“One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.” PeopleWritingYearsDifferentEndsHardExampleHard WorkSittingProfitChecksConstructionCashYardsEquipmentMetrics Author:Charlie Munger
“EdX will be a creating a platform which will be open source, not for profit, and a portal for a website where universities will offer their courses. For example, MIT courses will be offered as MITx and Harvard courses as HarvardX.” CoursesExampleSourceOffersCreatingUniversityProfitPlatformsWebsiteHarvardPortalOpen SourceMit Author:Anant Agarwal
“'Freeing' a literary work into the public domain is less a public benefit than a transfer of wealth from the families of American writers to the executives and stockholders of various businesses who will continue to profit from, for example, 'The Garden Party,' while the descendants of Katherine Mansfield will not.” WealthPartyExampleBenefitsGardenProfitVariousExecutivesDomainTransfersDescendantsAmerican WriterLiterary WorksPublic Domain Author:Mark Helprin
“And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.” IfsThinkingPersonsFightingProcessHellShareCrazyExampleDecidedProfitRuinsMakersBentCereal Author:Charlie Munger
“Take charity work for example; the motivation of my various charitable activities is neither for fame nor profits. It is my sincere wish that, through my efforts, more people can realize how important it is to protect our planet and to start to act for a change.” PeopleImportantMotivationWishRealizingEffortExamplePlanetsActivityFameProtectCharityProfitVariousSincereOur PlanetCharitableCharity Work Author:Li Bingbing
“There can be associations - enlightened businesses, for example - that do not work on the basis of us against them or wanting profit as the main motivating force behind what they do.” ForceBehindsExampleBasesProfitEnlightenedAssociation Author:Eckhart Tolle