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Efficient Quotes

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Efficient Quotes

“The more efficient causes of progress seem to consist of a good education during youth whilst the brain is impressible, and of a high standard of excellence, inculcated by the ablest and best men, embodied in the laws, customs and traditions of the nation, and enforced by public opinion.”

“Technological progress has merely provided us with more efficient means for going backwards.”

“Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.”

“The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.”

“The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.”

“In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.”

“Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.”

“I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.”

“The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.”

“Management is efficiency in climbing the ladder of success”

“Herein lies the real value of education. Advanced education may or may not make men and women more efficient; but it enriches personality, increases the wealth of the mind, and hence brings happiness.”

“High-speed trains in Japan can now reach 375 mph - twice as fast as any public transit train in the United States. America's railroads were once the envy of the world. Today they are in disrepair and we are falling further and further behind the rest of the world. We need to rebuild our crumbling infrastructure, including rail. When we do that we not only make our country more productive and efficient, we create millions of new jobs.”

“We can set no limit to human potentialities; all that is best in man can be bettered; it is not a question of producing a highly efficient machine, ... but of quickening all the distinctly human features, all that is best in man, all the different qualities, some obvious, some infinitely subtle, which we recognize as humanly excellent.”

“Hip hop is just a reflection of what's going on, or where the art is....Technology definitely gives artists a new mind, new voice and creativity. Right now people need to be more places at once....so whatever can get people to the next level to be efficient is how technology is going to be used......The danger is if people are relying too much on the machines, that new mind and new voice always has to come from within.”

“I don't know if there was really ever a golden age of the music business. Most of what was released has always been garbage and some has been able to get through and last. I don't know that it was much better thirty years ago. The music industry just wasn't as efficient. The music industry was more oddball guys who did it for fun and now they are huge corporations that have become more structured.”

“Providing clean, efficient solar/electric generators to industries such as oil companies, spanning from film and event production, construction, disaster relief, agriculture, forestry, and nonprofit organizations. We're literally helping green oil companies, helping them find ways to pollute less while creating jobs. When I look at the breadth of positive impact these technologies can have, I truly get excited. Imagine a generator where ZERO fuel is used!”

“We have so many alternatives, like kenaf. It produces more crop, it's hardier, and creates incredible paper products. Why are we deforesting for pulp and paper when we have a logical and efficient solution in plants like kenaf or bamboo? It doesn't make sense to me at all. I'm inviting anyone else who thinks the same to reach out and get involved with our think tanks around creating tree free alternatives ASAP.”