“There is hardly anything in the
world that someone cannot make a little
worse and sell a little cheaper, and the people
who consider price alone
are that person’s lawful prey.
It
is unwise to pay too much, but it is also
unwise to pay too little.
When you pay too much, you lose a little
money, that is all. When you pay
too little, you sometimes lose everything
because the thing you bought is
incapable of doing the thing you bought
it 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.”
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