Warren Buffett Quotes

I never wanted to compete on price in my history because on price, you don't always win.

A company's best advantage should be a quality product offered at the right price. That fair competition is what drives innovation.

In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.

I look at companies as price-players or quality-players. The only way to go with J.Crew was quality.

For us, the reason that our quality has been high, and I feel that our pricing has been reasonable, is because we don't wholesale.

He [Steve Jobs] had come from the surplus electronics parts world.So he came from that world, and he said let's sell PC boards for $40. We'll build them for $20 and sell them for $40.

Only a few businesses will succeed by having the lowest price, so most will need a strategy that includes customer services.

It is commonly our Scots way to do little business but squeeze up high prices, whereas it would much more real advantage to enlarge the business, have the profit, though small upon it, yet many smalls to make a great.

I am confident,, it will prove a mighty business considering that, in all probability, we shall be able to under-sell the linen cloths of Holland and France at least twenty in the hundred.

We are going to continue to run a business, and we are going to continue to meet the supply and demand that's out there.

I don't think my basic business strategy is well known by the public, probably because people think it's too simple. My strategy has always been to try to focus in on a product or service where you can create a dollar of value for 20 cents and sell it for 40 cents.

My sister and I had a lemonade stand - with a two-drink minimum.

The fact is, Joe Isuzu is very successful at selling cars.

When I think of revenue growth, I think of the words 'mix' and 'shift.'

Market share is key.

I think the only way to maintain profitability is to meet the needs of the customers.

To me, a great company starts with a great product and ends with a great product.

When a product is market driven, it should be able to pay for all its raw materials at market prices.

I consider myself a businessman, not a celebrity or a music star. When I'm getting involved with something I need to executive produce it or be a part of putting it together as an investor. I want to play both sides. That's more important to me than just being a celebrity.

I knew that if I could create a quality product and find the proper retail outlets, it would be a great company.

If you're selling t-shirts as a heel - you're selling them - then you've failed miserably.

When it comes to creating a product or running a company, you need to prioritize the goal of the company or the creation of the product over and above every personal interaction you have.

Our focus is on the customers and improving their experience. We believe that if we do that well, competition, prices, and profits will all take care of themselves.

Competing at full price is the way we like to do business, but we cannot ignore the promotional environment.

Grandpa didn't have any idea of customer service. But he wanted to make a living. Eventually, we saw it was not in our best interest to be arguing with customers.