According to @QCompounding, buying a wonderful company at a fair price is superior to buying a fair company at a wonderful price, noting that cheap low-quality stocks can keep getting cheaper and that stock prices ultimately follow intrinsic value growth; source: @QCompounding, Sep 6, 2025. For trading, this favors prioritizing quality and intrinsic value growth over headline discounts, aligning entries near fair value rather than chasing the cheapest names; source: @QCompounding.