Hi KC,
Thanks for the article. Generally i agree with the author on the main idea that buying a good company at a fair price is better than buying a fair company at a good price.
However, the if a company’s growth is 15%, then the company’s intrinsic value should be high, and the estimation of intrinsic value should have factored in that growth. Obviously, that’s a topic of another article, which i believe the author just wants to simplify the illustration.
Like Buffett said, “Time is the friend of the wonderful company, the enemy of the mediocre.”.
 

Hi KC,
Thanks for the article. Generally i agree with the author on the main idea that buying a good company at a fair price is better than buying a fair company at a good price.
However, the if a company’s growth is 15%, then the company’s intrinsic value should be high, and the estimation of intrinsic value should have factored in that growth. Obviously, that’s a topic of another article, which i believe the author just wants to simplify the illustration.
Like Buffett said, “Time is the friend of the wonderful company, the enemy of the mediocre.”.