A Quote by Charlie Munger

Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.

Charlie Munger

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Bought Buy Companies Company Doing Enough Every Exactly Exactly What Fertilizer Good Good Enough Know Major More Oil Oil Companies Other Out Practically Ran Reason Some Versa Vice Vice Versa Years Years Ago

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Charlie Munger
American - Businessman
Born: January 1, 1924

In 1972, Texaco Oil Company, in partnership with PetroEcuador, the state-run oil company of Ecuador, began to drill for oil in the jungles of the Ecuadorian Amazon.

Peter Coyote

You know, I'm behind my company. My company has been a big part of my life. And it's not that I been buying a company or that my father bought a company and tried to do something out of it. You know, it's not the same thing. It's my name, it's my company, it's my signature.

Christian Louboutin

Oil wells never really run dry. A big company will drain maybe 40% of a field. Pulling out the rest of the oil, which requires an outlay of incrementally more cash per barrel, often proves uneconomical for big companies with big overheads.

Tahl Raz

Adidas is one of the biggest companies in the world. To have a company like that, a mainstream company, a major sports company, to say they want me, it's awesome.

Robbie Lawler

You oil field workers, come and listen to me I'm goin' to tell you a story about old John D. That company union made a fool out of me. That company union don't charge no dues It leaves you a-singing them Rockefeller blues. That company union made a fool out of me. Takes that good ole C.I.O., boys To keep that oil a-rollin', rollin' over the sea. Takes that good ole C.I.O., boys To keep that oil a-rollin' over the sea.

Woody Guthrie

Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.

Vladimir Putin

The oil industry is a stunning example of how science, technology, and mass production can divert an entire group of companies from their main task. ... No oil company gets as excited about the customers in its own backyard as about the oil in the Sahara Desert. ... But the truth is, it seems to me, that the industry begins with the needs of the customer for its products. From that primal position its definition moves steadily back stream to areas of progressively lesser importance until it finally comes to rest at the search for oil.

Theodore Levitt

I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.

Dan Benishek

We generally acquire a company every three to four weeks on average. And so it's a rare month that there's not a company being bought. We typically buy for technology and really great people.

Tim Cook

If you break into an oil company and you're able to find out what gas leases they're interested in, that could be a multi-billion dollar swing in value for one company over another a multi-decade period.

Alex Stamos

We have a project with Unocal here in Los Angeles, where we as an environmental organization, the oil company, and the state all get together to promote the recycling of used motor oil.

Ted Danson

Companies that make keys, credit card companies, any company in the service business - anything to do with a consumer is probably a software company.

Michael J. Saylor

I decided to write the book to open the eyes of the people of how corrupt John D. Rockefeller company was and the unfair ways he used to be successful. I wanted the people to know the truth about the Standard Oil Company.

Ida Tarbell

There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.

Peter Drucker

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

Peter Lynch

Now, if the Standard Oil Company were the only concern in the country guilty of the practices which have given it monopolistic power, this story never would have been written. Were it alone in these methods, public scorn would long ago have made short work of the Standard Oil Company. But it is simply the most conspicuous type of what can be done by these practices. The methods it employs with such acumen, persistency, and secrecy are employed by all sorts of business men, from corner grocers up to bankers. If exposed, they are excused on the ground that this is business.

Ida Tarbell

A Quote by Charlie Munger

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