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Price is the maximally compressed signal of economically relevant information.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
“End the practice of awarding business on the basis of price tag. Instead, minimize total cost. Move toward a single supplier for any one item, on a long-term relationship of loyalty and trust.”
John Willis • Deming's Journey to Profound Knowledge: How Deming Helped Win a War, Altered the Face of Industry, and Holds the Key to Our Future
Priceless: The Myth of Fair Value (and How to Take Advantage of It)
William Poundstone • 3 highlights
amazon.comsoftware firm offered cloud software for businesses at an extremely low monthly fee of $19.90 per workstation. The price for the comparable competitive product stood at more than $100. Several months after the launch, the company’s CEO told me that “small businesses are really excited about our prices. For the first time, they can afford this kind
... See moreHermann Simon • Confessions of the Pricing Man: How Price Affects Everything
Quality, price, service: pick two.
Michael W. Preis • 101 Things I Learned® in Business School (Second Edition)
It is very important that you agree on pricing because you don’t want to be locked into a long-term purchase/supplier commitment and then have the supplier raise prices on you. Ideally, you lock in the prices you are already receiving or get an even more favorable price.
Roland Frasier • Business Wealth Without Risk
Madhavan Ramanujam - How to Price Products onInvest Like the Best with Patrick O'Shaughnessy Colossus
podcasts.apple.comif you need a prayer session before raising price, then you’ve got a terrible business.”11