Plenty of funds have fine long-term returns despite being tax-inefficient and generally costly. But a dirty secret is this: Average, no-load fund investors do much worse than the funds - or the market.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
Here's where the insurance companies really fail us. They over-pay hospitals, specialists and drug companies and then raise premiums to cover the costs. Further, when they pay hospitals 115% of what it should cost to care for a patient, they are payi...
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
I’m the kind of guy who turns my fan on in winter, only to then go and add another blanket on top of my bed. I practice inefficiency even while I sleep, so I’ll be prepared to one day be a politician.
The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's lef...
Governments are nothing more than elaborate Rube Goldberg apparatuses, operating with absurd inefficiency. Why walk ten steps when you can make it there in a hundred?
In this context, I believe it is an imperative for the new President to select and install his team as quickly as possible, and this does not imply that he must or should appoint members of the 'other' party to his Cabinet, which could contribute to ...
When I was director of the CIA, I knew that we had been - and I'm choosing my words very carefully here - effective in our expansion. We really had - expansion of government agencies and expansion of use of contractors. Effective, we were; efficient,...
We've never thought too deeply about the roles things like forgetting or partisanship or inefficiency or ambiguity or hypocrisy play in our political or social life. It's been impossible to get rid of them, so we took them for granted, and we kind of...
The innate harmony that exists between mind and body is one of the secrets behind the amazing power of Shin-shin-toitsu-do, which is weakened by an inefficient use of the body. Our bodies must be strong, relaxed, and healthy to respond to our minds�...
Like its agriculture, Africa's markets are highly under-capitalized and inefficient. We know from our work around the continent that transaction costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely h...
It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.
Engineers love to optimize problems. Now I optimize logistical problems. I ask: 'What's the goal? What are our constraints? What is the optimal, elegant way to get to that goal within those constraints?' I break it down in terms of a data funnel: 'Wh...
The author indicts "our culture's rush toward efficiency, speed, quantification, and distraction" and counters with the value of "the time and attention required to find the best words and images and then hold them together in ways that illuminate. T...
He proved that it was equally true if the disregard was by a ruler or by a people. "It spreads like a disease," he said. "And it's infinitely more deadly when the law is disregarded by men pretending to act for justice than when it's simply inefficie...
The most inefficient and self-harming thing a person can do is go out looking for love. Let it find you when the time is right and you're out doing what you love to do. Only then will you find it in its truest form.
I waste more time trying to save time than I would if I were merely inefficient. One woman told me I make love like a fish in the desert, and I believed her, because she looked like a dry fish fucker to me.
Launching a start-up, you need to get a lot done quickly. Every day is different. Everyone pitches in with everything. It's easy for the founding team to say, 'We're flexible. We all help out with everything!' But when it comes to making decisions - ...
When I became director of CIA, it was just clear to me intuitively, without a whole lot of science behind it, that we had expanded rapidly and inefficiently. So I arbitrarily picked a number, 10 percent, and I said over the next 12 months, we are goi...
On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by huma...
