However, some notable investors such as Warren Buffett have stated that there is no theoretical difference between the concepts of value and growth (""Growth and Value Investing are joined at the hip""), as growth is always a component in the calculation of value, constituting a variable whose importance can range from negligible to enormous and whose impact can be negative as well as positive. Buffett has recognized the influence of his business partner Charlie Munger on this view, which is best expressed by the famous Buffett saying ""It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"".