Quotes & Sayings About Value And Price

Lord Jesus, thank You that my identity and worth is firmly rooted in You. My job doesn't define me, my relationships don't define me, and my various roles don't define me. I praise You for declaring me holy and dearly loved. You paid the highest price for my soul. How I thank You that I have value and significance in You. I am Your masterpiece, and You have gifted me uniquely for the roles You desire for me to play in Your kingdom. Thank You that I don't need to compare my gifts to the gifts of others in order to feel special. In Your kingdom, I am a royal priest/priestess. I praise You that I am a coheir with Christ and have inherited every blessing through Him. (Col. 3:12; 1 Cor. 6:12; Eph. 2:10; Isa. 43:4; Rom. 8:17) — Becky Harling

A very good senior programmer (who might get paid $200,000) gets paid about the same as a great programmer, who delivers $5 million worth of value for the same price. That's enough of a difference to build an entire company's profit around. Do it with ten programmers and you're rich. — Seth Godin

Always remembering that we might be wrong, we must contemplate alternatives, concoct hedges, and search vigilantly for validation of our assessments. We always sell when a security's price begins to reflect full value, because we are never sure that our thesis will be precisely correct. — Seth Klarman

Surely there comes a time when counting the cost and paying the price aren't things to think about any more. All that matters is value - the ultimate value of what one does. — James Hilton

You see, Marcus, some things have value yet have no price, and a wise man learns them and their worth. So do not let the standard of the marketplace be your guide. A man goes there for flour and greens, but not for virtue. — Paul Waters

We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business: (1) favorable long-term economic characteristics; (2) competent and honest management; (3) purchase price attractive when measured against the yardstick of value to a private owner; and (4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge. — Warren Buffett

If you have hitherto believed that life was one of the highest value and now see yourselves disappointed, do you at once have to reduce it to the lowest possible price? — Friedrich Nietzsche

Nowadays people know the price of everything and the value of nothing." "I — Oscar Wilde

I would say television is a focus, and expanding our channel platform is a focus. As for buying libraries, when catalogs are going down in value, the answer is that it's all about price! — Jon Feltheimer

Failure gave me an inner security that I had never attained by passing examinations. Failure taught me things about myself that I could have learned no other way. I discovered that I had a strong will, and more discipline than I had suspected; I also found out that I had friends whose value was truly above the price of rubies. — J.K. Rowling

and others all agreed that Acts was pretty much an historical novel, much like the so-called Apocryphal Acts, and that it was written in the second century. There is virtually no historical value to it, but it is rich in edifying propaganda, its author having extensively rewritten sources that seem to include Homer, Virgil, Euripides, Josephus, and the Septuagint, creating a revisionist version of early Christianity in the golden age of its origin. — Robert M. Price

Luxury starts where functionality ends and where the true value is personal and so has no price or reason. — Marcel Wanders

At a time when all the other builders were selling homes with basements but without carports, we would sell homes without basements and with carports. This allowed us to provide a more appealing product at a lower price. In other words, we felt we would be giving customers greater value. — Eli Broad

I've learned, that not all worth is measured by price. I've found so many gems that didn't cost me much! — C. JoyBell C.

But suppose it past, - suppose one of these men, as I have seen them meagre with famine, sullen with despair, careless of a life which your lordships are perhaps about to value at something less than the price of a stocking-frame ; suppose this man surrounded by those children for whom he is unable to procure bread at the hazard of his existence, about to be torn for ever from a family which he lately supported in peaceful industry, and which it is not his fault than he can no longer so support; suppose this man - and there are ten thousand such from whom you may select your victims, - dragged into court to be tried for this new offence, by this new law, - still there are two things wanting to convict and condemn him, and these are, in my opinion, twelve butchers for a jury, and a Jefferies for a judge! — George Gordon Byron

To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still some higher price. The goal is to buy the first, avoid the second, and sell the third. — Seth Klarman

Price mostly meanders around recent price until a big shift in opinion occurs, causing price to jump up or down. This is crudely modeled by quants using something called a jump-diffusion process model. Again, what does this have to do with an asset's true intrinsic value? Not much. Fortunately, the value-focused investor doesn't have to worry about these statistical methods and jargon. Stochastic calculus, information theory, GARCH variants, statistics, or time-series analysis is interesting if you're into it, but for the value investor, it is mostly noise and not worth pursuing. The value investor needs to accept that often price can be wrong for long periods and occasionally offers interesting discounts to value. — Nick Gogerty

Shareholder value is the result of you doing a great job, watching your share price go up, your shareholders win, and dividends increasing. What happens when you have increasing shareholder value? You're delivering better employees to their communities and they can give back. Communities are winning because employees are involved in mentoring and all these other things. Customers are winning because you're providing them new products. — Jack Welch

First, as I've always said, it all starts with product, which means having the right assortment, styles, and fits. Second is price, where we strive to offer the best quality, style, and design at a fair value. This is critically important, given the highly promotional environment we are operating in. And third, traffic. — Mickey Drexler

The devil has convinced so many people that they are worthless. Each of us needs to stop and remember the cross-at the cross we will discover our true value-for it is here that we discover the price God was willing to pay for us, the depth of His love, and how much we are worth to Him. — Roy Lessin

Realize that you earn income by providing value - not time - so find a way to provide your best value to others, and charge a fair price for it. — Steve Pavlina

We don't always know the details of our future. We do not know what lies ahead. We live in a time of uncertainty. We are surrounded by challenges on all sides. Occasionally discouragement may sneak in to our day; frustration may invite itself into our thinking; doubt might enter about the value of our work. In these dark moments Satan whispers in our ears that we will never be able to succeed, that the price isn't work the effort, and that our small part will never make a difference. He, the father of all lies, will try to prevent us from seeing the end from the beginning. — Dieter F. Uchtdorf

In his 1865 lecture on "Value, Price and Profit," Marx illustrated luxury consumption as money "wasted on flunkeys, horses, cats and so forth." It is some measure of progress that the general population can now afford to keep cats. — Anonymous

Bring your kids along next time you go to the grocery store and ask them to help find the price per unit for the general grocery items. By comparing brands and looking for the best prices, kids will get in the habit of looking for deals and understand the value of the dollar. — Alexa Von Tobel

I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and by the various schemes for agricultural restriction. The latter, in particular, I should strongly support in principle. But too much emphasis on the remedial value of a higher price-level as an object in itself may lead to serious misapprehension as to the part which prices can play in the technique of recovery. The stimulation of output by increasing aggregate purchasing power is the right way to get prices up; and not the other way round. — John Maynard Keynes

With industrialization has come a general depreciation of work. As the price of work has gone up, the value of it has gone down, until it is so depressed that people simply do not want to do it anymore. We can say without exaggeration that the present national ambition of the United States is unemployment. People live for quitting time, for weekends, for vacations, and for retirement; moreover, this ambition seems to be classless, as true in the executive suites as on the assembly lines. One works not because the work is necessary, valuable, useful to a desirable end, or because one loves to do it, but only to be able to quit- a condition that a saner time would regard as infernal, a condemnation. This is explained, of course, by the dullness of the work, by the loss of responsibility for, or credit for, or knowledge of the thing made. What can be the status of the working small farmer in a nation whose motto is a sigh of relief: Thank God it's Friday? — Wendell Berry

The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world. — Garet Garrett

the political scientist James Payne suggests that ancient peoples put a low value on other people's lives because pain and death were so common in their own. This set a low threshold for any practice that had a chance of bringing them an advantage, even if the price was the lives of others. — Steven Pinker

By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money; and by 'the price of money' this actual quantity of other goods. — Ludwig Von Mises

When money rules, we remember the price of things and forget the value of things, and that is dangerous. — Jonathan Sacks

Fair Trade is a market-based, entrepreneurial response to business as usual: it helps third-word farmers developing direct market access as well as the organizational and management capacity to add value to their products and take them directly to the global market. Direct trade, a fair price, access to capital and local capacity-building, which are the core strategies of this model, have been successfully building farmers' incomes and self-reliance for more than 50 years. — Paul Rice

The key point is that, in principle, interest income is the change in price associated with the passage of time. Capital gains and losses are the changes in price related to changes in value - for bonds that means a change in the yield. We'll see in Chapter 4 when we get into bond taxation how well these economic principles hold up in practice. — Donald J. Smith

It made me think of the nice old Marimekko-clad ladies I sometimes went to see in the Ritz Tower: gravel-voiced, turban-wearing, panther-braceleted widows looking to move to Miami, their apartments filled with smoked-glass and chromed-steel furniture that, in the seventies, they'd purchased through their decorators for the price of a good Queen Anne
but (I was responsible for telling them, reluctantly) had not held its value and could not be re-sold at even half what they'd bought it for. — Donna Tartt

A greater awareness in architects and planners of their real value to society could, at the present, result in that rare occurrence, namely, the improvement of the quality of life as a result of architectural endeavour. — Cedric Price

The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price. — Warren Buffett

A thoughtful investment process contemplates both probability and payoffs and carefully considers where the consensus - as revealed by a price - may be wrong. Even though there are also some important features that make investing different than, say, a casino or the track, the basic idea is the same: you want the positive expected value on your side — Michael Mauboussin

In essence, then, the common picture of economic thought after Smith needs to be reversed. In the conventional view, Adam Smith, the towering founder, by his theoretical genius and by the sheer weight of his knowledge of institutional facts, single-handedly created the discipline of political economy as well as the public policy of the free market, and did so out of a jumble of mercantilist fallacies and earlier absurd scholastic notions of a 'just price'. The real story is almost the opposite. Before Smith, centuries of scholastic analysis had developed an excellent value theory and monetary theory, along with corresponding free market and hard-money conclusions. Originally embedded among the scholastics in a systematic framework of property rights and contract law based on natural law theory, economic theory — Anonymous

When you are older you will understand how precious little things, seemingly of no value in themselves, can be loved and prized above all price when they convey the love and thoughtfulness of a good heart. — Edwin Booth

O my brothers, I dedicate and direct you to a new nobility: you shall become procreators and cultivators and sowers of the future - verily, not to a nobility that you might buy like shopkeepers and with shopkeepers' gold: for whatever has its price has little value. Not whence you came shall henceforth constitute your honor, but whither you are going! Your will and your foot which has a will to go over and beyond yourselves - that shall constitute your new honor. — Friedrich Nietzsche

In all of these instances he appears to be concerned with the intrinsic value of the security and more particularly with the discovery of discrepancies between the intrinsic value and the market price. — Benjamin Graham

Money is very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota? Now, you would expect people to have an answer. But people were kind of shocked by the question. They never thought about it before. So, the most we got was people said, "Well, if I can't buy this Toyota, if I buy this Toyota, I can't buy a Honda." What is this thing? What is this value of price? Very hard to think about it. — Dan Ariely

Never exaggerate. It is a matter of great importance to forego superlatives, in part to avoid offending the truth, and in part to avoid cheapening your judgment. Exaggeration wastes distinction and testifies to the paucity of your understanding and taste. Praise excites anticipation and stimulates desire. Afterwards when value does not measure up to price, disappointment turns against the fraud and takes revenge by cheapening both the appraised and the appraise. For this reason let the prudent go slowly, and err in understatement rather than overstatement. The extraordinary of every kind is always rare, wherefore temper your estimate. — Baltasar Gracian

The distinction between "paid labor" and "housework" implied in working-class men's yearning for the domestic ideal persisted in later-nineteenth-century analyses of women's unpaid labor and was eventually replicated in Capital. Because wives' work was laregely unpaid, and because husbands came to the marketplace as the "possessors" of their wives' labor, Marx did not address the role of housework in the labor exchange that led to surplus value. Neither did he attend to the dynamics that permitted the husband to lay claim, in the price of his own labor, to the value of his wife's work. — Jeanne Boydston

Most would think that I'm a god with every reason to be happy. But I'm a mistake God made. Too much power doesn't create happiness. It steals it. To have it all means there's no struggle and without having to pay a price, nothing has value. I wasn't gifted with powers. I was cursed with them. — Sarah Noffke

Pay attention to when the cart is getting before the horse. Notice when a painful initiation leads to irrational devotion, or when unsatisfying jobs start to seem worthwhile. Remind yourself pledges and promises have power, as do uniforms and parades. Remember in the absence of extrinsic rewards you will seek out or create intrinsic ones. Take into account [that] the higher the price you pay for your decisions the more you value them. See that ambivalence becomes certainty with time. Realize that lukewarm feelings become stronger once you commit to a group, club, or product. Be wary of the roles you play and the acts you put on, because you tend to fulfill the labels you accept. Above all, remember the more harm you cause, the more hate you feel. The more kindness you express, the more you come to love those you help. — Anonymous

Why should you buy the cow, if you can get the milk for free?" Answer: There is no reason, no incentive, no need to buy the cow. If the cow continues to supply free milk, the milk's value and the cow's value are greatly reduced and free milk will keep that cow feeling empty, misused and unwanted. This is the harsh reality of giving out discounts. Of course, we are not cows, but rather sons and daughters of the Most High God, so let's be mindful not to discount the price that was paid for us on Calvary. — Lindsay Marsh Warren

Those things you can buy have no value but have a price. Those things you cannot buy have value and are priceless. — Debasish Mridha

Having lost and regained her freedom in the most extraordinary circumstances over the course of her remarkable lifetime, few could have set a higher price on the value of liberty. And yet, as she was well aware, it was only through the fundamental principles of justice that her liberty had finally been secured. — Wendy Moore

In reality, the laborer belongs to capital before he has sold himself to capital. His economic bondage is both brought about and concealed by the periodic sale of himself, by his change of masters, and by the oscillation in the market price of labor power. Capitalist production, therefore, under its aspect of a continuous connected process, of a process of reproduction, produces not only commodities, not only surplus value, but it also produces and reproduces the capitalist relation; on the one side the capitalist, on the other the wage-laborer. — Karl Marx

As if it were Injustice to sell dearer than we buy; or to give more to a man than he merits. The value of all things contracted for, is measured by the Appetite of the Contractors: and therefore the just value, is that which they be contented to give. — Thomas Hobbes

The value of an item - in the mind of a consumer - is simply the difference between the anticipated price and the price on the tag. — Roy H. Williams

Students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value. Though it's seldom recognized, this is the exact approach — Warren Buffett

What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated. — Thomas Paine

Brand growth and dominance is created by having the highest brand value, not the lowest price tag. — David Brier

Hold value; not price,
carry moral; not pride.
be of compassion; not selfishness,
humble in your approach to live and
loving with your gift to share. — Nikki Rowe

Part of the difficulty in trying to be both an artist and a businessperson is this: You make a picture because you have seen something beyond price; then you are to turn and assign to your record of it a cash value. If the selling is not necessarily a contradiction of the truth in the picture, it is so close to being a contradiction - and the truth is always in shades of gray-that you are worn down by the threat. — Robert Adams

I just think we can't do enough of this [student exchanges] ... And when you get young children traveling internationally, I think they come back different people. And you can't put a price tag - you can't put a value on that. — Arne Duncan

If in the human economy, a squash in the field is worth more than a bushel of soil, that does not mean that food is more valuable than soil; it means simply that we do not know how to value the soil. In its complexity and its potential longevity, the soil exceeds our comprehension; we do not know how to place a just market value on it, and we will never learn how. Its value is inestimable; we must value it, beyond whatever price we put on it, by respecting it. — Wendell Berry

Major Richard Bong was an example of the tragic and terrible price we must pay to maintain principles of human rights, of greater value than life itself. This gallant Air Force hero will be remembered because he made his final contribution to aviation in the dangerous role of test pilot of an untried experimental plane, a deed that places him among the stout-hearted pioneers who gave their lives in the conquest of sky and space. — Eddie Rickenbacker

Don't sell yourself short. No one will value you. Set a fair price for you, your book, your services, whatever it is that you have to offer. Most of us set way too low a price. Put it a little higher than you would normally be inclined to do. The worst that can happen is someone will come along and steal it. — John Kremer

It is only when the maker of things is a maker of things by vocation, and not merely holding down a job, that the price of things is approximate to their real value ... — Ananda Coomaraswamy

I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time. — David Dreman

These people are so damned proud of their hatred! Hatred is easy, and lazy to boot. It's love that demands effort, love that exacts a price from each of us. Love costs; this is its value. — Erika Johansen

For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value. — Ludwig Von Mises

I wonder sometimes if I'm not, after all, a piece in some other player's game, following blindly his grand designs without ever knowing that my path along the board is only a feint, while the important matters are played out elsewhere by other men.
But whether there's some grand design really matters little to me. My only hope was this: To see what might be, to believe that it should be, and then to do all I could to bring it to pass, whatever the cost. When a life spins out as joyfully as mine has done, then the price, one paid so painfully, is now recalled in gladness. I have received full value. Here among the shepherds, my cup is filled with the water of life; it overflows. — Orson Scott Card

I happen to believe that the deepest value of fiction is that, in its very fictiveness, it is the one arena where we can, at least temporarily, take apart and refuse to compete within the terms that the rest of existence insists on. Market value may come to drive out all other human values, except, perhaps, in the country of invented currency, the completely barter-driven economy of the imagination. Fiction, when it remembers its innate priority over other human transactions, can deal not in price but in worth. And that seems to me an act filled with political potential, as well as with pleasure. — Richard Powers

If I owned any of these Hot New Issues that have doubled, tripled, quintupled or umptupled within days and in some cases hours after they were issued, I most certainly would grab my fabulous windfall, thank my lucky stars and invest the money. It's utter nonsense to think any newly issued stock is really worth two, ten or 20 times the [offering] price ... A management so stupid as to sell shares [cheap], and an underwriter so obtuse as not to discern the real value, together would provide reason enough for a sensible man to get rid of his shares. — Malcolm Forbes

Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only. — Adam Smith

Late modern society is principally concerned with purchasing things, in ever greater abundance and variety, and so has to strive to fabricate an ever greater number of desires to gratify, and to abolish as many limits and prohibitions upon desire as it can. Such a society is already implicitly atheist and so must slowly but relentlessly apply itself to the dissolution of transcendent values. It cannot allow ultimate goods to distract us from proximate goods. Our sacred writ is advertising, our piety is shopping, our highest devotion is private choice. God and the soul too often hinder the purely acquisitive longings upon which the market depends, and confront us with values that stand in stark rivalry to the only truly substantial value at the center of the social universe: the price tag. — David Bentley Hart

As in many other cities, money no longer had any value in Istanbul. At the time I returned from the East, bakeries that once sold large one-hundred drachma loaves of bread for one silver coin now baked loaves half the size for the same price, and they no longer tasted the way they did during my childhood. — Orhan Pamuk

What is a cynic? A man who knows the price of everything and the value of nothing. And a sentimentalist, my dear Darlington, is a man who sees an absurd value in everything, and doesn't know the market place of any single thing. — Oscar Wilde

To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds to society. The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed. A monopolist who overcharges for his product takes money from those whom he is overcharging and at the same time destroys value. To get his monopoly price, he has to restrict production. — Joseph E. Stiglitz

Basically, we try to buy value expressed in the differential between its price and what we think its worth. — Walter Schloss

One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately for our clients, we don't tend to operate based on the view. Our investment strategy is to invest bottom up, one stock at a time, based on price compared to value. And while we may have a macro view that things aren't very good right now - which in fact we feel very strongly we will put money to work regardless of that macro view if we find bargains. So tomorrow, if we found half a dozen bargains, we would invest all our cash. — Seth Klarman

There are many pleasant fictions of the law in constant operation, but there is not one so pleasant or practically humorous as that which supposes every man to be of equal value in its impartial eye, and the benefits of all laws to be equally attainable by all men, without the smallest reference to the furniture of their pockets. — Charles Dickens

If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up reflecting the higher value of this company. You might have information because you trade with them or because you've done some research on them. — Robert F. Engle

I'm afraid many women do choose the wedding over the marriage. It seems a steep price to pay, but it comes from a place of deep, sad longing to be loved and to have it proven that you are of value. — Elizabeth Gilbert

[A]s you will come to see, everything in life comes at a price. Nothing is free, not a single thing, tangible or intangible. There is an equilibrium at play all the time. For every gain, there is a loss of equal value. For every heart that is broken, one is sutured. It's called balance, and it's the only reason the universe doesn't collapse onto itself at any given moment. — Richard Harris

As Nietzsche wrote, "The value of a thing sometimes lies not in what one attains with it, but in what one pays for it - what it costs us." Perhaps you will attain your goal, and a worthy goal at that, but at what price? Apply this standard to everything, including whether to collaborate with other people or come to their aid. In the end, life is short, opportunities are few, and you have only so much energy to draw on. And in this sense time is as important a consideration as any other. Never waste valuable time, or mental peace of mind, on the affairs of others - that is too high a price to pay. Power — Robert Greene

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity. — James Surowiecki

Don't you know that there's another bubble as well An expectations bubble. Bigger houses private planes yachts ... stupid salaries and bonuses. People come to desire these things and expect them. But the expectations bubble will burst as well as all bubbles do.
Come to my gallery and I will sell you beautiful things at a more reasonable price. But the point is that they will have value. Things of real beauty things of the spirit. — Edward Rutherfurd

In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business who's earnings are virtually certain to be materially higher five, ten and twenty years from now. — Warren Buffett

Every service had a price. Every object a value. If someone made you a sword, you paid him the appropriate amount or traded something of equal value with him. If a man saved your life, you either paid him the amount you considered that life worth, or you saved his in return. Until either of those things was transacted, you were in his debt. It was business. And if Balthazar believed in anything with religious fervor, it was that. — Seth Grahame-Smith

It will be the obvious result of this that the prices of the goods concerned will rise, and that the objective exchange-value of money will fall in comparison. But this rise of prices will by no means be restricted to the market for those goods that are desired by those who originally have the new money at their disposal. In addition, those who have brought these goods to market will have their incomes and their proportionate stocks of money increased and, in their tum, will be in a position to demand more intensively the goods they want, so that these goods will also rise in price. Thus the increase of prices continues, having a diminishing effect, until all commodities, some to a greater and some to a lesser extent, are reached by it. — Ludwig Von Mises

Every successful business (1) creates or provides something of value that (2) other people want or need (3) at a price they're willing to pay, in a way that (4) satisfies the purchaser's needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation. — Josh Kaufman

The Kingdom of Heaven, O man, requires no other price than yourself. The value of it is yourself. Give yourself for it and you shall have it. — Saint Augustine

You know yourself what you are worth in your own eyes; and at what price you will sell yourself. For men sell themselves at various prices. This is why, when Florus was deliberating whether he should appear at Nero's shows, taking part in the performance himself, Agrippinus replied, 'Appear by all means.' And when Florus inquired, 'But why do not you appear?' he answered, 'Because I do not even consider the question.' For the man who has once stooped to consider such questions, and to reckon up the value of external things, is not far from forgetting what manner of man he is. — Epictetus

The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount. — Daniel Bernoulli

See the investment world as an ocean and buy where you get the most value for your money. Right now the value is in non-callable bonds. Most bonds are callable so when they start going up in price, the debtor calls them away from you. But the non-callable bonds, especially those non-callable for 25-30 years, can go way up in price if interest rates go way down. — John Templeton

Now an infinite happiness cannot be purchased by any price less than that which is infinite in value; and infinity of merit can only result from a nature that is infinitely divine or perfect — Adam Clarke

The truth beyond the fetish's glimmering mirage is the relationship of laborer to product; it is the social account of how that object came to be. In this view every commodity, beneath the mantle of its pricetag, is a hieroglyph ripe for deciphering, a riddle whose solution lies in the story of the worker who made it and the conditions under which it was made. — Leah Hager Cohen

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors' eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return. — Jeremy Siegel

The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most effective ways of achieving good long term results. — Peter Cundill

Black-Scholes is a know-nothing system. If you know nothing about value - only price - then Black-Scholes is a pretty good guess at what a 90-day option might be worth. But the minute you get into longer periods of time, it's crazy to get into Black-Scholes. For example, at Costco we issued stock options with strike prices of $30 and $60, and Black-Scholes valued the $60 ones higher. This is insane. — Charlie Munger

Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it. — Jeremy Grantham

There are two parts to the problem of measuring the objective exchange-value of money. First we have to obtain numerical demonstration of the fact of variations in the objective exchange-value of money; then the question must be decided whether it is possible to make a quantitative examination of the causes of particular price movements, with special reference to the question whether it would be possible to produce.
So far as the first-named problem is concerned, it is self-evident that its solution must assume the existence of a good, or complex of goods, of unchanging objective exchange-value. The fact that such goods are inconceivable needs no further elucidation.
If the one is proved to be soluble, then so also is the other; and proof of the insolubility of the one is also proof of the insolubility of the other. — Ludwig Von Mises

The profound point is that the critical link between growth and value creation is the return on incremental capital. Since share prices tend to follow earnings over the long term, the more capital that can be deployed at high rates of return to drive greater earnings growth, the more valuable a company becomes. Warren Buffett summarized the point best: "Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return."4 The best investments, in other words, combine strong growth with high returns on capital. — Lawrence A. Cunningham

Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process. — L. Neil Smith

Be greedy when others are fearful and fearful when others are greedy.' Easier said than done for the vast majority of stock traders ... On every stock trade there is someone who wants to sell and someone who wants to buy, at least at a particular price ... the person who is selling thinks that she is getting out just in time while the person buying thinks that he is about to make good money.
... The truth is that the market doesn't really reflect some magical perfect valuation of a stock under the efficient market hypothesis. It reflects the mass consensus of how actual individual investors value the stock. It is the sum total of everyone's hopes and fears ... — M.E. Thomas

In the wake of the British army's burning of the roughly 3,000 books belonging to Congress at Washington, Jefferson offered to sell the nation his own collection.42 There were 6,487 volumes in Jefferson's hands; in the words of the National Intelligencer, the library "for its selection, rarity and intrinsic value, is beyond all price."43,44 They formed the core of the new Library of Congress. — Jon Meacham