A Quote by Jeff Bezos
You don't want to negotiate the price of simple things you buy every day.
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There's a reason 'The Price Is Right' is on in every country in the world. It's simple, and people want to know the price of things. Plus we give away brilliant prizes.
The idea behind our shoes is simple: they are as light as possible, very soft and made from the finest leather we can buy. We try to make a combination of something that looks fantastic and is at the same time fantastically comfortable. This is the type of luxury people want to buy now, things that they can use every day.
Mother always tries to buy things for a reasonable price. I was never allowed to buy things at full price. Probably, it's rooted in the Chinese mentality. We are very thrifty.
My idea of rich is that you can buy every book you ever want without looking at the price and you're never around assholes. That's the two things to really fight for in life.
Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.
Everything you want in life has a price connected to it. There's a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything.
I think business has to be stupider. I want to do really straightforward, stupid business - just talk to me like a 4-year-old. And I refuse to negotiate. I do not negotiate. I can collaborate. But I'm an artist, so as soon as you negotiate, you're being compromised.
We've been trained to spend money since we were born with all these commercials with toys and G.I. Joes and Transformers. But there's so many things in the supermarket, there's so many things on television that automatically, when you turn it on, are saying, 'Buy! Buy! Buy! Buy! Buy! Buy! Buy!'
The customer moved on long before the industry reacted to what she wanted. She doesn't want to buy things four months in advance, she wants to buy something today and wear it tomorrow. She cares less about seasons and collections and really what she's looking for is price, quality, and convenience.
I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.
I get up in the morning, do my e-mail, I check my e-mails all day. I'll go online and I'll buy my books at Amazon.com, but I don't want to buy all of them because I want to go to Duttons and I want to buy books from another human being.
My philosophy is to save, spend minimally, and buy things as much as you can on sale, never pay full price, and just don't spend a lot of money at the end of the day.
Dealing with political things, it's not for me. It makes me crazy. I want to buy, you want to sell. Please make it simple.
A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
If you want to become a concert pianist, do it every day. You want to be a writer, do it every day. You want to become depressed, think depressing thoughts every day. You want to become an optimist, think a cheerful thought every day. Do it every day.
Our approach is very simple we have nothing to negotiate ... We have the Minsk format and we need immediately just a ceasefire and the withdrawal of heavy artillery and weapons and tanks from the touchline, the solution is very simple - stop supplying weapons ... withdraw the troops and close the border. Very simple peace plan. If you want to discuss something different, it means you are not for peace, you are for war.
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