“It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money -that’s all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do.
The common law of business balance prohibits paying a little and getting a lot - it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”
~ John Ruskin (1819-1900), leading English art critic of the Victorian era, also an art patron, draughtsman, watercolourist, a prominent social thinker and philanthropist; he wrote on subjects ranging from geology to architecture, myth to ornithology, literature to education, and botany to political economy;
Say Keng's comments:
This is analogous to the following quote, the short form of which had once been spotted by me, as displayed prominently in one of the Gucci boutiques in Singapore:
“The bitterness of poor quality is remembered long after the sweetness of low price has faded from memory.”
~ Aldo Gucci of the Gucci Family;
The short form:
"Quality is remembered long after the price is forgotten."
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