Efficient Quotes - Page 29

• Once we realize that government doesn't work, we will stop dreaming that this or that social problem can be solved by passing a law - or by creating a new government program - or by electing someone who will make Washington more efficient or cost-conscious.

  Harry Browne

  Dream, Government, Law

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• The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.

  Murray Rothbard

  Cutting, Technology, Essence

  Murray Newton Rothbard (1978). “For a New Liberty: The Libertarian Manifesto”, p.242, Ludwig von Mises Institute

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• Markets are nimble and efficient, gathering the collective but disbursed intelligence of the economy's players and communicating up-to-the-minute realities of prices, product availability, etc. Government is typically cumbersome, plodding, and slow.

  Joel Miller

  Player, Reality, Government

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• I think markets will never be efficient because of human nature.

  Seth Klarman

  Thinking, Human Nature, Humans

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• Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.

  Fischer Black

  Looks

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• The bureaucratic culture that we [Afghanistan] have inherited is an obstacle. Hierarchies may be extremely efficient for dealing with certain events, but they are not quick in responding to global, flexible networks.

  Ashraf Ghani

  Events, Culture, May

  Source: www.spiegel.de

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• Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.

  Charlie Munger

  Believe, Thinking, Ideas

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• I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.

  Charlie Munger

  Reality, Names, Ties

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• It is fascinating to watch politicians come up with 'solutions' to problems that are a direct result of their previous solutions. In many cases, the most efficient thing to do would be to repeal their previous solution and stop being so gung-ho for creating new solutions in the future. But, politically, that is the last thing they will do.

  Thomas Sowell

  Creating, Political, Watches

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• If you would be a better teacher, teach by the spirit. That is the thing that gives strength and power, meaning and life, to our otherwise weak efforts... remember, you cannot give away that which you do not possess. Study the life of the master. You do not have to have a college degree to be an efficient teacher. But you do have to become acquainted with the life and teachings of the master to be an effective teacher in the church.

  A. Theodore Tuttle

  Life, Teacher, Teaching

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• The more energy-efficient we become as a nation, the less we need to develop additional energy sources.

  Lamar S. Smith

  Energy, Needs, Source

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• Many Southern Plantation owners were working towards the day when they could convert their investment to more profitable industrial production as had been done in the North, and others felt that freemen who were paid wages would be more efficient than slaves who had no incentive to work. For the present, however, they were stuck with the system they inherited. They felt that a complete and sudden abolition of slavery with no transition period would destroy their economy and leave many of the former slaves to starve - all of which actually happened in due course.

  G. Edward Griffin

  War, Abolition Of Slavery, Southern

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• The defence of human liberty against the aggressions of despotic power have been always the most efficient in States where domestic slavery was to prevail.

  John C. Calhoun

  War, Liberty, Slavery

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• The solid wealth of insurance companies and the success of those who organsie gambling are some indication of the profits to be derived from the efficient use of chance.

  Edward de Bono

  Gambling, Use, Statistics

  Edward De Bono (1971). “The use of lateral thinking”

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• Language is not only the vehicle of thought, it is a great and efficient instrument in thinking.

  Humphry Davy

  Thinking, Statistics, Language

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• The more you take on, the more efficient you become. You only learn how much you can actually do by trying to do too much.

  Brian Tracy

  Trying, Too Much

  Brian Tracy (2008). “Universal Laws of Success”, p.12, Jaico Publishing House

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• The first lesson in civics is that efficient government begins at home.

  Charles Evans Hughes

  Home, Government, Lessons

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• There’s no question that mistakes were made and as CEO, I have to accept responsibility for those mistakes. I was focused on lowering costs and making the hospitals more efficient. I could have had more internal and external controls. I learned hard lessons and I’ve taken that lesson and it’s helped me become a better business person and a better leader.

  Rick Scott

  Mistake, Taken, Responsibility

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• I don't want a lot of bureaucracy... I want to run state government the same way we run a campaign - efficient, effective and victorious.

  Charlie Crist

  Running, Government, Campaigns

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• The state is never so efficient as when it wants money.

  Anthony Burgess

  Want, States

  Anthony Burgess (1990). “You've had your time: being the second part of the confessions of Anthony Burgess”, Heinemann Educational Books

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• Paying attention at every moment, forms a new relationship to time. In some magical way, by slowing down, you become more efficient, productive, and energetic, focusing without distraction directly on the task in front of you. Not only do you become immersed in the moment, you become that moment.

  Michael Ray

  New Relationship, Simple, Tasks

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• We assume that everything's becoming more efficient, and in an immediate sense that's true; our lives are better in many ways. But that improvement has been gained through a massively inefficient use of natural resources.

  Paul Hawken

  Environmental, Use, Way

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• As federal lawmakers, we have a responsibility to set a precedent for energy efficient practices.

  Greg Walden

  Responsibility, Practice, Energy

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• There is no obligation on us to be richer, or busier, or more efficient, or more productive, or more progressive, or any way worldlier or wealthier, if it does not make us happier.

  Gilbert K. Chesterton

  Simple, Doe, Way

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• Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust.

  John Rawls

  Law, Justice, Unjust

  John Rawls (2009). “A Theory of Justice”, p.3, Harvard University Press

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