--- title: "Meaning & Key Takeaway of: Consciously paying more for a stock than…" description: "\"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 labelled spec..." image: "https://sms4smile.com/quotes/i/c0f/warren-buffett-183_customer_consciously-paying-more-for-a-stock-than_1286383.png" --- # Consciously paying more for a stock than its calculated… ![“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 labelled speculation” quote by Warren Buffett](https://sms4smile.com/quotes/i/c0f/warren-buffett-183_customer_consciously-paying-more-for-a-stock-than_1286383.png) [Download](https://sms4smile.com/quotes/i/c0f/warren-buffett-183_customer_consciously-paying-more-for-a-stock-than_1286383.png) [Open image](https://sms4smile.com/quotes/i/c0f/warren-buffett-183_customer_consciously-paying-more-for-a-stock-than_1286383.png) > “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 labelled speculation” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investing beyond intrinsic value hoping for quick resale is speculative, not value investing. **In simple terms:** Buying overpriced stocks to sell higher is speculation. Key Takeaway Avoid speculation; focus on intrinsic value. Themes investment speculation value risk patience Mood cautious analytical Type financial advisory When to use this quote - stock selection - portfolio management - risk assessment Key Concepts Intrinsic value market expectations behavioral finance Questions to Reflect On - Do you assess intrinsic value before buying? - How do you handle market hype? A Different Perspective Speculation can lead to losses if market turns. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Higher](https://sms4smile.com/quotes/about/higher/) [Higher Price](https://sms4smile.com/quotes/about/higher-price-1045090/) [Hope](https://sms4smile.com/quotes/about/hope/) [Investing](https://sms4smile.com/quotes/about/investing/) [Labelled Speculation](https://sms4smile.com/quotes/about/labelled-speculation-4175091/) [Paying Stock](https://sms4smile.com/quotes/about/paying-stock-4175092/) [Should](https://sms4smile.com/quotes/about/should/) [Speculation](https://sms4smile.com/quotes/about/speculation/) [Stills](https://sms4smile.com/quotes/about/stills/) [Stock Calculated](https://sms4smile.com/quotes/about/stock-calculated-4175093/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [The price of doing the same old thing is far higher than the price of change.](https://sms4smile.com/quotes/william-j-clinton/the-price-of-doing-the-same-old-thing-is-far-higher-than-the-price-of/) [William J. 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