Cleverness Quote by David Ricardo
“Profits are not made by differential cleverness, but by differential stupidity.”
About This Quote
Source Book: Principles of Political Economy, 1817
Success stems from exploiting others' mistakes, not just clever ideas.
In simple terms: Profit comes from others' errors.
Identify and capitalize on market inefficiencies.
Themes
Mood
Type
When to use this quote
- investment
- business planning
- risk assessment
- innovation
Key Concepts
Questions to Reflect On
- What ethical boundaries exist in exploiting inefficiencies?
- How can one create value without depending on others' mistakes?
Relying on others' errors can be unethical and unsustainable.