Price is what you pay and value is what you get

@scheng1 (24650)
Singapore
October 4, 2015 8:21am CST
This is a saying by Warren Buffett. He is explaining about stock market investment and the relationship between share price and the value of the businesses listed in the stock market. However, this saying can help us a lot in our daily life. Whenever I want to buy anything, I always remember this sentence. I always ask if the price that I pay is high or low relative to the value that I get. For food, nothing beats fresh vegetables, meat and fruits. If I can get fresh produces at a low price, that is very value for money.
3 people like this
2 responses
sofs
@sofssu (23662)
•
4 Oct 15
Yes, its important to weight price against the value for what you get.. I generally go in for stuff that is high in value.., that is a good bargain for me.
1 person likes this
scheng1
@scheng1 (24650)
• Singapore
5 Oct 15
Yes, that is why many people do not buy new car. They wait to buy used car that is one or two years old In this case, it is great value for money. They easily can get used Mercedes or BMW for half the price.
Sky
@skysnap (20154)
•
4 Oct 15
I agree vegetables are cheap but if inflation comes up then meat will become cheap until we run out of meat and then both will be expensive. that is for sure. but that being said often we don't get what we pay for.
1 person likes this
scheng1
@scheng1 (24650)
• Singapore
5 Oct 15
Vegetables will always be cheaper than meat, no matter what the economy is. Vegetables are great values for money because they are cheap and good for our health.