“[Operating expense is defined as] all the money the system spends in turning inventory into throughput.”

— Eliyahu M. Goldratt

Source: The Haystack Syndrome (1990), p. 29; as cited by: Gerald P. Marquis (2011, p. 10)

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Eliyahu M. Goldratt 10

Israeli physicist and management guru 1947–2011

Eliyahu M. Goldratt (1947–2011) Israeli physicist and management guru

Source: The goal: a process of ongoing improvement (1984), p. 60

“[Throughput is the] rate at which the system generates money through sales.”

Eliyahu M. Goldratt (1947–2011) Israeli physicist and management guru

Source: The Haystack Syndrome (1990), p. 19; as cited by: Gerald P. Marquis (2011) A Framework for Propagating Measures of Performance Throughout Organizations Using Object-oriented Technology., p. 10

“[Inventory is measured by] the money the system invests in purchasing things the system intends to sell.”

Eliyahu M. Goldratt (1947–2011) Israeli physicist and management guru

Source: The Haystack Syndrome (1990), p. 23; as cited by: Gerald P. Marquis (2011, p. 10)

“But as they all say if we sell our home what will we have for it, money, and what is the use of that money, money goes and after it is gone then where are we, beside we have all we want, what can we do with money except lose it, money to spend is not very welcome, if you have it and you try to spend it, well spending money is an anxiety, saving money is a comfort and a pleasure, economy is not a duty it is a comfort, avarice is an excitement, but spending money is nothing, money spent is money non-existent, money saved is money realised…”

Gertrude Stein book Paris France

Source: Paris France (1940), p. 103

“Spend your money on the things money can buy. Spend your time on the things money can’t buy.”

Haruki Murakami book The Wind-Up Bird Chronicle

Source: The Wind-Up Bird Chronicle

“Their whole life depends on spending money, and now they’ve
got none to spend. That’s our civilization and our education: bring up
the masses to depend entirely on spending money, and then the money
gives out.”

D.H. Lawrence book Lady Chatterley's Lover

Source: Lady Chatterley's Lover

“A lack of desire to spend money becomes a symptom of disease that requires expensive medication. Which medication then destroys the libido, in other words destroys the appetite for the one pleasure in life that's free, which means the person has to spend even more money on compensatory pleasures. The very definition of mental 'health' is the ability to participate in the consumer economy. When you buy into therapy, you're buying into buying.”

Jonathan Franzen book The Corrections

The Corrections (2001)

“We spend the vast bulk of money in the health, welfare, and education systems in the later years of life. Yet it is in the earliest years that life chances are moulded and set.”

Bob Rae (1948) Canadian politician

Source: The Three Questions - Prosperity and the Public Good (1998), Chapter Six, The Second Question: Health, Education, and the Democratic Economy, p. 124

“If I had all the money I've spent on drink — I'd spend it on drink.”

Vivian Stanshall (1943–1995) English musician, artist and author

Sir Henry at Rawlinson End (1978)

“A stock operator has to fight a lot of expensive enemies within himself.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter II, p. 14

“[Operating expense is defined as] all the money the system spends in turning inventory into throughput.”

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