“One’s life, liberty and the products of one’s labor were not intended to be up for grabs by grubby, greedy majorities. Contra classical natural law theory, legal positivism equates justice with the law of the state. However, from the fact that most Americans want others to fund or subsidize their health care, it does not follow that they have such a right. A need is not a right.” MenWantNeedsDoeFactsLibertyProductsLaborMajorityFundHealthcareGreedy Author:Ilana Mercer
“I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.” WellsKnownProductsInvolvedLateFund1960sConsultantsScholesIndex FundsFargoWells Fargo Author:Myron Scholes
“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.” PeopleWayGivingYearsTwoWholeTodayTogetherGuyValuesThreePoorFourProductsTerriblePercentBasesManagementInvestmentInvestingFundMutualPercentagesLike SomethingBuyersMoney ManagementGeneral PublicFunny BusinessBrokersMutual FundInvestment Management Author:John C. Bogle
“The success of the stock connect program and the increased market volatility means investors are looking for more products to access China markets performance than exchange traded funds, and futures are feeding that rising demand.” MeanSuccessProductsDemandProgramPerformancesChinaAccessRisingFundInvestorsFeedingVolatility Author:Andrew Sullivan
“There used to be corporations that produced products. Now there are just banks that produce deals, hedge-fund-driven banks and derivatives and those things.” UsedDealsProduceProductsDrivenUsed To BeCorporationsFundDerivativesHedge Fund Author:Cornel West
“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
“Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country.” PeopleIfsThinkingYearsCountryGuyValuesPoorProductsTerribleMaking MoneyFundMutualDisgustingPercentagesGeneral PublicBrokersMutual Fund Author:Charlie Munger
“There are a group of people who are managing the world to their advantage and who just look to the rest of us as people who will buy their products and fund their salaries.” PeopleWorldLooksGroupsProductsAdvantageFundSalary Author:Jeremy Irons
“With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.” TodayPoorProductsNeededCostPaidInnovationTradeImpactMedicineRewardsInjusticeProductionsVersionsBuyingFundPreventingSuppressionGeneric Author:Thomas Pogge
“Competing companies evolve toward efficiency as the more efficient ones profit and expand while those who fall behind fail. And companies being efficient and profiting under the Health Impact Fund, this is exactly what we want, because the company's profit is directly driven by the health impact its registered products achieve.” WantFallBehindsCompanyFailingAchieveProductsImpactProfitDrivenEvolveFundEfficientEfficiencyCompeting Author:Thomas Pogge
“If the Health Impact Fund were to be instituted, a single company would be in charge of a medical product all the way from its conception to the health improvements realized by actual patients. The company would be paid for health impact, and it would have to arrange the entire pipeline in between - all the steps of invention, of clinical testing, of getting marketing approval in many different countries, of wholesalers and retailers and prescriptions and so on - in a holistically optimal way.” IfsWayDifferentCountryWould BeCompanyStepsProductsPaidImpactPatientMarketingMedicalImprovementInventionFundConceptionApprovalTestingPrescriptionsClinicalsDifferent CountriesPipelineOptimalRetailers Author:Thomas Pogge