Quotes About Firms

Morgan challenged London's established banking firms and eventually surpassed them, becoming the most important American banker in London in the 1860s.

To be successful in a knowledge economy firms need to create learning organizations.

Today, by contrast, data has become much more essential for power—whether it's the market power of firms, the domestic political power of governments, or the military power of nations. Nearly two-thirds of today's global economy is based on intangible services,33 not tangible goods, and some experts estimate that up to 40 percent of the world's jobs could be automated in the next fifteen to twenty-five years.

Several other aerospace and defense firms have announced plans to build facilities in north Mississippi in recent weeks. They join an impressive group of high-tech companies already doing business in our region.

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

There are no absolutes in this world, and there will always be mistakes that are made within brokerage firms; there will always be people who set out to deceive the regulators and even deceive their own senior management.

Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it's been sent to India or another country.

He attributed the stupidity of Conservatism to its attachment to the hereditary principle. This also explained the inefficiency of many British firms. British capitalism was dominated by third-generation men.

There is no question that the losing IPOs far outnumber the winners. Of the 8,606 firms examined, the returns on 6,796 of these firms, or 79 percent, have subsequently underperformed the returns on a representative small stock index, and almost half the firms have underper-formed by more than 10 percent per year.

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors' eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return.

Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred.

We can no longer contemplate a world in which public or private sector funds are used to bail out or recapitalize failing firms.

Growth means creating the right conditions for the private sector - farmers and firms - to invest and do business.

Producing fuel cells and solar panels requires high tech facilities and produces high paying jobs. The industry is booming in Arizona. The state already has about 100 firms in the solar industry and has grown 20% since 2003.

Seattle was hardly a tech magnet before Amazon, Microsoft, and then a host of once-fledgling technology firms set up operations there.

Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one company. They can get the benefits of scale without the inertia of scale.

Thus it was that, beginning in about the ninth century, the growing monastic estates came to resemble well-organized and stable firms that pursued complex commercial activities within a relatively free market, investing in productive activities involving a hired workforce, guided by anticipated and actual returns.

I am the instrument of a firm which installs instruments to protect the instruments of firms which produce meat cloth machines and whisky, instruments to feed, dress, move and stupefy us.

Japanese general trading companies offered loans, technical assistance, and trade agreements to firms from other countries, which cut logs to Japanese specifications

Exceptional firms have always been good at aligning their mission or purpose with their execution and, as a result, have enjoyed category leadership in sales and profits.

Only the prestigious Wall Street firms such as J. P. Morgan and Company or Kuhn, Loeb could tap the foreign and domestic capital needed to execute these transactions.

Many refiners received rebates, not just the leading firms, and some tiny rivals actually got superior discounts, especially from the Pennsylvania Railroad.

You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.

You would think that the U.S. government would not think that American firms needed subsidizing to function in developing countries, provide advice, but they do.