What’s Worse? Paying Too Much or Too Little?
As English author and art critic, John Ruskin, said so eloquently,
“It’s unwise to pay too much, but it’s worse to pay too little…”
Ruskin went on to say, “When you pay too much, you lose a little money, that’s all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do.
The common law of business balance prohibits paying a little and getting a lot—it can’t be done.” (Or as I recall my father stating, on more than one occasion, and as a matter of fact, “You get what you pay for in this world…” Simple, sage advice–the absolute very best kind!) Ruskin continued and summarized, “If you deal with the lowest bidder, it is well to add something for the risk you run and if you do that you will have enough to pay for something better.”
And finally, along that same line of thought, Ruskin was quoted as saying, “It is not how much one makes but to what purpose one spends.”