A Quote by Charlie Munger

For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.

Charlie Munger

Quote Topics

American American Business Businesses Efficiency Increase Increasing Internet Less Likely Little Lots Make More Negative Net Obvious Perfectly Profitable Profits Society Than Things Understood Very Way Will Without Wonderful

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

An increase in shareholder value can arise for reasons other than greater efficiency, such as increased power and the resulting ability to increase profits by raising prices.

Janet Yellen

A better distribution of incomes would increase that efficiency by diverting a great fund of wealth from the useless to the useful members of society. To cut off the income of the useless will not impair their efficiency. They have none to impair. It will, in fact, compel them to acquire a useful function.

Walter Lippmann

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

Charles Hugh Smith

A cumulative change of less than 2°C by the end of this century will do no net harm. It will actually do net good [...] rainfall will increase slightly, growing seasons will lengthen, Greenland's ice cap will melt only very slowly, and so on.

Matt Ridley

We are operating at an overall mechanical efficiency of only four percent... Therefore, we find that if we increase the overall mechanical efficiency to only twelve percent we can take care of everybody. That three-fold increase in the overall efficiency can only be accomplished by redesign.

R. Buckminster Fuller

Businesses just want to increase their profits; it's up to the government to make sure they distribute enough of those profits so workers have the money to buy the goods they produce. It's no mystery - the less poverty, the more commerce. The most important investment we can make is in human resources.

Jose Mujica

From the perspective of corporations, taxes are an additional cost of doing business. If you increase their taxes, to remain profitable they will have to find ways to lower other costs, or to increase revenues.

Maxime Bernier

One can make no better investment than the cultivation of a taste for the beautiful, for it will bring rainbow hues and enduring joys to the whole life. It will not only greatly increase one's capacity for happiness, but also one's efficiency.

Orison Swett Marden

Every company in America should be on its knees thanking Jesus for being born. Without Christmas, most American businesses would be far less profitable. More than enough reason for business to be screaming 'Merry Christmas.'

Bill O'Reilly

When Japan was on the rise, American governors would come to inspect Toyota City and study 'just in time' manufacturing to increase efficiency; when America was at its peak in the late 1990s, the world beat a path to its venture capitalists.

David E. Sanger

The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.

Joe Lonsdale

Teamwork appears most effective if each individual helps others to succeed, increasing the synergy of that team; ideally, every person will contribute different skills to increase the efficiency of the team and develop its unity.

Andrew Carnegie

Language is not simply a reporting device for experience but a defining framework for it. So if, from perhaps some unhealthy desire for sympathetic support, you describe your life in negative terms you will find that this will reinforce your mind's negative emotions and make you unhappy and even more susceptible to feeling unhappy in the future. By simply doing the reverse and focusing on why you are lucky and grateful things are not worse, you will strengthen and increase your mind's positive emotions and make yourself happy and even more likely to feel happy in the future.

Benjamin Lee Whorf

European-style interventions to which the Obama administration is inclined will not make America more competitive in the world-wide economy. Such policies will not increase growth, will not decrease unemployment, and will not increase wages for workers.