Sublime

When people believe a company has bright future prospects, the company’s Valuation increases. If people believe the company is in trouble, the Valuation decreases. This dynamic explains why some companies, like Amazon.com, have share prices equal to over one hundred times the company’s most recent earnings per share report, while troubled companies

Managers have become keenly aware that value alone does you little good unless you can communicate it successfully.

some, indeed, have an uncanny, even unwavering belief that their work is worth a certain amount and they escape the normal equivocation that comes when discussing fees.

Stocks are ownership shares of businesses, which must be valued. 2. They should be bought only when they trade for less than they are worth. 3. In the long run, the market is rational and will (more or less) reflect the fair value of these businesses.

You begin to see each activity not just as a cost, but as a step that has to add some increment of value to the finished product or service.

Upper-middle class professionals center their tastes around discovery of interesting and superior goods.

The emphasis here is on high value to customer, which includes not just the core product itself, but also the extensive “envelope” of other benefits which surrounds it. Nonetheless, costs must remain within acceptable levels.