"The choice is not between value and growth, but between value today and value tomorrow." — Howard Marks

A less fancy way of saying it:

Anything that makes money is good.
Joshua Simka's avatar
Reminds me of how folks say the best growth stocks of tomorrow are, for all intents and purpose, undervalued today. Gotta throw in a book recommendation: Marks' 2018 book The Most Important Thing: Uncommon Sense for The Thoughtful Investor

Thomas Chua's avatar
Great book!