A Quote by Warren Buffett
[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).
Related Quotes
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 labelled speculation
All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
The only intelligence investing is value investing...to acquire more than one is paying for.
The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most effective ways of achieving good long term results.
A.P., like the rest of India, has huge potential to move up the value chain by investing in small and medium enterprises to create more value addition and better paid jobs.
Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.
Value investing doesn't always work. The market doesn't always agree with you. Over time, value is roughly the way the market prices stocks, but over the short term, which sometimes can be as long as two or three years, there are periods when it doesn't work. And that is a very good thing. The fact that our value approach doesn't work over periods of time is precisely the reason why it continues to work over the long term.
The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for dollar bills that you can buy for 50 cents or at some big discount - that is universal to value investing.
The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.
Surely there comes a time when counting the cost and paying the price aren't things to think about any more. All that matters is value - the ultimate value of what one does.
There's something that intervenes and is very important which has to do with value. Value in the true biological sense, which is that contrary to what many people seem to think, taking it at face value - sorry for the pun - we do not give the same amount of emotional significance to every event.
Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process.
What's in my mind is that I'm investing in people. It might be through a building or a program, but I'm investing in people. And the people that I'm investing in are underprivileged or hold a core value that I believe in.
It seems important that the social value factor be more generally recognized as a powerful causal agent in its own right and something to be dealt with directly as such. No more critical task can be projected for the 1970s than that of seeking for civilized society a new, elevated set of value guidelines more suited to man's expanded numbers and new powers over nature, a frame of reference for value priorities that will act to secure and conserve our world instead of destroying it.
I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline
If you want to make short-term profits from the stock price, then I am a very bad president. But I don't think I'm so bad for maximizing the long-term value of Nintendo.
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