Quote by Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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Summary
This quote, often attributed to renowned investor Warren Buffett, highlights the importance of focusing on the quality of a company rather than solely its price when making investment decisions. It suggests that investing in a high-quality company with strong fundamentals and growth potential, even if it involves paying a fair price, is more advantageous in the long run compared to investing in a mediocre company just because it has a low price. It emphasizes the idea that the value and potential of a business are more important factors to consider than simply finding a cheap deal.