Accumulated Depreciation

Famous quotes containing the words accumulated and/or depreciation:

“Cultivated labor drives out brute labor. An infinite number of shrewd men, in infinite years, have arrived at certain best and shortest ways of doing, and this accumulated skill in arts, cultures, harvestings, curings, manufactures, navigations, exchanges, constitutes the worth of our world to-day.”
—Ralph Waldo Emerson (1803–1882)

“The idea that information can be stored in a changing world without an overwhelming depreciation of its value is false. It is scarcely less false than the more plausible claim that after a war we may take our existing weapons, fill their barrels with cylinder oil, and coat their outsides with sprayed rubber film, and let them statically await the next emergency.”
—Norbert Wiener (1894–1964)