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Cost Quotes

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“A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.”

“Health care costs are on the rise because the consumers are not involved in the decision-making process. Most health care costs are covered by third parties. And therefore, the actual user of health care is not the purchaser of health care. And there's no market forces involved with health care.”

“was revolution much more than one fast kick forward in the long process called evolution? We condemened the 'cost' of revolution; but was it higher than the cost over centuries in backward, underdeveloped communities, which still covered two-thirds of the earth and which still could not guarantee their populations daily bread?”

“Oliver Wendell Holmes said, "Think things, not words." In words, many see a need for "social justice" to override "the dictates of the market." In reality, what is called "the market" consists of human beings making their own choices at their own cost. What is called "social justice" is government imposition of the notions of third parties, who pay no price for being wrong.”

“If we have the right preventive and primary care, if we start charging for comprehensive care in the chronic cases, 10 percent of the cases take up two-thirds of the medical expenses, and if we do more on problems like childhood obesity, that we can, to use the parlance that's popular in Washington, bend the cost curve and eventually reconcile this so our costs will be closer to our competitors and so we can cover everybody.”

“The question of whether a device will come into being depends upon three things: first, whether there is a practical use for it that warrants its development and manufacturing costs; second, whether the laws of physics applying to the elements available for its design allow the attainment of the needed ranges, sensitivities, or the like; and third, whether the pertinent art of manufacture has advanced sufficiently to allow a useful embodiment to be built successfully.”

“According to, for example, one academic by the name of Philip Harvey, whose expertise is basically how do we create a New Deal, today. According to his estimate, these jobs could be created for far less than the [Barack] Obama stimulus package, which cost, you know, $700 or $800 billion, something like that, and produced around 3 million jobs - not a lot. According to his estimates, it would cost less to produce two-thirds of 20 million.”

“The collective shortfall of the 3.08 billion people (47 percent of world population) who, in 2005, lived below $2.50 per day was $507 billion per annum, which indeed comes to about two-thirds of the present US military budget. This gives us a rough sense of how much the eradication of poverty would cost.”