Fundamental Value Quotes

An important fraction of United States industry adheres to the idea that research of a fundamental character is worthwhile from a practical point of view.

One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks.

You'll get nowhere buying stocks just because they have a great story.

. . .nothing is more important than freedom. Nothing is more sacred than freedom. Nothing is greater than freedom. Nothing. . .can be permitted to stand in the way of freedom. Freedom. . .is all that makes men great. It is all men have to live for. Without freedom, what good is life?

Monsters remain human beings. In fact, to reduce them to a subhuman level is to exonerate them of their acts of terrorism and mass murder — just as animals are not deemed morally responsible for killing. Insisting on the humanity of terrorists is, in fact, critical to maintaining their profound responsibility for the evil they commit. And, if they are human, then they must necessarily not be treated in an inhuman fashion. You cannot lower the moral baseline of a terrorist to the subhuman without betraying a fundamental value.

It is impossible to build enduring institutions without solid values. For us, the fundamental value is that associated with democracy.

Already for thirty-five years he had not stopped talking and almost nothing of fundamental value had emerged.

You take something like RingCentral. It doesn't need any more money or financing: it is relatively mature, recurring revenue business - not really worried - but you know, we could sell it tomorrow. We have not been in a rush to sell it. We don't care about exits as much. We care about building fundamental value.

The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for dollar bills that you can buy for 50 cents or at some big discount - that is universal to value investing.