Amount 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…” quote by Warren Buffett](https://sms4smile.com/quotes/img-quotes/62b/warren-buffett-183_amount_w-e-think-the-very-term-value-investing_1594487.jpg)
“[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).”
About This Quote
Source Letter to Shareholders, Berkshire Hathaway, 1999
Investing should aim to buy undervalued assets; paying above value is speculation, not true investing.
In simple terms: Buy low, avoid paying more than something’s worth.
Key Takeaway
Focus on value, avoid speculation.
Themes
investment
value
speculation
finance
Mood
pragmatic
cautious
Type
advisory
financial.
When to use this quote
- stock analysis
- portfolio building
- financial planning
Key Concepts
value investing
market efficiency
risk assessment
Questions to Reflect On
- What defines “value” for you?
- How do you guard against speculative bias?
A Different Perspective
Markets can stay irrational longer than expected, challenging value assessments.
