"In a number of classic works, including The Intelligent Investor (Book), [[Ben Graham]] introduced some of the most profound investment wisdom in history. It rejects a prevalent but mistaken mind-set that equates price with value. On the contrary, Graham held that **price is what you pay and value is what you get**. These two things are rarely identical, but most people rarely notice any difference." ([Location 364](https://readwise.io/to_kindle?action=open&asin=B01J2SLA5O&location=364)) *** **Tags** — [[quotes]], **See Also** -- [[Warren Buffett]], [[Charlie Munger]] **Source** — [[202308141129 — B — The Essays of Warren Buffett]]