young Guard of United Russia, where she was involved in the education of young people. The following month Chapman began hosting a weekly TV show in Russia called Secrets of the World and in June of 2011 she was appointed as editor of Venture Business News magazine. In 2012, the FBI released information that Anna Chapman attempted to snare a senior member of President Barack Obama's cabinet, in what was termed a “Honey Trap.” After the 2008 financial meltdown, sources suggest that Anna may have targeted the dapper Peter Orzag, who was divorced in 2006 and served as Special Assistant to the President, for Economic Policy. Between 2007 and 2010 he was involved in the drafting of the federal budget for the Obama Administration and may have been an appealing target to the FSB, the Russian Intelligence Agency. During Orzag’s time as a federal employee, he frequently came to New York City, where associating with Anna could have been a natural fit, considering her financial and economics background. Coincidently, Orzag resigned from his federal position the same month that Chapman was arrested. Following this, Orzag took a job at Citigroup as Vice President of Global Banking. In 2009, he fathered a child with his former girlfriend, Claire Milonas, the daughter of Greek shipping executive, Spiros Milonas, chairman and President of Ionian Management Inc. In September of 2010, Orzag married Bianna Golodryga, the popular news and finance anchor at Yahoo and a contributor to MSNBC's Morning Joe. She also had co-anchored the weekend edition of ABC's Good Morning America. Not surprisingly Bianna was born in in Moldova, Soviet Union, and in 1980, her family moved to Houston, Texas. She graduated from the University of Texas at Austin, with a degree in Russian/East European & Eurasian studies and has a minor in economics. They have two children. Yes, she is fluent in Russian! Presently Orszag is a banker and economist, and a Vice Chairman of investment banking and Managing Director at Lazard.
Hank Bracker