Letters by Topic

Letters on Quality at a Reasonable Price

Buying a superior business at a sensible valuation — the synthesis of quality and margin of safety.

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1989·The shift from cigar-butt cheapness to quality at a reasonable price (1989 letter)

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

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Quality at a Reasonable Price is one of the ideas behind the ValueOS tools. See it applied to real companies.

📖 Concept🎯 ValueOS Score