--- title: "Meaning & Key Takeaway of: There's trade, there's sensible trade…" description: "\"There's trade, there's sensible trade, and there's dumb trade.\" — Wilbur Ross" image: "https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg" --- # There's trade, there's sensible trade, and there's dumb… ![“There's trade, there's sensible trade, and there's dumb trade.” quote by Wilbur Ross](https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg) [Download](https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg) [Open image](https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg) > “There's trade, there's sensible trade, and there's dumb trade.” [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The statement categorizes trade into three levels: functional, rational, and foolish, implying that not all economic activity is equally sensible. **In simple terms:** Trade ranges from sensible to foolish. Key Takeaway Assess trade decisions for rationality. Themes economics trade decision‑making valuation Mood critical pragmatic Type observation economic commentary When to use this quote - investment meetings - policy debates - business strategy sessions Key Concepts cost‑benefit analysis behavioral economics Practical Applications - Apply rigorous analysis before entering deals - Identify red flags of irrational trade Questions to Reflect On - When can a seemingly irrational trade be justified? - How do cultural factors influence perceptions of trade sensibility? A Different Perspective What appears 'dumb' may have hidden strategic value in certain contexts. ★ ★ ★ ★ ★ No ratings yet [Sensible](https://sms4smile.com/quotes/about/sensible/) [Trade](https://sms4smile.com/quotes/about/trade/) ## Related quotes > [I'm pro-trade, but I'm pro-sensible trade, not pro-trade that is to the disadvantage of the American worker.](https://sms4smile.com/quotes/wilbur-ross/i-m-pro-trade-but-i-m-pro-sensible-trade-not-pro-trade-that-is-to-the/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I am not anti-trade. I am pro-trade. But I am pro-sensible trade.](https://sms4smile.com/quotes/wilbur-ross/i-am-not-anti-trade-i-am-pro-trade-but-i-am-pro-sensible-trade/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.](https://sms4smile.com/quotes/wilbur-ross/i-believe-if-we-and-the-mexicans-make-a-very-sensible-trade-agreement/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [51% of the French people - who are not very religious - were thinking that what "Charlie Hebdo" did was unwise. They aren't asking…](https://sms4smile.com/quotes/tariq-ramadan/51-of-the-french-people-who-are-not-very-religious-were-thinking-that/) [Tariq Ramadan](https://sms4smile.com/quotes/author/tariq-ramadan/) > [A lottery is a salutary instrument and a tax... laid on the willing only, that is to say, on those who can risk the…](https://sms4smile.com/quotes/thomas-jefferson/a-lottery-is-a-salutary-instrument-and-a-tax-laid-on-the-willing-only/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [...virtue is attended by more peace of mind than vice, and meets with a more favourable reception from the world. I am sensible, that,…](https://sms4smile.com/quotes/david-hume/virtue-is-attended-by-more-peace-of-mind-than-vice-and-meets-with-a/) [David Hume](https://sms4smile.com/quotes/author/david-hume/) > [I am far more provoked at being thought foolish by foolish people, than pleased at being thought sensible by sensible people; and the average…](https://sms4smile.com/quotes/john-ruskin/i-am-far-more-provoked-at-being-thought-foolish-by-foolish-people/) [John Ruskin](https://sms4smile.com/quotes/author/john-ruskin/) > [Sara Scherr and Jeff McNeely have given us a thoughtful, sensible book about a topic of great importance to the world. There is no…](https://sms4smile.com/quotes/ismail-serageldin/sara-scherr-and-jeff-mcneely-have-given-us-a-thoughtful-sensible-book/) [Ismail Serageldin](https://sms4smile.com/quotes/author/ismail-serageldin/) > [Truth is not only a matter of offense, in that it makes certain assertions. It is also a matter of defense in that it…](https://sms4smile.com/quotes/ravi-zacharias/truth-is-not-only-a-matter-of-offense-in-that-it-makes-certain/) [Ravi Zacharias](https://sms4smile.com/quotes/author/ravi-zacharias/) > [People may talk about the equality of the sexes! They are not equal. The silent smile of a sensible, loving woman will vanquish ten…](https://sms4smile.com/quotes/henry-ward-beecher/people-may-talk-about-the-equality-of-the-sexes-they-are-not-equal/) [Henry Ward Beecher](https://sms4smile.com/quotes/author/henry-ward-beecher/) > [Every sensible man, every honorable man, must hold the Christian sect in horror." "Christianity is the most ridiculous, the most absurd and bloody religion…](https://sms4smile.com/quotes/voltaire/every-sensible-man-every-honorable-man-must-hold-the-christian-sect/) [Voltaire](https://sms4smile.com/quotes/author/voltaire/) > [You can drive yourself crazy trying to peer into a person's soul--or you can do the sensible thing: ask not what inner motives drive…](https://sms4smile.com/quotes/paul-begala/you-can-drive-yourself-crazy-trying-to-peer-into-a-person-s-soul-or/) [Paul Begala](https://sms4smile.com/quotes/author/paul-begala/) > [It had never occurred to Giles that there was something perfectly sensible about wanting to hold onto innocence. He had always gone in for…](https://sms4smile.com/quotes/anonymous/it-had-never-occurred-to-giles-that-there-was-something-perfectly/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The sensible person is always serious about sensible advice.](https://sms4smile.com/quotes/mak-786/the-sensible-person-is-always-serious-about-sensible-advice/) Mak\_786 > [the appetite for thinking must be regulated, as all sensible people know, for it may stifle one's life.](https://sms4smile.com/quotes/susan-sontag/the-appetite-for-thinking-must-be-regulated-as-all-sensible-people/) [Susan Sontag](https://sms4smile.com/quotes/author/susan-sontag/) ## More by Wilbur Ross > [The E.U., China, and Japan all talk free trade, and they all practice protectionism.](https://sms4smile.com/quotes/wilbur-ross/the-e-u-china-and-japan-all-talk-free-trade-and-they-all-practice/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.](https://sms4smile.com/quotes/wilbur-ross/we-re-in-a-trade-war-we-ve-been-in-a-trade-war-for-decades-that-s-why/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going…](https://sms4smile.com/quotes/wilbur-ross/everybody-talks-about-tariffs-as-the-first-thing-tariffs-are-the-last/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs,…](https://sms4smile.com/quotes/wilbur-ross/we-ll-be-aggressive-on-trade-because-we-know-that-deals-that-have/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [If people know you have the big bazooka, you probably don't have to use it.](https://sms4smile.com/quotes/wilbur-ross/if-people-know-you-have-the-big-bazooka-you-probably-don-t-have-to/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and…](https://sms4smile.com/quotes/wilbur-ross/the-united-states-is-the-least-protectionist-country-in-the-world-but/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.](https://sms4smile.com/quotes/wilbur-ross/banking-i-would-argue-is-the-most-heavily-regulated-industry-in-the/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I…](https://sms4smile.com/quotes/wilbur-ross/barring-some-national-security-concern-i-see-no-valid-reason-to-keep/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [China is the most protectionist country of the very large countries. 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We've used it a lot in private sector, and as far as we can tell, it is…](https://sms4smile.com/quotes/wilbur-ross/i-m-a-very-big-proponent-of-cloud-we-ve-used-it-a-lot-in-private/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think…](https://sms4smile.com/quotes/wilbur-ross/i-think-partly-the-decline-in-the-peso-was-due-to-worry-about/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.](https://sms4smile.com/quotes/wilbur-ross/washington-d-c-is-the-new-wall-street-no-significant-financial/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) [Explore all 73 Wilbur Ross quotes ](https://sms4smile.com/quotes/author/wilbur-ross/) ## More Dumb quotes > [I feel like I'm the best, but you're not going to get me to say that.](https://sms4smile.com/quotes/jerry-rice/i-feel-like-i-m-the-best-but-you-re-not-going-to-get-me-to-say-that/) [Jerry Rice](https://sms4smile.com/quotes/author/jerry-rice/) > [But, outside of being a sweet little girl, she was awfully dumb and capable of doing horrible things.](https://sms4smile.com/quotes/jack-kerouac/but-outside-of-being-a-sweet-little-girl-she-was-awfully-dumb-and/) [Jack Kerouac](https://sms4smile.com/quotes/author/jack-kerouac/) > [“I hate the way you talk to me And the way you cut your hair I hate the way you drive my car I…](https://sms4smile.com/quotes/david-levithan/i-hate-the-way-you-talk-to-me-and-the-way-you-cut-your-hair-i-hate/) [David Levithan](https://sms4smile.com/quotes/author/david-levithan/) > [“War is not nice.”](https://sms4smile.com/quotes/barbara-bush/war-is-not-nice/) [Barbara Bush](https://sms4smile.com/quotes/author/barbara-bush/) > [I love comedy. 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In a way, 'Swingers' was the thing I…](https://sms4smile.com/quotes/doug-liman/i-always-wanted-to-make-big-action-movies-as-a-kid-and-that-was-my/) [Doug Liman](https://sms4smile.com/quotes/author/doug-liman/) > [Me seeing how thick my callous is on my hand](https://sms4smile.com/quotes/michael-country/me-seeing-how-thick-my-callous-is-on-my-hand/) [Michael Country](https://sms4smile.com/quotes/author/michael-country/) > [It is unfortunate to consider all lawyers as natural Satanists many are just dumb.](https://sms4smile.com/quotes/abraham-maslow/it-is-unfortunate-to-consider-all-lawyers-as-natural-satanists-many/) [Abraham Maslow](https://sms4smile.com/quotes/author/abraham-maslow/) > [I hate it when people come up to me on trains and ask 'Are you Soulja Boy?' If people want pictures or autographs, that's…](https://sms4smile.com/quotes/soulja-boy/i-hate-it-when-people-come-up-to-me-on-trains-and-ask-are-you-soulja/) [Soulja Boy](https://sms4smile.com/quotes/author/soulja-boy/) > [I just don't like that you can either be ugly and smart or pretty and dumb, or ugly and nice or pretty and mean.](https://sms4smile.com/quotes/anonymous/i-just-don-t-like-that-you-can-either-be-ugly-and-smart-or-pretty-and/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I turned back to the mirror, seeing that there were no lines on it. It was empty. "What happened to my mirror?" I said,…](https://sms4smile.com/quotes/kim-harrison/i-turned-back-to-the-mirror-seeing-that-there-were-no-lines-on-it-it/) [Kim Harrison](https://sms4smile.com/quotes/author/kim-harrison/) > [I'm pretty cautious and not very athletic, so I've only had really dumb injuries, like sprained ankles and allergic reactions. 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Bush](https://sms4smile.com/quotes/author/george-w-bush/) Browse all 2,053 Dumb quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There's trade, there's sensible trade, and there's dumb trade.", "creator": { "@type": "Person", "name": "Wilbur Ross" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/", "about": { "@type": "Thing", "name": "Dumb" }, "@id": "https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg", "contentUrl": "https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg", "url": "https://sms4smile.com/quotes/i/731/wilbur-ross-9357_dumb_there-s-trade-there-s-sensible-trade-and_109448.jpg", "width": 1080, "height": 1080, "caption": "“There's trade, there's sensible trade, and there's dumb trade.” — Wilbur Ross", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Wilbur Ross", "item": "https://sms4smile.com/quotes/author/wilbur-ross/" }, { "@type": "ListItem", "position": 4, "name": "There's trade, there's sensible trade, and...", "item": "https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/" } ], "@id": "https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```