Quote #19
'Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.'- 1974 Letter to Shareholders
More from Warren Buffett
- 'We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports. Clearly our kisses fell …
- 'Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an ou…
- 'Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popul…
- 'If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price…
- 'For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that y…
- 'Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that …
- 'Price is what you pay. Value is what you get.'
- On acquiring bad companies for cheap prices: 'In my early days as a manager I, too, dated a few toads. They were cheap dates - I've never b…