"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
- Warren Buffett
About this Quote
This quote by Warren Buffett is a tip to financiers to concentrate on the quality of the company they are purchasing, instead of the rate. He is suggesting that it is better to invest in a company that has a strong performance history of success and a good credibility, even if it is a bit more expensive, than to invest in a business that is less expensive but has a less trustworthy history. Buffett is emphasizing the significance of doing research and making certain that the business you are purchasing is a great one. He is also recommending that it is much better to pay a fair price for a fantastic company than to pay a fantastic price for a fair company. Eventually, Buffett is encouraging financiers to be wise and to make sure they are purchasing the ideal business.
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"Nobody's irreplaceable, including me. I think for too long we've had a cult of personality in this company and in this industry, and frankly, I'd like to see that diminish"
