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The most common cause of low prices is pessimism—some times...

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    The most common cause of low prices is pessimism—some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer

    Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well

    It’s FAR better to buy a wonderful company at a fair price than a fair company at a wonderful price

    Price is what you pay; value is what you get
 
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