The key to investing is figuring out what something is worth and paying less for it.

Investors
Mario Gabelli
Born in 1942 in New York to an Italian immigrant family, Mario Gabelli earned his MBA from Columbia Business School and founded GAMCO Investors. He pioneered the concept of 'Private Market Value' (PMV) — estimating what a knowledgeable buyer would pay for an entire company — as a distinctive framework for equity valuation. Named to Barron's All-Century Team, he is a practitioner who fused value investing with an acquirer's perspective.
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Mario Gabelli's Other Quotes
Related Quotes
I try to invest in companies where the downside is limited and the upside is significant.
-- Bruce Berkowitz
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
-- Warren Buffett
Price is what you pay. Value is what you get.
-- Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
-- Warren Buffett
Buying good companies at bargain prices is the secret to making a lot of money.
-- Joel Greenblatt
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman