A Quote by Charlie Munger

We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.

Charlie Munger

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Advantage Businesses Buying Competition Competitive Competitive Advantage Decent Fabulous Many May Money Much Out Prices Specialists Too Too Much Well

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Charlie Munger
American - Businessman
Born: January 1, 1924

With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.

Hillary Clinton

Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.

Charlie Munger

Businesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting jobs. Of course: because they need staff to make their businesses run!

David Rolf

Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.

Christina Romer

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.

James Surowiecki

Businesses across the country are raising their prices in order to compensate for their added costs due to Obama's health care plan. If they aren't raising prices, they're cutting jobs as a result of the added cost, both of which hurt our economy.

Pam Bondi

There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.

Peter Thiel

Small businesses win as they get more contracts; workers win as small businesses create jobs; and taxpayers win as prices are driven down.

Sam Graves

When the government takes more money out of the pockets of middle class Americans, entrepreneurs, and businesses, it lessens the available cash flow for people to spend on goods and services, less money to start businesses, and less money for businesses to expand - i.e. creating new jobs and hiring people.

Fabrizio Moreira

You'll be offered the 'lead' in this new hot film with such-and-such A-list director, 'a fabulous part' - a fabulous part? A fabulous part is a character with a soul, who starts here and goes to there, you know? There aren't many of those.

Laura Dern

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Peter Schiff

There are two ways to approach the market. You can guess which direction prices will go in next, or you can figure out what businesses and their securities are really worth.

Kelly Evans

I raised my prices since there wasn't any competition it was just the smart thing to do. Why would I keep my prices up if their wasn't anyone to beat?

John D. Rockefeller

As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.

Warren Buffett

I think the common elements first are that, basically, we are entering markets or in markets that are deregulating or have recently deregulated, and so they have become competitive, moving from monopoly franchise-type businesses to competitive, market-oriented businesses.

Bill Vaughan

We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.

Sheldon Richman

A Quote by Charlie Munger

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