Duff McDonald Quotes
When you're in a commodity business, the only way to thrive is to be a low-cost producer. And when you're selling money, you're in a commodity business.
![Duff McDonald Quotes: "The goal [is] not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom."](https://www.quoteslyfe.com/images/collection3/quotations534/The-goal-is-not-only-to-earn-534620.jpg)
The goal [is] not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom.