A Quote by Charlie Munger
If you can buy the best companies, over time the pricing takes care of itself.
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Wake up, America. The insurance companies took over health care. Wake up, America. The pharmaceutical companies took over drug pricing. Wake up, America. The speculators took over Wall Street. Wake up, America. They want to take your Social Security. Wake up, America. Multinational corporations took over our trade policies, factories are closing, good paying jobs lost. Wake up, America. We went into Iraq for oil.
We're non-diversified. We focus. Why not buy more of your best idea rather than your 60th best idea? How many companies can I really know well over time and focus on, on a daily basis?
I personally try to buy the best-quality items at the best price that do the least harm and from companies that are striving to do good - many of those companies are run by young entrepreneurs.
Venture capitalists buy minority positions in young companies they think will grow quickly; buy-out investors buy most or all of companies they think can be turned around by fixing a few basic things.
The general order of things that takes care of fleas and moles also takes care of men, if they will have the same patience that fleas and moles have, to leave it to itself.
Worry about being better; bigger will take care of itself. Think one customer at a time and take care of each one the best way you can.
If one takes care of the means, the end will take care of itself.
I buy companies I want to own. I buy companies that make a lot of money, that don't have a lot of debt, and that I can understand.
A man of fashion never has recourse to proverbs, and vulgar aphorisms; uses neither favourite words nor hard words, but takes great care to speak very correctly and grammatically, and to pronounce properly; that is, according to the usage of the best companies.
The best thing that is happening with the health care is premiums will come down. We'll have tremendous competition; you know, we're getting rid of the border state lines, and we're going to have tremendous competition. We're going to have insurance companies fighting, like life insurance. You know, we - life insurance, you have these companies that are like - like going all over the place. We're going to have a tremendous - tremendously competitive market and health care costs are going to be forced down.
The music kind of takes care of itself because we've done all that as preproduction in the practice room. So by the time it gets onstage, each song has about one hundred hours of way too much mothering gone into it. So when you see us play live, that is the product of ninety days of practice, over a year of writing, listening to demos on the weekends after practice.
The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
Baker has done it again! Building on the core principles that he advanced in Professional's Guide to Value Pricing and The Firm of the Future, Ron Baker has again evolved thought leadership on the critical dynamics of value and pricing. Baker's latest work, Pricing on Purpose: Creating and Capturing Value, provides real-world examples and practical strategies that provide a framework for pricing optimization. His clarity of purpose and passionate call to action resonates in today's intellectual capital economy.
I went into directing having observed and learned from the best. There was a certain standard of procedure. I found that I was equal to it. I thoroughly enjoyed directing, I liked it a lot. It's very satisfactory to see that you can do it. The art takes care of itself.
I think that companies always become complacent, over time. Or most companies, that is.
When e-commerce companies build scale, cost comes down. Companies that can handle scale and reduce costs over time will win. Margins will come from reducing costs over time and not by increasing prices. Technology is the answer at large scale.
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