Wall Street & Finance✓ Verified source
“Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
— Warren Buffett
Investor, Berkshire Hathaway
Letters to Shareholders (1957 - 2012), 2008 Chairman's Letter
About this quote
- Attributed to
- Warren Buffett
- Source
- Letters to Shareholders (1957 - 2012), 2008 Chairman's Letter
- Attribution status
- ✓ Verified source
- Verification
- Primary reference
Photo: Thomas Wolf, www.foto-tw.de · CC BY-SA 3.0 · source · Portrait: Mark Hirschey (CC BY-SA 2.0)
Reflect
What would patience look like in your portfolio this month?
The Sage Challenge
Review one recurring expense and decide to keep, cut or renegotiate it.
Join to journal, save & shareCreate a share imageWatch & listen
Best Advice: Warren Buffett and Charlie Munger | Fortune
Fortune Magazine·Wall Street
Featured in one of the Sage books
Warren's Wisdom - Warren Buffett
InvestigativInvestor·Wall Street
Featured in one of the Sage books
Warren Buffett, Chairman, Berkshire Hathaway Investment Group | Terry Leadership Speaker Series
Terry College of Business at the University of Georgia·Wall Street
Featured in one of the Sage books
More from Warren Buffett & related wisdom
Wall Street✓ Verified source
“Investment is most intelligent when it is most businesslike.

— Benjamin Graham
The Intelligent Investor (1973) (Fourth Revised Edition), Chapter 20, "Margin of Safety": The Central Concept, p. 286
Wall Street✓ Verified source
“Those who spend too much will eventually be owned by those who are thrifty.
— John Templeton
The Quotable Sir John
Wall Street✓ Verified source
“The courage to press on regardless—regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us—is the quintessential attribute of the successful investor.

— John C. Bogle
Speech at the Trinity University Policymaker Breakfast Series, April 16, 2001 ()
Wall Street✓ Verified source
“You are neither right nor wrong because people agree with you.

— Benjamin Graham
As quoted by Warren Buffett, in an interview in Forbes magazine (1 November 1974)