Theo Epstein Quotes

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

Markets don't allow you to hang about.

Buy cheap and sell dear.

If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.

I've always believed that competition is good for consumers and good for businesses.

The law of diminishing returns is something I really believe in.

Simple logic dictates that if you cannot even conceive the possibility of leaving a negotiation, then it is preferable never to enter one.

One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.

An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.

There's always more money to be made.

If you look at my business record, I basically love to do turn-arounds. That's where I made all of my money.

I make no claim to being a business genius. You can make so much money in this business that it loses its value.

If we guard our toothbrushes and diamonds with equal zeal, we will lose fewer toothbrushes and more diamonds.

We always find that taking a fairly hard-line position means our membership gets the best deal possible.

A Merchant may gain where the Nation loses.

Land will continue to rise in value, being yet capable of Improvement; And as the Demand increases, for the Quantity will be the same

You can never in negotiations be totally predictable. The minute you’re predictable, they’re going to figure out how to take advantage.

… competition has to shoulder the responsibility of explaining all the meaningless ideas of the economists, whereas it should rather be the economists who explain competition.

The value of money comes from the private sector in the form of price for product, services rendered, what people are willing to pay for something they want or need. That's where value happens. Government has nothing to do with that.

This is a global economy. If you're not at the bargaining table, if you don't get an agreement, someone else does.

I'm a strong believer that you can build great companies in time of both greed and fear. But you have to be paying attention and operating under the right assumptions. You don't have to believe history repeats itself, but you should accept that history rhymes.

The Indian banking industry has always been full of competition, and there is enough room for growth.

Businesses will ultimately go where the markets and opportunities are.

I don't really care about capitalizing on momentum.