Zero Based Budgeting

“It's time for California to go through an exercise of zero-based budgeting and say, what are the outcomes we need, and are we actually spending dollars to achieve those outcomes, or are we just funding a sprawling, bloated bureaucracy”

“I wouldn't recommend one of your listeners buy a lousy business with a big zero-based budgeting overhead opportunity, because you're just going to have a slightly more profitable lousy business.”