What costs little, is less esteemed.

 

What costs little, is less esteemed.

 

Thomas Fuller (writer)

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I have since often observed, how incongruous and irrational the common temper of mankind is, especially of youth, to that reason which ought to guide them in such cases - viz. they are not ashamed to sin, and yet are ashamed to repent. Not ashamed of the action for which they ought justly to be esteemed fools, but are ashamed of the returning, which can only make them be esteemed wise men.

 

Daniel Defoe

 

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

 

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.

 

Ralph Waldo Emerson

 

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