Transact Quotes

“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.”

“So far as variations in the objective exchange-value of money are foreseen, they influence the terms of credit transactions. If a future fall in the purchasing power of the monetary unit has to be reckoned with, lenders must be prepared for the fact that the sum of money which a debtor repays at the conclusion of the transaction will have a smaller purchasing power than the sum originally lent. Lenders, in fact, would do better not to lend at all, but to buy other goods with their money. The contrary is true for debtors. If they buy commodities with the money they have borrowed and sell them again after a time, they will retain a surplus over and above the sum that they have to pay back. The credit transaction results in a gain for them. Consequently it is not difficult to understand that, so long as continued depreciation is to be reckoned with, those who lend money demand higher rates of interest and those who borrow money are willing to pay the higher rates. If, on the other hand, it is expected that the value of money will increase, then the rate of interest will be lower than it would otherwise have been.”

“The business of lying is transacted in the abode of the gullible.”

“Business should never be merely transactional -it should be transformational”

“There are misplaced expectations, once you recognize those, you are only left with smart ones. To "expect yourself" to expect nothing (from others) is going against human psychology. Expectation is the root of all valid transactions and fulfillment.”

“When one has no fear of insults, no one will insult him; that is the rule. The ‘transactions’ will continue as long as there is fear. The moment fear is gone, the transactions will end.”

“For every transaction, there is someone willing to buy and someone willing to sell at an agreed price, both believing that it's good value and that the counterparty is a little crazy.”

“According to the prophecy a child was going to come along that would be part human and part robot and this child was going to change everything. Of course it was way too soon – both sides were totally unprepared, not to mention the fact that they had their parts mixed up. The girls were only interested in romance, and the robots in completing a transaction.”

“You have the legs and other also have it; they have the brain and you have it! Stop thinking you can't transact the business that others can. If you do, you are raising your inflation rate!”