A Quote by Albert Einstein

If there is no price to be paid, it is also not of value.

Albert Einstein

Quote Topics

Also Paid Price Value

Quote Author

Albert Einstein
German - Physicist
March 14, 1879 - April 18, 1955

Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price."

Michael Mauboussin

[T]he price you've paid is not the price of becoming human. It's not even the price of having the things you just mentioned. It's the price of enacting a story that casts mankind as the enemy of the world.

Daniel Quinn

Truth can be costly, but in the end it never falls short of value for the price paid.

Ellis Peters

My dad used to tell me, 'Check the price, son.' Check the price, kids, check the price because there is a price to be paid for whatever you do in life, whether it is good or it is bad. Before you do something, ask yourself is it worth the price you have to pay?

Larry Holmes

[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).

Warren Buffett

Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.

Seth Klarman

We honor the old prophets, we honor the Tozers and Spurgeons but we don’t want to pay the price they paid, and they paid the price by being men who walked alone who lived with God and who loved His word.

Paul Washer

Everything has its price - and if that price is not paid, not that thing but something else is obtained... it is impossible to get anything without this price.

Ralph Waldo Emerson

Oh, my Lord! How true it is that whoever works for you is paid in troubles! And what a precious price to those who love you if we understand its value.

Teresa of Avila

All these retailers these days are under pressure. Why? It's because... for the last 30 years, value equaled price. But now, value equals price, convenience, and a little bit of brand.

Chieh Huang

The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.

Benjamin Graham

I think just about everybody ought to get a second chance and I'd like to see it worked out, because he (Pete Rose) brought a lot of joy to the game, and he gave a lot of joy to people, and he's paid a price - God knows, he's paid a price.

William J. Clinton

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

Warren Buffett

Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.

L. Neil Smith

To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still some higher price. The goal is to buy the first, avoid the second, and sell the third.

Seth Klarman

Understand there is a price to be paid for achieving anything of significance. You must be willing to pay the price.