Profitable Business Quotes
When the head of state of family thinks first of gouging out an income, he must perforce do it through small men; and even if they are clever at their job, if one employ such inferior characters in state and family business the tilled fields will go rack swamp and ruin and edged calamities will mount up to the full.... This is the meaning of: A state does not profit by profits - Pound's translation of Confucius
Ezra Pound
I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.
Warren Buffett
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