[Quote of the day] Markets rebounded sharply. It’s better to buy a wonderful company…?

Market Snapshot
The S&P 500 rose Monday but closed out its worst month since March 2020 as expectations for higher interest rates erode enthusiasm for stocks.

The broad U.S. stock index retreated 5.3% in volatile trading in January as investors wrestle with the question of how tighter monetary policy will influence equity valuations. High inflation and a strong labor market have led Federal Reserve officials to accelerate their plans for unwinding support for the economy.
Quote of the day

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. -Warren Buffett