And I think there would also be, you know, the argument that the model can create value by, you know, improving operations, cutting inefficiency and, you know, supporting underperforming companies by bringing discipline. And so there's, you know, a lot of different contested research on this.
They taught me a tremendous amount about medicine and health care, cure and caring, efficiency and inefficiency . The two months went by, and then a year or two, and I really didn't notice that the years had gone by or that I was learning a lot from the patients until I got to my patient, Mrs. Todd. Ms. Todd was 35 years old.
they put forward. A particular idea was that markets are self-regulating, are self-adjusting, self-correcting. So you didn’t need government. It just got in the way and contributed to the inefficiency of the economy. Well, we should have known that that idea was badly flawed because we had something called the Great Depression. There are other instances where the economy has not worked very well, other areas where it hasn’t worked very well. But those were swept aside.
management one problem with failing companies and failing governments even quite successful governments actually actually is a lack of transparency inefficiency and criminality thrive in secret for jingis transparency was crucial his troops were herdsmen there was no money their only wealth came either from herds or from
So this formula-- this really, really simple formula-- gets at another level of modeling the game more accurately. And the market inefficiency now is taking care of people who hit home runs and triples and doubles and take walks. Now, this market inefficiency is completely closed today.
So the combination of complex structures, use of leverage, and not a lot of time explaining results to Wall Street, occasionally produces inefficiency , even in the best capital allocators. and I were talking before about how this would be true as recently as 2012 in the Berkshire Hathaway stock.
Sometimes there are problems in this process. So we get a tremendous amount of inefficiency , multiplied by all the transactions that happen in the world, because we have all these multiple islands and they don't connect up.
We are trying to stand out in being net neutral, and community-focused, and driven, and things like that. Or do you have an inefficiency of 10x?
And from experience, in general, and experience, particularly at Laguna Honda, I believe in or to have a good health care system, we actually need to put inefficiency , that is unregulated free time for the doctors and the nurses to have the time to look at their patients
If you are the Labor Party in 1945, and you've just won the election, you believe in a National Health Service, because you believe that the inefficiency that will be inherent in the National Health Service maybe the drop in innovation that might happen because of a bureaucracy, is worth it for greater equity.
The decision makers weren't listening to the folks telling everybody there's a better way to model the game of baseball. And you can imagine the market inefficiency . Instead of modeling your team on the best batting average, the players with the best batting average, you can start modeling your team on the player
But where we are seeing the bigger impact actually is in emerging markets. It was revealing the massive inefficiency .
What types of situations am I going to look at? Why are those situations ripe for inefficiency , being inefficiently priced? How many stocks am I going to own?
So this is happening for a number of reasons. The simple reason is it's an inefficiency exchange. The brain is a giant energy hog.
I had too much to do, too many forms to fill out, too many other patients to see. It would have meant crossing an inefficiency boundary. And yet, Dr. Curtis got in his car without much questioning and was hurrying back to the ward with the shoes to put them on the patient himself.
I had thought now that I'm doing this, that I could escape away from that. But that exact same mentality and that dysfunction and that inefficiency , like, I still battle it every day. - That's why it takes, it takes unique characters to lead the way.
And the market inefficiency now is taking care of people who hit home runs and triples and doubles and take walks. Now, this market inefficiency is completely closed today. But before the publication of "Moneyball," this market inefficiency was wide open.
Now, this market inefficiency is completely closed today. But before the publication of "Moneyball," this market inefficiency was wide open. It was first described, like I said, in the early '80s.
It made us in nature. But can we harness this force without the incredible inefficiency and pain that features natural competition, the incredible lost opportunities, and the violence and death.
money of the of the money Gap the inefficiency are quickly being removed from the
And what I find so interesting is that engineers call this a monument in inefficiency .
but worry about corruption, about inefficiency in aid groups, or just the problem seemed too vast, so that anything you do
Right, so you talk in your book about how our obsession with economic inefficiency has driven inequality in America.
But he's a man of some-- oh, what's the word-- inefficiency , some lacking, some insecurity
But we were trying to find a way to actually describe to people what we meant by that inefficiency in the system.
I learned a lot from Dr. Curtis, but it was in the case of the missing shoes that he taught me the most about care and caring, time and inefficiency . On this particular day, I met him by accident in the wide-windowed corridor that ran the length of the hospital and connected all the wards.
Over 3 and 1/2 billion years have to tell you that there's not going to be a lot of waste and inefficiency in nature.
to be captured by the market, even at the price of great inefficiency , is going to lead to increasing push back if they start to succeed.
I think the first question is, how do we recognize opportunity for technology to really correct the inefficiency in what companies and entities do and help them eventually discover
The same sex women couples were also not doing the full CPE, but they were doing a different type of inefficiency .
it took me. So I was quite happy there. And then meanwhile-- of course, I'd gone back to study-- so this is actually what I call the efficiency of inefficiency . Meanwhile, I'd gone back, as I had decided to do, to get my PhD in medical history with Hildegard of Bingen as my focus.
But at the same time, they saw that this was also, in a sense, a kind of market inefficiency that they could exploit, that no other NBA teams were really
Most of the time, when we talk to people about human energy, it's about the loss and the inefficiency of our system