A Quote by Duff McDonald

When you're in a commodity business, the only way to thrive is to be a low-cost producer. And when you're selling money, you're in a commodity business.

Duff McDonald

Quote Topics

Business Commodity Cost Low Low-Cost Money Only Producer Selling Thrive Way

Quote Author

Duff McDonald
American - Journalist

The art of marketing is the art of brand building. If you arenot a brand, you are a commodity. Then price is everything and the low-cost producer is the only winner.

Philip Kotler

The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And most people do not get this straight in their heads. But a fellow like Buffett does. For example, when we were in the textile business, which is a terrible commodity business, we were making low-end textiles-which are a real commodity product. And one day, the people came to Warren and said, "They've invented a new loom that we think will do twice as much work as our old ones."

Charlie Munger

People typically only believe they're in a negotiation when dollars are involved. And maybe sometimes they're smart enough to see if there's a commodity that you can count being exchanged. And, of course, the commodity that we most commonly exchange is money.

Christopher Voss

You see I don't like to be really too commercial about things but in this business you've just got to be commercial otherwise the films don't make money and you don't make films and as a long as a commodity is selling it's silly to kill it dead.

Peter Cushing

That's just the way this business works. You're a reliable commodity.

Christy Romano

Selling the commodity of humans has to be the biggest business out there, as it is the most lucrative. I cannot go to sleep at night, unless I know that I am using all of my platforms to fight human trafficking.

Jeannie Mai

Looting is a natural response to the unnatural and inhuman society of commodity abundance. It instantly undermines the commodity as such, and it also exposes what the commodity ultimately implies: the army, the police and the other specialized detachments of the state's monopoly of armed violence.

Guy Debord

A record is a commodity, but so is a hamburger. Just because I work at McDonald's doesn't mean I reap the benefits of that commodity. That's the reality with most artists in the record industry: They're getting paid a subsistence wage so they can keep producing a commodity for the record label.

Boots Riley

If your business is not a brand, it's a commodity.

Donald Trump

If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.

Naval Ravikant

I don't even think about the money when I consider roles, I turn it over to my agency. Money will come. I respect it but I don't thirst for it. I wish Americans thought more like Europeans when it comes to money and work. They take time off, they do what they love. We think work is the most valued commodity. Really the most valued commodity is time.

Bryan Cranston

In reality, every single negotiation involves another commodity that's far more important to us, which is time - minutes, hours, our investment in time. So even if you're talking about dollars, the commodity of time is always there because there has to be a discussion about how the commodity of dollars is moved.

Christopher Voss

You know, art is very emotional business. But mostly it becomes not emotional, the fabric of commodity. It becomes business. It becomes so many different things. Because we forgot there was emotions involved.

Marina Abramovic

The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.