“Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical.” IndustryReturnCostGainsCriticalOilEfficiencyReductionRobbingProfitability Author:Giovanni Bisignani
“A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organising additional transactions within the firm may rise.” MayExistenceReturnCostResourcesFunctionEntrepreneurFirmDependentTransactions Author:Ronald Coase
“A couple of seats at a good picture house cost comparatively little but give a generous return in the shape of freshened minds and freedom from the worries that even the best regulated homes cannot always avoid.” GivingMindLittlesHomeHouseWorryReturnCoupleCostShapesGenerousSeats Author:Ivor Novello
“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
“Market-cap based indexing will never be driven from its deserved perch as core and deserved king of the investment world. It is what we should all own in theory and it has delivered low-cost equity returns to a great mass of investors... the now and forever king-of-the-hill.” WorldShouldForeverTheoryReturnKingsCostMassLowsInvestmentInvestingDrivenCoreHillsInvestorsEquityCapsIndexing Author:Cliff Asness
“In the past the intrinsic pleasures of parenthood for most American families were increased by the extrinsic economic return thatchildren brought. Today, parents have children despite their economic cost. This is a major, indeed a revolutionary, change.” ChildrenTodayPastParentPleasureEconomicReturnCostMajorsDespiteRevolutionaryParenthoodAmerican FamilyRevolutionary Change Book:All Our Children: The American Family Under Pressure Source: All Our Children: The American Family Under Pressure
“We've done a lot of work with our government businesses to ensure that we can get reasonable returns but at the same time that they can provide the services that they do provide to Tasmanians at the most efficient cost.” DoneGovernmentReturnCostReasonableEfficient Author:Peter Gutwein
“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
“The return on investment in global health is tremendous, and the biggest bang for the buck comes from vaccines. Vaccines are among the most successful and cost-effective health investments in history.” SuccessfulReturnCostInvestmentBangsBucksVaccinesReturn On InvestmentGlobal Health Author:Seth Berkley
“Isn't it ironic that pay, perks, and benefits all cost your company at the bottom line, but authentic recognition, especially when it's most unexpected, costs very little and gives the most impressive return on investment.” GivingLittlesLinesPayCompanyReturnCostBenefitsInvestmentBottomRecognitionUnexpectedIronicImpressiveBottom LinePerksReturn On Investment Author:Chip Conley
“Reading is the best return on investment. You have to live your entire life in order to know one life. But with reading you can know 1000s of people's lives for almost no cost. What a great return!” PeopleKnowsOrderReadingReturnCostInvestmentReturn On Investment Author:James Altucher
“Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.” IfsCoursesOpportunityEasyCrazyFiguresKeysReturnCostIncludingConsiderationEquityBorrowingTheoristsOpportunity Cost Author:Charlie Munger
“I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more earnings. EVA has ideas about cost of capital that make no sense. Of course, if a company generates high returns on capital and can maintain this over time, it will do well. But the mental system as a whole does not work.” IfsThinkingWellsDoeIdeasWholeTurnsCoursesGamesCompanyReturnCostAwfulBullshitEarning Author:Charlie Munger
“We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of return, so he's not willing to put it out at less than 10% now. But if we knew interest rates would stay at 1%, we'd change. Our hurdles reflect our estimate of future opportunity costs.” IfsOpportunityInterestWillingReturnCostRateOur FutureGuessingInterest RateHurdleOpportunity Cost Author:Charlie Munger
“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.” WorldYearsRealHappensOpportunityGamesModernChangedTheoryReturnCostFindingsEconomicsInvestmentCompareAttractiveReal WorldPortfoliosFreshmanDreamlandOpportunity Cost Author:Charlie Munger
“The truth is that business is simple: create great products, merchandise them at the point of sale, continuously innovate and surprise, reward and achieve a position of loyalty with your front line, and seek new truth from the market. Deliver the goods at a competitive cost. Price to earn a decent but not competitively inviting return. Not much else matters.” MatterLinesSimpleAchieveFrontsPositionProductsReturnTruth IsCostSurpriseRewardsLoyaltyDecentGoodsInvitingMerchandise Author:Michael J. Silverstein
“An appreciable number of directors have shifted to lower-cost films, allowing them to be satisfied with a more modest return.” FilmNumbersReturnCostDirectorsSatisfiedAllowingModest Author:Sidney Poitier
“The cost of oblivious daydreaming was always this moment of return, the realignment with what had been before and now seemed a little worse.” LittlesMomentsDreamReturnCostDaydreamingObliviousBefore And Now Book:Atonement Source: Atonement
“The cost of oblivius daydreaming was always this moment of return, the realigment with what had been before and now seemed a little worse. Her reverie, once rich in plausible details, had become a passing silliness before the hard mass of the actual. It was difficult to come back.” LittlesHardMomentsDifficultRichReturnCostMassDetailsPassingPassingsDaydreamingAtonementPlausibleReverieSillinessBefore And Now Book:Atonement Source: Atonement