Quality is remembered long after price is forgotten.
The bitterness of poor quality is remembered long after the sweetness of low price has faded from memory.
Don't be afraid to go after what you want to do, and what you want to be. But don't be afraid to be willing to pay the price.
There is no perfect mathematical formula for pricing a business.
Quality is free. It's not a gift, but it's free. The 'unquality' things are what cost money.
Basically, the single-most important decision in evaluating a business is pricing power.
The single most important decision in evaluating a business is pricing power.
Marketing is the act of inventing the product. The effort of designing it. The craft of producing it. The art of pricing it. The technique of selling it.
How is it that we have created an economic system that tells us it is cheaper to destroy the earth and exhaust its people than to nurture them both? Is it rational to have an pricing system which discounts the future and sells off the past? How did we create an economic system that confused capital liquidation with income?
The good thing about the dividend-paying stocks is, first of all you have stocks, which are real assets if we have some inflation. I think we're going to have 2%, 3% maybe 4%. That's a sweet spot for stocks. Corporations do well with that. It gives them pricing power. Their assets move up with prices. I'm not fearful of that inflation.
The disorganisers are those who want to level everything: property, comforts, the price of commodities, the various services rendered to the State... who want the workmen in the camp to receive the salary of the legislator... who want to level even talents, knowledge, the virtues, because they themselves have none of these things.
My idea of rich is that you can buy every book you ever want without looking at the price and you're never around assholes. That's the two things to really fight for in life.
If you're not worried that you're pricing it too cheap, you're not pricing it cheap enough.
But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing.
Don't try to be all things to all people. Concentrate on selling something unique that you know there is a need for, offer competitive pricing and good customer service.
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.
Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?
Books are easy to find and easy to buy. A paperback these days only costs six or seven dollars. You can borrow that from your kids!
Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
Wine pricing is an art - like painting.
I believe that there should be transparency in pricing, that schools should provide information on what majors translate to what salary outcomes, and that vocational training and technical schools should be a larger part of our education portfolio.
Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.
To be without health insurance in this country means to be without access to medical care. But health is not a luxury, nor should it be the sole possession of a privileged few. We are all created b'tzelem elohim - in the image of God - and this makes each human life as precious as the next. By 'pricing out' a portion of this country's population from health care coverage, we mock the image of God and destroy the vessels of God's work.
It [the pharmaceutical industry] is the most profitable industry in the world, and partially funds the US government. It surpasses oil in terms of profits and my country recently went to war due to oil pricing. What does that say they will do to keep this other industry in tact? It is up to patients and their families to question what they are being given, and to consumers to demand better, more natural alternatives.
Of the many 'firsts' with which I have been involved at the Texas Heart Institute —including the first successful human heart transplant in the United States and the first total artificial heart transplant in the world—the achievement that may have the greatest impact on health care did not occur in the operating room or in the research laboratory. It happened on a piece of paper... when we created the first-ever packaged pricing plan for cardiovascular surgical procedures.
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