A Quote by Warren Buffett
An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
Related Quotes
I was considered the most progressive person the whole time I was in the legislature. I negotiated health care, I negotiated a minimum wage increase.
The more people are involved in a given task, the more potential agreements need to be negotiated to do anything, and the greater the transaction costs.
Public agency is emergent, and the ability of the public to literally put any bank or corporation out of business overnight is looming. To paraphrase Abe Lincoln, you cannot screw all of the people all of the time. We're there. All we lack is a major precipitant – our Tunisian fruit seller. When it happens the revolution will be deep and lasting.
In the twentieth century our highest praise is to call the Bible 'The World's Best Seller.' And it has come to be more and more difficult to say whether we think it is a best seller because it is great, or vice versa.
Do not despair when in spite of intense supplication,
there is a delay in receiving the expected gift.
He has guaranteed that he will respond
in what He chooses for you,
and not what you choose for yourself,
and at the time He chooses
not the time you desire.
I think there's a time to be private and a time to be public, and I think that companies like Facebook and Groupon are basically transformational companies. You don't come across them very often, and I'm pretty sure that they can continue to grow for a long time even being public.
You never know when the truth will come home. You can't choose the time. The time chooses you.
"No" is a word that must never be negotiated, because the person who chooses not to hear it is trying to control you... Declining to hear "no" is a signal that someone is either seeking control or refusing to relinquish it.
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
Tourism provides employment to the poorest of the poor. Gram seller earns something, auto-rickshaw driver earns something, pakoda seller earns something, and tea seller also earns something.
There's been million-seller books and million-seller CDs. But there hasn't been, until now, million-seller art.
I think it's important to understand that a cartoonist is not drawing for favourable reviews from politicians. What we're trying to do is capture the popular feeling of the time about a politician or a particular political issue. For that reason I think it sums up public attitudes that is very helpful to historians down the road.
God deliberately chooses weak, suffering and unlikely candidates to get His work done, so that in the end, the glory goes to God and not to the person.
Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
Every transaction in commerce is an independent transaction.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman