A Quote by Ronald Coase
Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.
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The lawyers have escaped most criticism [and undeservedly so]. The tax shelters [were approved by lawyers, who got paid huge commissions to do so] and every miscreant had a high-falutin' lawyer at his side. Why don't more law firms vote with their feet and not take clients who have signs on them that say, "I'm a skunk and will be hard to handle?" I've noticed that firms that avoid trouble over long periods of time have an institutional process that tunes bad clients out. Boy, if I were running a law firm, I'd want a system like that because a lot of firms have a lot of bad clients.
I always looked across the tunnel in Old Firm games and fancied our chances but there's a big difference between that and knowing you're going to win. There's so many things can happen in an Old Firm game.
A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organising additional transactions within the firm may rise.
I initially wanted to work in the music industry more on the A&R side. While I was in school, I began working in the New Business department of an advertising firm, and very quickly I was responsible for roughly 70% of their business, so you could say I had a natural knack for the advertising world.
One of the things that I love about being a writer is this. I wake up every day and I write for three hours. I wake up early. So like 6:00, 7:00 in the morning, I write till 9:00 or 10:00. I live in New York, nobody even is breathing until 9:00 or 10:00 in the morning. So, it's like my writing life is completely removed from the rest of my life.
Firms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you.
Trump has been very, very open and clear on what he's going to do. He's going to make the U.S. very competitive on taxes, corporate and personal. He's eliminating policy on carbon and the regulatory environment on shale and energy and pipeline development. These are all things that Canada has to do and we no longer have a competitive environment to do them in. It manifests itself in the slow grind of our economy.
It is clear as you look at the team why Data Point Capital has so quickly become one of the premier venture capital firms. I look forward to adding to the firm's very bright future.
It's hard to find trainers to train, coaches to coach. Just because someone was great in the business doesn't mean they can teach someone else how to be great in the business; and just because someone wasn't great in the business, doesn't mean they can't teach somebody. I used to be a firm believer in the other.
Generally speaking, they have as many stars as other firms, but they are low-key about it, because that's not the Goldman way, but their bench is a lot deeper. I think Goldman has as many A players, but more importantly they have fewer C players. And no firm, I have noticed, has the depth anywhere like that.
Marking dynamos for repair $10,000.00-2 hours labor $10.00; knowing where to mark $9,990.00.
I'm feeling like the music business is reaping what it's sown. It's going through what inevitably it was going to go through. It was a very decadent, very glamorous business that took advantage of a lot of people for a long time and didn't do things right and had a poor business model.
It became clear to me by 1984 that Microsoft was likely going to be the big winner in the PC software apps and operating system category, partly because of the dynamics of owning and controlling the operating system: that gave you enormous power, and I came to see Bill Gates was fierce competitor.
It’s good to be with someone when you know you matter. Not assume,” she qualified, “but know. To be with someone, who even when you don’t think you want or need it, will stand up for you. Someone who sends you flowers and buys you magic wands. I’m not going to look around the corner for what’s next.
It's the greatest game I ever saw. You can't lose. Everybody buys to sell and nobody buys to keep. What's worrying me is who is going to be the last owner. It's just like an auction; the only one stuck is the last one.
Personally, I'd love to see more social media firms develop business models that aren't reliant on advertising. If you're a social media firm selling ads, your goal is to get people to interrupt what they're doing all day long so they come and stare at your service as much as possible.
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