Quote of the day by David Abrams: “There are good assets and bad assets but good prices and bad prices supersede whether the assets are good or bad”

David Abrams stresses that investment outcomes depend more on entry price than asset quality. Even strong businesses can underperform if overvalued, while weaker ones can generate returns if bought cheaply. The insight reinforces core value investing principles of margin of safety, disciplined valuation, and avoiding momentum-driven buying.