In the Dollar Store

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.- Warren Buffet
Again with the Warren Buffet words of wisdom. Again Mr. Omaha is right, for some strange reason individuals think when a stock is at a dollar it is a sale and they are getting a bargain. While the upside is infinite and the downside is $1, that is a logical fallacy. You are foregoing the opportunity to make money by buying a dud that will not make money or even lose money. I believe the fascination is the ability to buy many shares example 1000 shares for $1 instead of 20 for $50 a share. These days it is hard to find the wonderful company trading for a low dollar price, maybe a low multiple, but that is also rare. The real money is made in private equity and venture capital. Buying into a little known company before it is followed by big Wall Street firms. My new goal is to file a 13G or 13D within 3 years.