MinimalNeutral
Announced Wed, 24 Jun · 18:00 IST

Quote of the day by David Abrams: "There are good assets and bad assets but good prices and bad prices supersede whether the assets are good or bad"

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Economic Times featured a quote from value investor David Abrams stating that good and bad prices matter more than whether assets are fundamentally good or bad. The article explains that even high-quality businesses can deliver poor returns if bought at excessive valuations, while out-of-favour assets can generate attractive returns at sufficiently discounted prices. It echoes the value investing principles of Benjamin Graham and Warren Buffett, emphasising margin of safety and buying below intrinsic worth.