Warren Buffett’s Quote Explains Why Quality Beats Cheap Prices

Warren Buffett is a famous investor who leads Berkshire Hathaway.

He says it is better to buy a great company at a reasonable price than a weak company at a very cheap price.

A great company may keep growing for many years.

A weak company may look like a bargain but may not create much value.

Buffett once often bought struggling companies because they were inexpensive.

He later decided that owning excellent businesses was usually better for long-term results.

This idea is called buying quality at a fair price.

Buffett also believes that people with great wealth should give back to society.