A Quote by P. J. O'Rourke
I don't think anybody's really been successful with theorizing about value or creating a price theory.
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The main thing to understand about the current state of physics is that we have - are in some sense, a kind of victim of our own success. We have an incredibly successful theory called the Standard Model. And it really explains everything that we can observe about and in terms of a very small number of elementary particles and some basic forces between them. And it's a quite beautiful theory and it really is just absurdly successful.
Constraint theory asks: What is the price for doing this? Now one way around constraint theory is declaring your enemy crazy. Crazy and stupid are not concepts used in forecasting. When people say they're really stupid or they're crazy, that's laziness. That means I don't want to think through their position or about what they're really going to do.
The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
There are some modern practitioners, who declaim against medical theory in general, not considering that to think is to theorize; and that no one can direct a method of cure to a person labouring under disease, without thinking, that is, without theorizing; and happy therefore is the patient, whose physician possesses the best theory.
A big part of the accelerator is to help scientists become entrepreneurs. I like to think about each business being built on three major areas: creating the value, creating the product, and extracting the value. We provide help in each of these areas.
Surely there comes a time when counting the cost and paying the price aren't things to think about any more. All that matters is value - the ultimate value of what one does.
I have always been averse to theorizing about the art or craft of biography. Like Disraeli's biographer, Lord Blake, who offers the cautionary analogy of the biographical centipede unsure of her next step because of too much cerebration, I have made it my practice to let the facts find the theory.
Oh, I'm all about small business. I think what we've learned from big business and big Wall Street is that unchecked greed and the creation of false value gets us all in trouble. If we look at the American economy, who's really creating value? It's the small businesses.
I don't like theorizing about my work myself, but that's not to say I have no interest in theory. Other people are free to say what they want about my work.
Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.
All these retailers these days are under pressure. Why? It's because... for the last 30 years, value equaled price. But now, value equals price, convenience, and a little bit of brand.
You have to have a product or service that offers customers a unique advantage over the competition. Some people think it has to be price, but only one person can have the lowest price, and the person with the lowest price isn't necessarily the most successful.
Evolution ... is really two theories, the vague theory and the precise theory. The vague theory has been abundantly proved.... The precise theory has never been proved at all. However, like relativity, it is accepted on faith.... On getting down to actual details, difficulties begin.
Value can mean a price. Value can mean exclusivity. Value can mean, 'I can't get it anywhere else, and this is really something I want.'
Theorizing is of course essential to make progress in understanding, but theorizing in the absence of knowing available relevant facts is not very productive.
There ought not be two histories, one of political and moral action and one of political and moral theorizing, because there were not two pasts, one populated only by actions, the other only by theories. Every action is the bearer and expression of more or less theory-laden beliefs and concepts; every piece of theorizing and every expression of belief is a politcal and moral action.
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