A Quote by Antonio Machado
Only a fool thinks price and value are the same.
Related Quotes
Perhaps there is a reason that there is no fool piece on the chessboard. What action, a fool? What strategy, a fool? What use, a fool? Ah, but a fool resides in a deck of cards, a joker, sometimes two. Of no worth, of course. No real purpose. The appearance of a trump, but none of the power: Simply an instrument of chance. Only a dealer may give value to the joker.
We know the power of the U.S.. We do not fool ourselves about this power. We say that the U.S. government wants us to pay a very high price for this unstable peace we enjoy today. And the price we are in a position to pay is only - comes only to the frontiers of dignity, not beyond.
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.
If the only tool we use to analyse what's valuable is a price tag, then those things that don't have price tags begin to look like they have no value.
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.
Nothing of value is free. Even the breath of life is purchased at birth only through gasping effort and pain... The best things in life are beyond money; their price is agony and sweat and devotion... and the price demanded for the most precious of all things in life is life itself--ultimate cost for perfect value
The fool who thinks he is wise is just a fool. The fool who knows he is a fool is wise indeed.
When a woman thinks her husband is a fool, her marriage is over. They may part in one year or ten; they may live together until death. But if she thinks he is a fool, she will not love him again.
The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount.
A knave thinks himself a fool, all the time he is not making a fool of some other person.
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.
There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.
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.
All individuals have the same value, not to be determined by market price. They're made in the image and likeness of God.
Only a fool thinks his enemies stand still when he isn't looking, my Lord Dragon.
In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.
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