DAILY WALL STREET WISDOM · #006
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“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
🇺🇸Warren Buffett
CEO, Berkshire Hathaway
WHAT IT MEANS
Quality matters more than bargain-hunting. A great business will compound value over time even if you pay a reasonable price, whereas a mediocre business bought cheaply may never generate meaningful returns.
fundamentals