Your body can heal itself. It can do so because it has a healing system. If you are in good health, you will want to know about this system, because it is what keeps you in good health and because you can enhance that condition. If you or people you love are sick, you will want to know about this system, because it is the best hope for recovery.
Warren Buffett
[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).
