Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
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Chapter 7, Portfolio Policy: The Positive Side, p. 75Benjamin Graham
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The “Meat” were there because of REAMDE, which had been present at background levels for several weeks now but that recently had pinballed through the elbow in its exponential growth curve and for about twelve hours had looked as though it might completely take over all computing power in the Universe, until its own size and rapid growth had caused it to run afoul of the sorts of real-world friction that always befell seemingly exponential phenomena and bent those hockey-stick graphs over into lazy S plots.
Neal Stephenson
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Milton Friedman
The growth of New England was a result of the aggregate efforts of a busy multitude, each in his narrow circle toiling for himself, to gather competence or wealth. The expansion of New France was the achievement of a gigantic ambition striving to grasp a continent. It was a vain attempt.
Francis Parkman
I myself have no doubt in the past tended to appear to many to be more concerned with the creation of wealth than with its distribution. I must confess that there is a degree of truth in this, but to the extent that it is true, it has been because of my conviction that the rapid growth of the economy, and the pressure that comes with it on demand for labour, both produces a rapid and substantial redistribution of income directly of itself and also makes it possible to assist more generously those who are not, from misfortune temporary or permanent, sharing in the general advance. The history of our last fifteen years or so demonstrates this conclusively.
John James Cowperthwaite
Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
Peter F. Drucker
Graham, Benjamin
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