“The Misfits pretty much funds the Misfits. It used to cost me money to be in the band. I think we got paid the last gig we ever did. After that, we had to work to support our families.” ThinkingLastsUsedSupportCostBandPaidOur FamilyFundGigsMisfits Author:Gerald Caiafa
“If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.” PeopleIfsYearsCostLowsInvestingAverageFundOne TimeIndex Funds Author:Warren Buffett
“The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. ... This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.” TodayReadingSimpleHalfSituationFiguresIndustryInternetCostMachinesPaidNewspapersFundArticlesCentsBankingPaymentTransfersDwarfsDwarves Author:Erik Naggum
“Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.” AgeCostLowsMachinesFundMutualThis DayInvestorsRetailDiscountsBrokersMutual Fund Author:Joel Spolsky
“The Nuffield report suggests that there is a moral imperative for investment into GM crop research in developing countries. But the moral imperative is in fact the opposite. The policy of drawing of funds away from low-cost sustainable agriculture research, towards hi-tech, exclusive, expensive and unsafe technology is itself ethically questionable. There is a strong moral argument that the funding of GM technology in agriculture is harming the long-term sustainability of agriculture in the developing world.” WorldLongCountryFactsStrongTermMoralTechnologyPolicyCostLowsResearchArgumentOppositesInvestmentDrawingDevelopingLong TermExpensiveReportsFundSustainabilityAgricultureExclusiveImperativesFundingCropsQuestionableUnsafeDeveloping CountriesSustainable Agriculture Author:Tewolde Berhan Gebre Egziabher
“Even non-commercial media rely on transferring cost to users through licence fees, donations from listeners, viewers, or readers, or grants from companies and foundations that have wrestled their funds from the public in some form of earlier commercial activity.” FormCompanyMediaReaderCostActivityFoundationRelyFundGrantsUsersListenersViewersFeesDonation Author:Robert G. Picard
“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
“Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.” WholeAchieveReturnAmountCostManagementRateInvestingAverageActiveManagersFundExpensesGrossPercentagesDisadvantagesTransactionsIndex FundsActive Management Author:Burton Malkiel
“Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of individual funds devoted to every investing 'style' and economic sector or regional subgroup that some marketing idiot can dream up? Not likely. A brutal shakeout is coming and one of its revelations will be that stock picking is a grossly overrated piece of the puzzle, that cost control is what distinguishes a competitive firm from an uncompetitive one.” DreamIndividualPiecesEconomicStyleCostInvestingMarketingCustomersEnormousIdiotFirmRevelationsFundDevotedBrutalPuzzlesOverratedOverheadUnproductive Author:Holman W. Jenkins, Jr.
“Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.” SimpleCompanyProductsReturnCostDrugEconomicsDollarsComplexesBillionsTraditionalSufficientExpensiveFundVenturePharmaceuticalTailored Author:David Mixner
“A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.” YearsPositionCostLowsYears AgoMajorityInvestmentConvinceFundInvestorsSensibleMentorEquityIndex Funds Author:Warren Buffett
“A technology becomes truly disruptive when it drives the marginal cost of something that used to be scarce and expensive to approach zero. Thus, it used to be to deploy software at scale, you had to fund a data center, buy a set of servers, storage, and networking gear, build an in-house IT management capability, and buy an expensive stack of enabling software before you could even get started. Now you can get all that from Amazon or Microsoft on a pay-as-you-grow model.” UsedHouseGrowsPayTechnologyCostApproachModelsManagementScalesUsed To BeDataExpensiveFundZeroSoftwareCapabilityNetworkingGearsMicrosoftScarceAmazonEnablingStorageDisruptiveServerData Centers Author:Geoffrey Moore
“What is really nice about the Health Impact Fund is that it is a win-win, something that without much cost to anyone makes a lot of people better off.” PeopleWinningNiceCostImpactFundBetter OffReally NiceWin Win Author:Thomas Pogge
“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
“You can think of the Health Impact Fund as a mechanism that would keep the benefits and burdens of pharmaceutical innovation for the affluent roughly as they are while massively reducing the burdens presently imposed upon the poor. This sounds like magic. But it really works because the current system is not Pareto efficient. It's a system that generates hundreds of billions of dollars in litigation costs and deadweight losses that HIF-registered medicines would sidestep. By avoiding these losses, the HIF reform can bring improvements all around - including for pharmaceutical innovators.” ThinkingSoundLossPoorMagicCostBenefitsInnovationImpactDollarsMedicineIncludingCurrentsBurdenBillionsImprovementReformFundMechanismEfficientAvoidingWeight LossReducingInnovatorsAffluentPharmaceutical Author:Thomas Pogge
“The rise in health care costs since Obamacare, the Affordable Care Act was passed, have been at their lowest rate in 50 years. Those savings have extended the Medicare trust fund by 11 years. So we've got a baseline of facts.So it is true theoretically that all that progress can be undone, and suddenly 20 million people or more don't have health insurance.” PeopleYearsHas BeensFactsCareMillionsProgressCostRateSavingHealth CareFundLowestSavingsObamacareAffordableUndoneMedicareAffordable Care ActHealth Care CostsTrust Funds Author:Barack Obama