Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
Nathan MyhrvoldRelated topics
business buy continue creating done easy low making plummet thing transaction things costsRelated quotes
I am a collection of thoughts and memories and likes and dislikes. I am the things that have happened to me and the sum of everything I've ever done. I am the clothes I wear on my back. I am every place and every person and every object I have ever come across. I am a bag of bones stuck to a very large rock spinning a thousand miles an hour.
Macaulay Culkin
I think we judge talent wrong. What do we see as talent? I think I have made the same mistake myself. We judge talent by people's ability to strike a cricket ball. The sweetness, the timing. That's the only thing we see as talent. Things like determination, courage, discipline, temperament, these are also talent.
Rahul Dravid
It is only necessary to seek one thing: to be with Jesus. The man who remains with Jesus is rich, even if he is poor with regard to material things. Who ever desires the earthly more than the heavenly loses both the earthly and the heavenly. But whoever seeks the heavenly is Lord of the whole world.
Ignatius Bryanchaninov
