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Discounts Quotes

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Discounts Quotes

“Consumers will purchase high quality products even if they are expensive, or in other words, even if there are slightly reasonable discount offers, consumers will not purchase products unless they truly understand and are satisfied with the quality. Also, product appeal must be properly communicated to consumers, but advertisements that are pushed on consumers are gradually losing their effect, and we have to take the approach that encourages consumers to retrieve information at their own will.”

“Does it take a blanket presupposition for a historian to discount some miracle stories as legendary? No, because, as even Bultmann recognized, there is no problem accepting reports even of extraordinary things that we can still verify as occurring today, like faith healings and exorcisms. However you may wish to account for them, you can go to certain meetings and see scenes somewhat resembling those in the gospels. So it is by no means a matter of rejecting all miracle stories on principle. Biblical critics are not like the Committee for Scientific Investigation of Claims of the Paranormal.”

“There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety. It is a precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.”

“While we bemoan the decline of literacy, computers discount words in favor of pictures and pictures in favor of video. While we fret about the decreasing cogency of public debate, computers dismiss linear argument and promote fast, shallow romps across the information landscape. While we worry about basic skills, we allow into the classroom software that will do a student's arithmetic or correct his spelling.”

“There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.”

“We are missing the truth. We live in a society that lies and fosters and sells dishonesty at a discount. Remember the line, 'America spells cheese K-R-A-F-T? That does not spell cheese! We tell our kids that as long as it looks good on the outside, don't worry about the inside. Or work hard and you'll be rewarded in the end. That's not necessarily true anymore. We don't tell the truth about certain things. Young people see our hypocrisy. We haven't given them a model to follow.”

“The government can now delve into personal and private records of individuals even if they cannot be directly connected to a terrorist or foreign government. Bank records, e-mails, library records, even the track of discount cards at grocery stores can be obtained on individuals without establishing any connection to a terrorist before a judge. According to the Los Angeles Times, Al Qaeda uses sophisticated encryption devices freely available on the Internet that cannot be cracked. So the terrorists are safe from cyber-snooping, but we're not.”

“If you think reading a book is hard, you should try writing one. Because it's even harder. It's still not as hard as writing a game, though. If you discount the purely visual pop-up parts, a book is made almost entirely of words. As a novelist, you just need to think of a few decent strings of words and then fill the other 98% of the book with more or less random descriptions of things and exclamation points.”

“It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.”

“In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.”