Great Quote from David Gardner
"Information gets factored into stock prices that none of us can ever fully know. Sometimes that information is right, and sometimes it's wrong. For these reasons, I respect the market and its pricing -- always have.
I've focused my efforts on seeking out excellence, as opposed to seeking out "cheap" -- or avoiding "overvalued." I try to find excellence, buy excellence, and add to excellence over time. I sell mediocrity. That's how I invest! :)"
--- David Gardner
This is an awesome quote in my opinion. Some of my worst investing decisions have been when I found great companies, but thought they were a little too expensive, which led me to miss their great runs. The bottom line is that if you buy into excellence, a few percentage points here or there will not matter in the long run, and this quote will help me remember that.