A Quote by Scott Adams

Remind people that profit is the difference between revenue and expense. This makes you look smart.

Scott Adams

Quote Topics

Business Between Difference Expense Look Makes People Profit Remind Revenue Smart

Quote Author

Scott Adams
American - Cartoonist
Born: June 8, 1957

Too many companies these days can't tell the difference between good profits and bad.... By now you're probably wondering how in heaven's name profit, that holy grail of the business enterprise, can ever be bad. Short of outright fraud, isn't one dollar of earnings as good as another? Certainly, accountants can't tell the difference between good and bad profits. They all look the same on an income statement. While bad profits don't show up on the books, they are easy to recognize. They're profits earned at the expense of customer relationships.

Fred Reichheld

I also don't think all of the revenue will come from digital subscriptions. We have in the New York Times a mix of revenue sources and it will continue to be a mix for quite a while. What makes me more nervous is that we built this newsroom on a really high profit margin that has eroded significantly over the last years. I'm nervous that we won't continue to have the profit margins that allow us to have a big, robust newsroom.

Dean Baquet

Mothers know the difference between a broth and a consommé. And the difference between damask and chintz. And the difference between vinyl and Naugahyde. And the difference between a house and a home. And the difference between a romantic and a stalker. And the difference between a rock and a hard place.

Patricia Marx

The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.

Benjamin Graham

The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Adam Smith

We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.

Bill Drayton

The most striking difference between ancient and modern sophists is that the ancients were satisfied with a passing victory of argument at the expense of truth, whereas the moderns want a more lasting victory at the expense of reality.

Hannah Arendt

The attitude to failure is one of the characteristics that's often called out as the difference between the U.S. and Europe. And we do need to be less risk-averse, more embracing of failure. Having failed makes you look bad in Europe. But in the U.S., it makes you look experienced.

Taavet Hinrikus

If I had a daughter, I would tell her certain things. I would tell her that it’s great to be smart, really smart - that being smart makes you strong. I would tell her that emotions are powerful, so don’t be afraid to show them. I would tell her that some people may judge you on how you look or what you wear - that’s just how it is - but you should keep your focus on what you say and do. I would tell her that she may see the world differently from boys, and that difference is essential and good.

Kirsten Gillibrand

It is just the little difference between the good and the best that makes the difference between the artist and the artisan. It is just the little touches after the average man would quit that makes the master's fame.

Orison Swett Marden

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.

George Soros

Government usually doesn't work. It doesn't work because it is political. People who are wise, good, smart, skillful, or hardworking don't need politics, they have jobs. The difference between the political process and an honest life is the difference between parading around waving picket signs while hollering catcalls in front of the White House and getting up in the morning to go make a living.

P. J. O'Rourke

The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%.