A Quote by Lou Gerstner

It is not about bits, bytes and protocols, but profits, losses and margins. — © Lou Gerstner
It is not about bits, bytes and protocols, but profits, losses and margins.

Quote Author

Lou Gerstner
Born: March 1, 1942
The Industrial Revolution was about making physical things. Many of the manufactured goods that were once tangible objects have now been reduced to bits and bytes of data.
In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.
Intelligence work in the Marine Corps proved to me the strategic value in establishing a Central Command to act as a clearinghouse for disparate bits and floating bytes of information.
Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.
Large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst investments after long periods of winning.
In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come.
Success means making profits and avoiding losses.
There are more ways than one to measure profits and losses.
I think up until that time a lot of focus on Internet coverage was either sort of the bits and bytes aspect of it, sort of the high-tech aspect of it, and the sociological aspect of it, which is how it was transforming culture.
Bombieri's Law: of Finance: Profits are on paper, losses are in cash
We're essentially continuing a system where profits are privatized and...losses socialized.
I don't like talking about which bits I like or don't like about my body. Everybody has something they're not happy with, and my only advice would be, 'Do something about it - exercise or eat less, but don't do nothing!' Find ways to enhance the good bits and camouflage the bad bits.
One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.
There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.
Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
F8 And Be There! For years, this was the cry of the photojournalist. It meant that 90% of a great photo was being in the right place at the right time. True, it was simplistic, but in the Age of Photoshop, this maxim is too often forgotten. No matter how much you play with the bits and bytes, the best images always start out with a great vision, clearly and cleanly seen.
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