Price and value are

Price and value are not the same things.

Buffett is notoriously frugal. And frugality is all about value. 

Price is what you pay; value is what you get. Frugality isn’t about buying anything at a low price. It’s not about paying a lot for something just because it’s valuable, either. it’s about buying value at a low price. 

The key to making a smart spending decision isn’t just price; it’s value, too. So when you’re getting a deal, calculate value into the equation.

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