Buffett vs Buffett: Battle for word supremacy

In Stocks in Translation’s, “Who Wore it Better?” we pit Warren Buffett’s words of wisdom against more wisdom from the Oracle of Omaha. Sam Ro, editor of TKer.co, picks our winner and goes on to describe how Buffet's words relate to the true value of a cup of coffee from Starbucks.

Ro makes his pick with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.

This post was written by Jimi Corpuz.

Video Transcript

We want to make time now for who wore it better where we stack two things or ideas next to each other to come to a non binding opinion about who's wearing it better.

And Sam today we're, we're looking at two different Warren Buffett quotes and we want your opinion about which one deliver delivers a better, more useful message to investors.

So and both concerned prices, by the way, quote.

Number one, Warren Buffett, it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Number two, price is what you pay value is what you get.

So two different ways of looking at it there.

Uh I feel like they kind of mean the same thing.

So I'm, I'm, I'm gonna go with the second one because it's a little bit more straightforward.

Um Price is what you pay like, you know, that's very intuitive and value is what you get.

Um You know, the it's like buying a cup of coffee at Starbucks or whatever, right?

You pay $8 to get a, a venti coffee and you know, you know, that's the actual transaction, but you know, maybe you get, you know, $15 worth of joy out of it.

And so that, that's the value, right.

Like, it gains of, uh, you know, of that Amato.

Yeah.

I mean, like if I, if my mother, you know, goes to Starbucks and pays $8 for that coffee, she's getting $4 worth of value out of it.

So, it's a completely different, you know, the nature of that.

She's not there in the first place, probably.

Exactly.

Yeah.

So, so I, I do like that quote because it makes you think about the difference between, you know, one type of dollar sign versus another price is what you pay value is what you get.