You might recognize the quote: “A great business at a fair price is superior to a fair business at a great price.” This quote marks a pivot point where Charlie Munger convinced Warren Buffett to evolve from his cigar butt philosophy to a more modern, quality-focused approach to value investing.
Finding and recognizing deep value …
You might recognize the quote: “A great business at a fair price is superior to a fair business at a great price.” This quote marks a pivot point where Charlie Munger convinced Warren Buffett to evolve from his cigar butt philosophy to a more modern, quality-focused approach to value investing.