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Computing is a good historical example where lower costs actually caused the overall market to grow.
Bill Gates The Year Ahead 2026: Optimism with footnotes · 2026

Markets Quotations

“Computing is a good historical example where lower costs actually caused the overall market to grow.”

Bill Gates · The Year Ahead 2026: Optimism with footnotes, 2026 · Primary source

“I find it quite useful to think of a free market economy—partly free market economy—as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.”

Charlie Munger · Poor Charlie’s Almanack, 2005 · Primary source

“The only safe rule is found in the self-adjusting meter of demand and supply.”

Ralph Waldo Emerson · Wealth, 1860 · Primary source

“Patience in a market, is worth pounds in a year.”

Benjamin Franklin · Poor Richard’s Almanack, 1732-1758 · Primary source

“The bitterness of poor quality remains long after the sweetness of low price is forgotten.”

Benjamin Franklin · No reliable source

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Markets

4 authors · 4 works · 10 themes · 26 tags
Authors
Benjamin Franklin American statesmanBill Gates American Entrepreneur and PhilanthropistRalph Waldo Emerson American essayist and philosopher
Works
Poor Richard’s Almanack Benjamin Franklin · 1732-1758Poor Charlie’s Almanack Charlie Munger (compiled by Peter D. Kaufman) · 2005Wealth Ralph Waldo Emerson · 1860
Themes
Lower costs can expand demandTechnology can create larger marketsSpecialisation within markets
Tags
Falling costsDemand elasticityMarket expansionComputing
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