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— Warren Buffett"Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price."
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I've been looking at used car bargains. I'll frankly confess I'm scared to death of Fords. I've seen and heard of so many turning turtle.
— Bess Truman
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A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth.
— Charlie Munger
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