A Quote by Ludwig von Mises

The fundamental law of the market is: the customer is always right.

Ludwig von Mises

Quote Topics

Always Customer Fundamental Law Market Right

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

What people in business think they know about the customer and market is likely to be more wrong than right...the customer rarely buys what the business thinks it sells him.

Peter Drucker

You know the old adage that the customer's always right? Well, I kind of think that the opposite is true. The customer is rarely right.

Charlie Trotter

The Customer isn't always right. Sometimes the customer is an a**hole. That's the first rule of retail.

Kelly Link

The customer is always right! John Wanamaker must be turning in his grave. If you're a customer today, you're an intruder.

Cleveland Amory

The customer is always right' may have become a standard motto in the world of business, but the idea that 'the audience is always right,' has yet to make much of an impression on the world of presentation, even though for the duration of the presentation at least, the audience is the speaker's only customer.

Max Atkinson

All the businesses from the beginning of history have struggled with product development (assuming there is a market, doing the market testing and so on). But now they start with customer development. Get the customer who says, "Yes. I want that. I need it. I wanna use it. I'll pay for it." And then you go back and work with your engineers. It is changing the world!

Brian Tracy

My father always said 'There's no free lunch.' My father was right. There's no free lunch and there's no free market. The market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. That's what the market is. It's a bent casino. The house always wins.

David Hare

If the law does not give you what you want, you can oppose the law, you can work to change the law, but you cannot ignore the law. So it is fundamental that the constitutions of every one of our member states are upheld and respected.

Frans Timmermans

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

Jim Rogers

Health care is not a privilege. It's a right. It's a right as fundamental as civil rights. It's a right as fundamental as giving every child a chance to get a public education.

Rod Blagojevich

Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of value investing, if they make sense to you, can allow you to survive and prosper when everyone else is rudderless. We have a proven map with which to navigate. It sounds kind of crazy, but in times of turmoil in the market. I’ve felt a sort of serenity in knowing that if I’ve checked and rechecked my work, one plus one still equals two regardless of where a stock trades right after I buy it.

Seth Klarman

Market type determines the startup's customer feedback and acquisition activities and spending. It changes customer needs, adoption rates, product features, and positioning as well as its launch strategies, channels and activities.

Steve Blank

Professor Eddington has recently remarked that 'The law that entropy always increases - the second law of thermodynamics - holds, I think, the supreme position among the laws of nature'. It is not a little instructive that so similar a law [the fundamental theorem of natural selection] should hold the supreme position among the biological sciences.

Ronald Fisher

I always knew it'd be difficult to balance the right of privacy and the right of free speech. I think that is a tension that we've seen in court case after court case and law after law. And we always strive to find that right balance.