It is not necessarily true that expensive experiments are not worthwhile doing but there are plenty of rather cheap experiments which are certainly worth doing.
Products made in China are cheap through the exploitation of the workforce. Every time we shop, we are driving the nail further into the coffin of American manufacturing jobs.
A lot of chefs don't have a natural sense of economy. I was with one guy the other day, and I had to show him how to peel a turnip, because the way he was peeling turnips, he was throwing half of it in the garbage. It's not about being cheap. It's about being proper.
There can be very cheap players that play very well, and maybe, expensive players, they don't do so well.
You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.
So much of today's food is based on the exploitation of animals and the environment. Yes, it's cheap, but at what cost?
Let's not kid ourselves about just how cheap offshore labor really is. We not only pay substantially less per hour: we also avoid the costs we would incur if these workers immigrated here. We don't pay for their medical expenses when they show up in the emergency room without insurance.
When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.
It had been my idea that a combination of purebred cattle and horses could be successful from an economic standpoint - in Maryland. Maryland is not a cattle state. To raise beef cattle successfully, you've got to be able to raise cheap feed.
Talk is cheap, but when you go out there and prove it - you're the first one to show up for practice, and you're the last to leave - that's how you lead by example.