Billy Rose: Cost of Maintenance
on Sunday, February 6, 2011Billy Rose Money Quotation saying Ongoing expenses and upkeep can severely depress the value of both machinery and people if they wear out or break down. Billy Rose said:
“Never invest your money in anything that eats or needs repairing” — Billy Rose
Billy Rose seems to be offering a cautious piece of financial advice. The quote suggests investors should avoid putting money into things that require ongoing upkeep or consume resources over time.
Businesses or assets that “eat” through materials or operational costs on a recurring basis, or that “need repairing” and involve maintenance expenses down the road, may not be the most prudent places to allocate funds according to Rose.
His message implies such investments could continuously drain money without guarantee of returns. Instead, Rose appears to recommend focusing capital in areas where it can generate profit without demanding feeding or fixing.
In essence, the advice is to steer clear of opportunities that swallow investment on an ongoing rather than one-time basis.
Birthday: September 6, 1899 – Death: February 10, 1966