Warren Buffett: Price Pay Value
on Saturday, January 16, 2021Warren Buffett Money Quote saying there’s a big difference between what something costs and what it is worth. Warren Buffett said:
“Price is what you pay. Value is what you get” — Warren Buffett
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Warren Buffett is making a distinction between price and value with this quote. The “price” refers to the actual amount of money paid for something, while the “value” refers to what is received or gained in return for that price. Buffett is suggesting that the true worth or value of something may not always correspond directly to its price.
Something could be overpriced, where the value received is actually less than the price paid. Or something could be underpriced, where the value is greater than the listed price. The quote encourages investors to look beyond price and consider the intrinsic value or benefits that will be derived, in order to determine the real value of an investment.