Financial Optimization Quotes

Cost reduction and cost control are by their very nature sort of anti-social activities.

If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent.

People who cost too much: manager, lawyer, publicist, label, music publisher.

If you can make finance more functional, make it a tiny percent better, you create a great deal of resources, which you can use for other things like education and healthcare.

The allure becomes, "Can I make these rooms bigger?" Can I fill these 1,500-seat rooms? Then the allure is, how much, if we're being honest, how much can I squeeze out of it financially?

Creating efficiencies in private markets is a huge win for the economy.

If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you; I'm not doing it because I want to be universal.

The truth is, no one pays more tax than they have to.

Over and over again courts have said that there is nothing sinister in so arranging one's affairs so as to make taxes as low as possible. Everybody does so, rich or poor, and do right, for nobody owes any public duty to pay more taxes than the law demands. Taxes are enforced exactions, not voluntary contributions.

Money is a great way to get happiness. Right? Lots of wonderful things you can do with money. The question is, are we really optimizing on that? So, if you think about getting lattes and getting cable. Which one of those is actually giving you a greater happiness, and if you have to cut on one of those, which one would you cut? So, I think thinking in terms of concrete terms would help us a great deal.

If you optimize for money too early, you will be minimizing for learning, almost without exception.

New management at Nine has launched a concerted attack on its cost base in order to restore margins through eliminating waste, improving efficiency and lowering programming costs.

The first set of questions to ask yourself when you're doing cost cutting is relatively straightforward, which is, you know, can you use the necessity of cost cutting as an opportunity to do pruning or trimming for projects that aren't being as successful? But, you know, frequently those are the easy ones. I mean, there's always some kind of social costs internal to the company, but that's the easy way of looking at the future.

Finance is the art or science of managing revenues and resources for the best advantage of the manager

Obviously the best way to retain the most profit is to not give any of it away. That's something that you certainly learn through the years.

If you pay 50 million for something, you probably pay another 50 to 100 million to activate it. And the more you spend, the better you do. There is no point in just buying rights.

How much should you earn? As much as you possibly can. It doesn't matter whether you earn $10,000 a year or $100,000 a year as long as you've done the best you can.