Price vs. Value
“It’s unwise to pay too much,
but it’s worse to pay too little.
When you pay too much, you lose
a little money – that’s all.
When you pay too little, you
sometimes lose everything, because
the thing you bought was incapable of
doing the thing it was bought to do.
The common law of business balance
prohibits paying a little and getting
a lot – it can’t be done.
If you deal with the lowest bidder,
it is well to add something for the risk
you run, and if you do that you will
have enough to pay for something better.”