Business Quote by Warren Buffett
“Every company that has an economist working for him has one employee too many.”
About This Quote
Having an economist on staff often means the firm is over‑staffed with costly analysis.
In simple terms: Economists can be redundant.
Key Takeaway
Consider lean staffing.
Themes
efficiency
staffing
cost control
Mood
pragmatic
critical
Type
business
advice
When to use this quote
- corporate budgeting
- strategic planning
- consulting
- outsourcing
Key Concepts
economics
resource allocation
Questions to Reflect On
- Is every analytical role essential?
- How to balance insight vs expense?
A Different Perspective
Economists may add strategic insight despite cost.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
