“One can never be too rich or too thin' is an aphorism attributed to the Duchess of Windsor. Being both rich and thin is a difficult enterprise, indeed almost unprecedented as an ideal. Into the paradoxical gap between the capacity to spend money and the need to eat less steps a brilliant solution: 'light' food. In buying 'light' food we can pay more for what costs less to produce in the first place.” NeedsFirstsLightDifficultWealthPayStepsRichProduceCostEatingSolutionsCapacityIdealsBrilliantIronyBuyingEnterpriseGapsAphorismUnprecedentedParadoxicalDuchessWindsor Book:Much Depends on Dinner: The Extraordinary History and Mythology, Allure and Obsessions, Perils and Taboos of an Ordinary Mea Source: Much Depends on Dinner: The Extraordinary History and Mythology, Allure and Obsessions, Perils and Taboos of an Ordinary Mea
“The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.” PeopleWayViewsWonderfulEffectsIndustryOughtCostLowsInvestingBest WayBuyingRelaxFundIndex Funds Author:Warren Buffett
“After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions.” MadeShowsOpportunityMistakeTerribleCostFinancialBillionsStatementsBuyingLearnersOpportunity CostFinancial Statements Author:Charlie Munger
“The cost of campaigning has skyrocketed in recent years because of the falloff in TV viewership. With only one-third as many people watching TV as did 20 years ago, politicians have responded by buying three times as many ads, driving the cost of campaigning to levels which only favored candidates can afford.” PeopleYearsThreeLevelsTvsPoliticianCostYears AgoThirdsDrivingCandidatesBuyingAdsThree TimesCampaigningWatching Tv Author:Dick Morris
“When you have a transportation system that the price of propellant is essentially negligible something is very wrong. If you look at any other transportation system, a car, a motorcycle, a train, an oil tanker, an airliner, you name it; about a quarter to a third of the operating cost is buying the propellant.” IfsLooksNamesCarCostThirdsTrainOilBuyingQuartersTransportationMotorcycle Author:Burt Rutan
“Many decry rising inequality because it makes those who've fallen behind feel impoverished. But it's done much more than cause hurt feelings. It has also raised the real cost to middle-income families of achieving many basic goals. The process begins with the completely unremarkable fact that top earners have been spending at a substantially higher rate than before. They've been building bigger mansions, staging more elaborate weddings and coming-of-age parties for their kids, buying more and better of everything.” FeelsHas BeensRealDoneFactsFeelingsKidsAgeCausesProcessGoalHurtPartyBehindsMiddleAchieveBuildingHigherCostBiggerRaisedRateSpendingIncomeInequalityFallenRisingBuyingComing Of AgeHurt FeelingsMansionsStaging Author:Robert H. Frank
“With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.” TodayPoorProductsNeededCostPaidInnovationTradeImpactMedicineRewardsInjusticeProductionsVersionsBuyingFundPreventingSuppressionGeneric Author:Thomas Pogge
“Let's be realistic, how many people are buying a $2,000 skirt? I love to design things that people can actually buy. I'm staggered by what a boot costs today.” PeopleTodayDesignCostBuyingRealisticBootsSkirts Author:Vera Wang