Quantum Capital Management

"...The term value investing is redundant. What is investing if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value—in the hope that it can soon be sold for a still-higher price should be labeled speculation, which is not either illegal, immoral nor, in our view, financially fattening."

Warren Buffett
Chairman and CEO, Berkshire Hathaway Inc.