A Quote by Zong Qinghou
The U.S. and European markets have become mature, profit margins are lower, and equipment isn't so new. Because profits are relatively low, it limits the willingness of companies to invest in newer equipment.
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The U.S. and European markets have become mature, profit margins are lower, and equipment isnt so new. Because profits are relatively low, it limits the willingness of companies to invest in newer equipment.
As digital equipment replaces the jobs of routine workers and lower-level professionals, technicians are needed to install, monitor, repair, test, and upgrade all the equipment.
Every time I started a business and the people told me I was an idiot, I ended up making a lot of money. Si Redd used to say me, "Boy, you gotta be where they ain't." What that means is that you find areas of low competition because high competition means lower margins, and lower margins mean less profit. So we were always looking for places where we can be unique. If the thinking is out-of-the-box, people may not understand because they have not seen it before... Therefore you are an idiot.
Whereas an elephant that was scared to death that diesel powered equipment, equipment that ran on a gas engine, was just fine. Because somebody had attacked it with construction equipment. But if it had a diesel engine, it was bad.
Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.
People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.
I didn't have any sophisticated equipment at all. The equipment we had in the studio at the time was not intended to make music; it was for testing purposes. So we had to repurpose all the equipment to make music. That made me try a lot of different things.
In software and many other online markets, even dominant firms face potential threats because of the low costs for competitors to enter those markets. Threats more easily emerge because of better or newer technologies leapfrogging older ones.
It used to be that American and European companies built their products in low-wage countries, separated by great distances from the innovators who developed the products and the markets where they were sold. But companies increasingly find that is an outmoded way of doing business.
America has the greatest people on earth in our military, but they don't have the right equipment and their equipment is old.
One kid's old, used-up equipment is another kid's brand-new, awesome, awesome equipment.
Council housing works because it pays for itself relatively quickly: the rent paid by tenants covers the building costs in the long term, and eventually makes a profit for the local authority, which continues to invest in the local area. The money continues to circulate within the community rather than simply boosting the profits of landlords.
In the U.S., PC-makers have no incentive to lower prices because it kills their profit margins. They keep adding new features like high-end retina displays and faster processors to justify their high prices.
The best thing I ever bought will always be the next piece of musical equipment. I'm always interested in new techniques and there seems to be a never ending supply of great equipment to play, and to play with. My studio is a bit of a playroom.
People are under the illusion that it's easy...Technically, it is complex. You have a million options with equipment to distract you. I tell my students to simplify their equipment.
It is not the willingness to kill on the part of our soldiers which most concerns me. That is an inherent part of war. It is our lack of respect for even the admirable characteristics of our enemy; for courage, for suffering, for death, for his willingness to die for his beliefs, for his companies and squadrons which go forth, one after another, to annihilation against our superior training and equipment.
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