George Humphrey: Billion’s Worth
on Friday, December 21, 2012George Humphrey Money Quote saying spending vast sums of money makes it difficult to know it is all well spent. George Humphrey said:
“It’s a terribly hard job to spend a billion dollars and get your money’s worth” — George Humphrey
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In this quote, George Humphrey is commenting on the difficulty of effectively utilizing or getting full value from very large sums of money, such as a billion dollars. His point is that spending immense amounts of wealth in a truly worthwhile, impactful way that generates returns commensurate with the expenditure is an immense challenge that should not be underestimated.
Humphrey implies that while a billion dollars sounds like an unfathomably huge amount of money, thoughtfully and prudently directing those resources productively to maximize benefits is no simple task. The quote conveys that there is an art to spending vast fortunes in a way that truly delivers on their potential to drive meaningful change or yield returns, rather than waste opportunities through misallocation or inefficiency.
Overall, Humphrey acknowledges how difficult it is to optimally leverage immense financial resources despite their size.