Quotes & Sayings About Bad Businesses

Here is an all-too-brief summary of Buffett's approach: He looks for what he calls "franchise" companies with strong consumer brands, easily understandable businesses, robust financial health, and near-monopolies in their markets, like H & R Block, Gillette, and the Washington Post Co. Buffett likes to snap up a stock when a scandal, big loss, or other bad news passes over it like a storm cloud - as when he bought Coca-Cola soon after its disastrous rollout of "New Coke" and the market crash of 1987. He also wants to see managers who set and meet realistic goals; build their businesses from within rather than through acquisition; allocate capital wisely; and do not pay themselves hundred-million-dollar jackpots of stock options. Buffett insists on steady and sustainable growth in earnings, so the company will be worth more in the future than it is today. — Benjamin Graham

This had been a bad section of town before the Circus moved in and brought in money, which attracted other businesses. The area had been gentrified not because of some government interference, but by good old-fashioned capitalism, which was one of Jean-Claude's favorite things. — Laurell K. Hamilton

thousand CEOs, business owners, and highly successful entrepreneurs about their businesses and how they lead companies through good times and bad. One of the most important questions I ask them is "What's the biggest worry keeping you awake at night? — Jason Jennings

Good businesses can survive a little bad management. — Charlie Munger

To me, the conclusion that the public has the ultimate responsibility for the behavior of even the biggest businesses is empowering and hopeful, rather than disappointing. My conclusion is not a moralistic one about who is right or wrong, admirable or selfish, a good guy or a bad guy. My conclusion is instead a prediction, based on what I have seen happening in the past. Businesses have changed when the public came to expect and require different behavior, to reward businesses for behavior that the public wanted, and to make things difficult for businesses practicing behaviors that the public didn't want. I predict that in the future, just as in the past, changes in public attitudes will be essential for changes in businesses' environmental practices. — Jared Diamond

Democracy is only good for a society where individuals are educated and have the ability to differentiate right from wrong without any influences from the outside. India is the biggest democracy in the world, yet, why is it so venal, divided and poor? America is the greatest democracy of the world, yet, it only has two main political parties, which are heavily influenced by lobbyists from religious groups, and powerful institutions like businesses, trade unions and think-tanks. In contrast, China is a nation ruled by one party, yet it has prospered during the last three decades, which is nothing less than a miracle. No other country on earth has ever achieved that feat. No system is good or bad for all. I am not saying democracy is bad, but it is not good for all. It can be good or bad for certain periods of time, circumstances and societies. There is no such thing as one idea fits all."

FROM MY NO.7 BOOK COMING SOON.... — Tim I. Gurung

I hate the concept of luck, especially when people try to apply it to me. Yes, it's true: Hundreds of thousands of businesses fail. Mine succeded. Was that all just because I "got lucky"? I don't really think so.
What I hate about luck is that it implies being devois of responsibility. It implies that you can do nothing and the step into success as easily as stepping into a pile of dog poop on the sidewalk. It implies that success is something given to a knighted and often undeserving few. Luck tells us that we don't control our own fate, and that our path to succes of failure is written by someone, or something, entirely outside overselves. Luck let us believe that whatever happens, whether good or bad, it's not to our credit or our fault. That is why I don't buy luck. But I do buy magic. — Sophia Amoruso

Entrepreneurs start businesses because ... they have no choice. Passion and energy drive them on good days and sustain them on bad days — Barry Moltz

The smell of good bread baking, like the sound of lightly flowing water, is indescribable in its evocation of innocence and delight ...
[Breadmaking is] one of those almost hypnotic businesses, like a dance from some ancient ceremony. It leaves you filled with one of the world's sweetest smells ... there is no chiropractic treatment, no Yoga exercise, no hour of
meditation in a music-throbbing chapel. that will leave you emptier of bad thoughts than this homely ceremony of making bread. — Mary Francis Kennedy Fisher

I have fun running all the Virgin businesses, so a setback is never a bad experience, just a learning curve — Richard Branson

There is a tendency among some businesses to criticize and belittle their competitors. This is a bad procedure. Praise them. Learn from them. There are times when you can co-operate with them to their advantage and to yours! Speak well of them and they will speak well of you. You can't destroy good ideas. Take advantage of them. — George Matthew Adams

Buying a share of a good business is better than buying a share of a bad business. One way to do this is to purchase a business that can invest its own money at high rates of return rather than purchasing a business that can only invest at lower ones. In other words, businesses that earn a high return on capital are better than businesses that earn a low return on capital. — Joel Osteen

Two thirds of federal disaster aid is weather related,and though we cannot prevent bad weather, we are getting better at predicting it. The Commerce Department's NDRI will help save lives and protect property. We will be working closely with FEMA, the Interior Department and other federal agencies, with state and local governments and with our nation's businesses. — William M. Daley

Wealth is, for most people, the only honest and likely path to liberty. With money comes power over the world. Men are freed from drudgery, women from exploitation. Businesses can be started, homes built, communities formed, religions practiced, educations pursued. But liberals aren't very interested in such real and material freedoms. They have a more innocent - not to say toddlerlike - idea of freedom. Liberals want the freedom to put anything into their mouths, to say bad words and to expose their private parts in art museums. — P. J. O'Rourke

Use law and physic only for necessity; they that use them otherwise abuse themselves unto weak bodies, and light purses; they are good remedies, bad businesses, and worse recreations. — Francis Quarles

When the corporation's investment capital becomes impatient for growth, good money becomes bad money because it triggers a subsequent cascade of inevitable incorrect decisions. Innovators who seek funding for the disruptive innovations that could ultimately fuel the company's growth with a high probability of success now find that their trial balloons get shot down because they can't get big enough fast enough. Managers of most disruptive businesses can't credibly project that the business will become very big very fast, because new-market disruptions need to compete against nonconsumption and must follow an emergent strategy process. Compelling them to project big numbers forces them to declare a strategy that confidently crams the innovation into a large, existing, and obvious market whose size can be statistically substantiated. This means competing against consumption. — Clayton M Christensen

I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage. — Jamie Dimon

The truth is in California you can't build a new manufacturing facility, and businesses are leaving in droves because of bad government policy. — Carly Fiorina

We have 400,000 small businesses forming every year in this country. How great is that? They are employing themselves, they are potentially employing others. The bad news is, we have 470,000 going out of business every year. And why? They cite Obamacare. — Ted Cruz

This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs. — Jodi Rell