underestimate

(redirected from underestimates)
Also found in: Dictionary, Thesaurus, Legal.

no one ever went broke underestimating the intelligence of...

The full saying is "No one ever went broke underestimating the intelligence of the American people/public," or some variation thereof, meaning that people being swindled won't realize or question it, which makes them a prime source of income for others. It is typically attributed to writer H.L. Mencken. A: "We can't sell this shoddy product to people!" B: "Oh please, no one ever went broke underestimating the intelligence of the American people."
See also: broke, ever, no, one, underestimate

no one ever went broke underestimating the taste of...

The full saying is "No one ever went broke underestimating the taste of the American public," or some variation thereof, meaning that people will gladly accept something lowbrow or inferior, which makes them a prime source of income for others. It is typically attributed to writer H.L. Mencken. A: "We can't pitch this script to the studio—it's truly awful!" B: "Oh please, no one ever went broke underestimating the taste of the American public!"
References in periodicals archive ?
SPIRE HIGH: Sixth-year pupils underestimate study costs
We must not similarly underestimate ourselves, but rather extend our entrepreneurial reach throughout a world of economic opportunity.
Even if he underestimates annual income by as much as $100,000, the federal tax on $100,000 would be $31,000 and the underestimated penalty on that amount, at the current rate of 9% and assuming income is earned evenly throughout the year, would be no more than approximately $1,500.
Consider the following: Bottle Total = 100% less: Flash (Tail & Moil) = 40% Outer Virgin Layer = 15% Inner Virgin Layer = 10% leaves: Fresh PCR Required = 35% That calculation underestimates the true PCR content because it disregards the substantial amount of PCR in the 40% of flash from previous cycles.
Taking an overly simplistic view of a container's PCR content can cause processors either to underestimate or overestimate its true PCR content.
There are probably several reasons for these underestimates, Dr.
He said: "It is a really major disadvantage that an old Commissioner from the old Commission should take on this task because he underestimates the situation.
A negative difference score indicates a student underestimate relative to the instructor's perception.