BusinessQuotes

Edward Chancellor

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  • At times, the transfer of risk in the stock market goes beyond the inevitable risks of business and becomes an end in itself. Under such circumstances, speculation becomes purely lucid, a national sport played with the ferocity of war and offering the rewards of a lottery.

  • — Edward Chancellor
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Quotes

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Today, the luxury brand handbag is a study in globalization: hardware, like locks, come from Italy and China (primarily Guangzhou); the zipper comes from Japan; the lining comes from Korea; the embroidery is done in Italy, India or northern China; the leather is from Korea or Italy; and the bag is assembled partly in China and partly in Italy. The sourcing is sometimes as questionable as the true provenance of the bag; one manufacture told me that one supplier claims his silk is British when it fact he buys it in China, stores it in the United Kingdom, and then sells it at European prices.

—Globalization of manufacturing
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