Greatness is not cheap

Tuesday, December 03, 2013 Francisco Carneiro 0 Comments

A great business at a fair price is superior to a fair business at a great price.

Charlie Munger

PS This is very true, it's easier to make money buying something expensive that turns even more expensive than to buy something cheap that recovers. Unfortunately Unique has a price. This is a general rule that has exceptions, but i believe is a good general rule.

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