"Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly."

-- Jeremy Grantham

#Mean Quotes #Competition Quotes #Gone Quotes

“If you are a leader, you should never forget that everyone needs encouragement. And everyone who receives it - young or old, successful or less-than-successful, unknown or famous - is changed by it.”
“As a matter of fact is an expression that precedes many an expression that isn't.”
“We all laced togetherâ€”a brothel madam, an English professor, a mute cook, a quadroon cabbie, and me, the girl carrying a bucket of lies and throwing them like confetti.”
“Desperation can make a person do surprising things.”
“No matter what it is, pick yourself up and go on to the next project”
“Christ preferred the poor; ever since I have been converted so have I.”
“IT WAS TESS who told me about the crowd going to the all-night dance. We'd been school friends. We'd picked mushrooms and pretended to have seen a big ship. She had got married since I went away; it was a made match, a man from the midlands, a Donal, who had worked in a garage but took to farming, out all day, draining fields and callows so that he could till them and sow corn.”
“My process is thinking, thinking and thinking - thinking about my stories for a long time.”

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