Shares of Visa (NYSE:V) got a boost today as the company reported earnings. Both Visa and MasterCard (NYSE:MA) have had incredible performances since their initial public offerings, but is there still room to climb at these multiples? In the video below, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss why sometimes, as Warren Buffett says, it's better to buy great companies at a fair price, than fair companies at a great price.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends MasterCard and Visa. The Motley Fool owns shares of MasterCard. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.