Cheap Quote by Robert D. Arnott
“Whatever is cheap became cheap by treating us badly in the past, but is priced to deliver superior returns.”
About This Quote
Source Interview: Bloomberg Markets, Robert D. Arnott, 2022
Cheap assets often become undervalued due to past mistreatment, yet they can yield high returns when properly priced.
In simple terms: Cheap assets can be profitable now.
Seek undervalued opportunities.
Themes
Mood
Type
When to use this quote
- stock selection
- real estate
- private equity
- commodity markets
Key Concepts
Questions to Reflect On
- What criteria do you use to assess hidden risks?
- How do you balance price with quality?
Cheap assets may carry hidden risks or structural issues.