Price is what you pay; value is what you get.
WB
Warren BuffettBerkshire Hathaway shareholder letter (2008)
About Warren Buffett
Chairman of Berkshire Hathaway and one of the most successful investors in history. (b. 1930)
More from Warren Buffett
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.Berkshire Hathaway shareholder letter (1986)
- You only find out who is swimming naked when the tide goes out.Berkshire Hathaway shareholder letter (2001)
- It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.Berkshire Hathaway shareholder letter (1989)
- Time is the friend of the wonderful business, the enemy of the mediocre.Berkshire Hathaway shareholder letter (1989)
- When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.Berkshire Hathaway shareholder letter (1988)
- Someone's sitting in the shade today because someone planted a tree a long time ago.Statement (1991), quoted in Of Permanent Value by Andrew Kilpatrick
More quotes on money and business
- Join the union, girls, and together say Equal Pay for Equal Work.Susan B. Anthony
- Money does not represent such a value as men have placed upon it.Nikola Tesla
- Who is wise? He that learns from every one. Who is powerful? He that governs his passions. Who is rich? He that is content.Benjamin Franklin
- Early to bed and early to rise, makes a man healthy, wealthy, and wise.Benjamin Franklin
- In this world nothing can be said to be certain, except death and taxes.Benjamin Franklin
- How many things I have no need of!Socrates
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