Price is what you pay.


Value is what you get.
If I sold you a pen for $5,000 that just writes like a normal pen you would say no.
But people do this with stocks every day.
They see a great company.
They buy it no matter what the price is.
Then wonder why it drops 40% after they buy.
A great company at a terrible price is a bad investment.
A great company at a fair price is a good investment.
A great company at a cheap price is where real money is made.
That is why I check intrinsic value before every single trade.
Not because the company is bad.
Because even great things can be overpriced.
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