It costs a beautiful person no exertion to paint her image on our eyes; yet how splendid is that benefit! It costs no more for a wise soul to convey his quality to other men.
--
“Uses of Great Men,”Ralph Waldo Emerson
» Ralph Waldo Emerson - all quotes »
Beating the market is a zero-sum game for investors. Money managers, as a group, must provide the market return... But that return comes only before their exorbitant fees, operating expenses, and portfolio turnover costs are deducted. The zero-sum game before costs becomes a loser’s game after costs.
John Bogle
In 1946 what I call my ‘Little Image’ began breaking through this (former) gray matter of mine. I felt fantastic relief that something was beginning to happen after all this time when there was nothing, nothing, nothing… …The canvas is down on a floor or table and I am working out of a tiny can. In other words, I have to hold the paint so I can move it. But I wouldn’t have been using Duco (industrial paint, ed.). My paint would always have been oil and I could get the consistency of a thick pouring quality in it by squeezing it into a can and cutting it with turp (turpentine, ed.) – the way I use paint today (1975, ed.)... ...The only thing I can say with absolute assurance is that my ‘Little Image’ work starts about 1946 and ends in 1949.
Lee Krasner
In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.
Friedrich Hayek
We can't even reform the way we make pennies and nickels. This week we learn that making a penny now costs 2 cents and making a nickel costs 9 cents, which makes no sense.
Bill Maher
A ship is always referred to as "she" because it costs so much to keep her in paint and powder.
Chester W. Nimitz
Emerson, Ralph Waldo
Emin, Tracey
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