Quote by WARREN BUFFETT - Deepstash
WARREN BUFFETT

“Price and value aren’t the same: Don’t pay too much”

WARREN BUFFETT

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noviceinvestor

Income. Save. Invest. Spend 💡~ Making Careers & Investing Simpler

Take note of these great quotes by Warren Buffett on Investing!

The idea is part of this collection:

No More Broke

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Identifying and eliminating unnecessary expenses

How to negotiate better deals

Understanding the importance of saving

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2. Value Determines Price And Costs Are A Choice

With value being in the eyes (and experience) of the consumer, the price they are asked to pay must be (much) lower. The entrepreneur’s job is to figure out at what price their product is attractive, and then choose a cost structure that allows for profit. In other words, the price is a

Price is what you pay. Value is what you get.

WARREN BUFFETT

High Value at a Low Price

High Value at a Low Price

  • Price = what you pay.
  • Value = what you get.

You lose money when the price you pay does not match the value you're getting. For example, when you're paying high interest on credit card debt or spending on stuff you hardly use.

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