Buyer Quotes
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Warren Buffett
Early entry is appropriate when the following general circumstances hold:
- Image and reputation of the firm are important to the buyer, and the firm can develop an enhanced reputation by being a pioneer.
- Early entry can initiate the learning process in a business in which the learning curve is important, experience is difficult to imitate, and it will not be nullified by successive technological generations.
- Customer loyalty will be great, so that benefits will accrue to the firm that sells to the customer first.
- Absolute cost advantages can be gained by early commitment to supplies of raw materials, distribution channels, and so on.
Michael E. Porter
Every possible buyer of an immaterial pictorial sensitivity zone must realize that the fact that he accepts a receipt for the price which he has payed takes away all authentic immaterial value from the work, although it is in his possession. In order that the fundamental immaterial value of the zone belong to him and become a part of him, he must solemnly burn his receipt, after his first and last name, his address and the date of the purchase have been written on the stub of the receipt book.
Yves Klein
In case the buyer wishes this act of integration of the work of art with himself to take place, Yves Klein must.... plus two witness, throw half of the gold received in the ocean, into a river or in some place of nature where this gold cannot be retrieved by anyone. From this moment on, the immaterial pictorial sensitivity zone belongs to the buyer absolutely and intrinsically.
Yves Klein
Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective - economic value, anyway - while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.
L. Neil Smith
In principle, every social situation involves strategic interaction among the participants. Thus, one might argue that proper understanding of any social situation would require game-theoretic analysis. But in actual fact, classical economic theory did manage to sidestep the game-theoretic aspects of economic behavior by postulating perfect competition, i. e., by assuming that every buyer and every seller is very small as compared with the size of the relevant markets, so that nobody can significantly affect the existing market prices by his actions.
John Harsanyi
In the office there are about fifteen people whose attention is directed toward a table covered with the costly fabric [raw cotton]; one man is bent over the table and another is sort of seating on it – the buyer and the broker are discussing a sample. A painting of a vernacular subject, if there is such a thing, and I think by a better hand than most others (a size 40 canvas, I think). I'm planning another less complicated and more surprising yet, better art, in which everyone is in summer dress, the walls white, and a sea of cotton on the tables. (translation based on M. Kay's, in M. Gérin [ed.] and M. Kay, transl. 'Degas letters', Oxford, 1947, pp. 29-30, no. 2.
Edgar Degas
[In this auction we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] ... each buyer fear that someone may slip in ahead of him.
Kenneth Boulding
The economy is not in our [i. e. black] hands, we are not in control of economic power. We have identified the weaknesses in [land reform]. Willing buyer, willing seller did not work. It made the state's price tag an unfair process. In addition there are many laws dealing with land which cause confusion and delays. ... Land hunger is real.
Jacob Zuma
The worker's existence is thus brought under the same condition as the existence of every other commodity. The worker has become a commodity, and it is a bit of luck for him if he can find a buyer, And the demand on which the life of the worker depends, depends on the whim of the rich and the capitalists.
Karl Marx
