#1 Once you have their money... never give it back.
#3 Never pay more for an acquisition than you have to.
#6 Never allow family to stand in the way of opportunity.
#7 Keep your ears open.
#8 Small print leads to large risk.
#9 Opportunity plus instinct equals profit.
#10 Greed is eternal.
#13 Anything worth doing is worth doing for money.
#16 A deal is a deal... until a better one comes along.
#18 A Ferengi without profit is no Ferengi at all.
#19 Satisfaction is not guaranteed.
#21 Never place friendship above profit.
#22 A wise man can hear profit in the wind.
#27 There's nothing more dangerous than an honest business man.
#31 Never make fun of a Ferengi's mother... insult something he cares about instead.
#33 It never hurts to suck up to the boss.
#34 Peace is good for business.
#35 War is good for business.
#40 She can touch your lobes but never your latinum.
#41 Profit is it's own more...
Math 101Last week I purchased a burger at Burger King for $1.58. The counter girl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried.Why do I tell you this? Because of the evolution in teaching math since the 1950s:
Teaching Math In 1950A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?
Teaching Math In 1960A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?
Teaching Math In 1970A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?
Teaching Math In 1980A logger sells a more...
A logger sells a truckload of lumber for $100. His cost of production is four-fifths of the price. What is his profit? 1960: A logger sells a truckload of lumber for $100. His cost of production is four-fifths of the price, or $80. What is his profit? 1970 (new maths): A logger exchanges a set L of lumber for a set M of money. The cardinality of set M is 100, and each element is worth $1.00. Make 100 dots representing the elements of the set M. The set C of the costs of production contains 20 fewer points than set M. Represent the set C as a subset of M, and answer the following question: What is the cardinality of the set P of profits? 1980: A logger sells a truckload of lumber for $100. His cost of production is $80, and his profit is $20. Your assignment: underline the number 20. 1990: (outcome-based education): By cutting down beautiful forest trees, a logger makes $20. What do you think of this way of making a living? (Topic for class participation: How did the forest more...
1960's arithmetic test:
A logger cuts and sells a truckload of lumber for $100. His cost of production is four fifths of that amount. What is his profit?
1970's new-math test:
A logger exchanges a set (L) of lumber for a set (M) of money. The cardinality of set M is 100. The set C of production costs contains 20 fewer points. What is the cardinality of set P of profits?
1980's "dumbed down" version:
A logger cuts and sells a truckload of lumber for $100. His cost is $80, his profit is $20. Find and circle the number 20.
An unenlightened logger cuts down a beautiful stand of 100 trees in order to make a $20 profit. Write an essay explaining how you feel about this as a way to make money. Topic for discussion: How did the forest birds and squirrels feel?
A man was speaking with his minister. "Is it proper for a man to profit from the mistakes of another?" the parishioner asked.
"Most definitely not!" replied the minister.
"Are you absolutely certain?" the man asked.
"Yes, my son, I am. Absolutely and without a doubt," the minister said.
"In that case," said the man, "would you mind returning the $50 I gave you after my wedding."