A Quote by Charles Duhigg
Forty percent of all electronics sold are assembled by Foxconn.
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About forty percent of the people vote Democrat. About forty percent vote Republican. Of those eighty percent, most wouldn't change their votes if Adolf Hitler was running against Abe Lincoln - or against FDR. . . . That leaves twenty percent of the people who swing back one way or another . . . the true independents. . . . That twenty percent controls the destiny of the country.
You know, people tend to get stereotyped for about forty percent of their behavior, so if you're completely crazy forty percent of the time you'll get stereotyped as crazy, even if you're totally boring thirty percent of the time and just studious the other thirty percent of the time.
In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.
Foxconn is hugely important, not only in China - it's the largest employer in China - Foxconn is important around the world.
If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.
Some of the tactics that are used by Foxconn and other companies throughout China is, if you are late, if you violate one of the small rules, some of the punishment is that you have to copy down quotations from the chairman of Foxconn: you have to write out confessions explaining why you were late and promising never to do it again.
The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.
Over the long term, it's hard for a stock to earn a much better return that the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for that forty years, you're not going to make much different than a six percent return - even if you originally buy it at a huge discount. Conversely, if a business earns eighteen percent on capital over twenty or thirty years, even if you pay an expensive looking price, you'll end up with one hell of a result.
Just about everything significant in my life happened after I passed forty. I was a housewife and mother, but yearned to be a writer. I worked at my writing whenever I could snatch a moment, and I assembled several manuscripts. I was just about forty when my first novel, East Wind, West Wind, was published. Then a few months later came The Good Earth. My career was launched at last, and it has given me the richest possible satisfaction
The miniaturization of electronics, which ultimately was driven by the marketplace, was started by NASA, because it costs money to get something into orbit. So you want to trim your electronics, miniaturize your electronics, miniaturize your satellites.
Seventy-five percent of all Americans believe that angels are real. Which is amazing when you consider that forty percent of all Americans think DNA evidence is unreliable.
If I give you a forty five percent chance at lethal injection, a fifty percent chance at the electric chair, and a five percent chance for escape which are you going to vote for? The electric chair, because youre likely to win?
I'm not much into current electronic stuff, what I think of as lounge electronics, mumbling electronics.
Those who live by electronics die by electronics. Sic semper tyrannis.
Before I took the veil, I was ornamented for the ceremony, and was clothed in a rich dress belonging to the Convent, which was used on such occasions; and placed not far from the altar in the chapel, in the view of a number of spectators who had assembled, perhaps about forty.
In 2013, Samsung accounted for about 20 percent of South Korea's total business profits. Samsung Electronics, just one of scores of subsidiaries, accounts for close to 15 percent of the total shares in the South Korean stock market. But you don't need to know these figures to get a feel for Samsung's hold on the country.
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