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Joel Greenblatt Quotes

Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones Picture Quote #1

We are busy surviving, herding, fixating on what just happened, and being overconfident! Picture Quote #1

I wait until an investment idea is so good, it hits me over the head like an anvil Picture Quote #1

Figure out what something is worth and pay a lot less Picture Quote #1

There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that Picture Quote #1

Value investing doesn’t always work. The market doesn’t always agree with you. Over time, value is roughly the way the market prices stocks, but over the short term, which sometimes can be as long as two or three years, there are periods when it doesn’t work. And that is a very good thing. The fact that our value approach doesn’t work over periods of time is precisely the reason why it continues to work over the long term Picture Quote #1

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So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones Picture Quote #1

Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot Picture Quote #1

Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones Picture Quote #1

The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable Picture Quote #1

Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term Picture Quote #1

Remember, it’s the quality of your ideas not the quantity that will result in the big money Picture Quote #1

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If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains greatly increases Picture Quote #1

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Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones. (Joel Greenblatt Quotes) We are busy surviving, herding, fixating on what just happened, and being overconfident! (Joel Greenblatt Quotes) I wait until an investment idea is so good, it hits me over the head like an anvil (Joel Greenblatt Quotes) Figure out what something is worth and pay a lot less (Joel Greenblatt Quotes) There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that (Joel Greenblatt Quotes) Value investing doesn’t always work. The market doesn’t always agree with you. Over time, value is roughly the way the market prices stocks, but over the short term, which sometimes can be as long as two or three years, there are periods when it doesn’t work. And that is a very good thing. The fact that our value approach doesn’t work over periods of time is precisely the reason why it continues to work over the long term (Joel Greenblatt Quotes) So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones (Joel Greenblatt Quotes) Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot (Joel Greenblatt Quotes) Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones (Joel Greenblatt Quotes) The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable (Joel Greenblatt Quotes) Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term (Joel Greenblatt Quotes) Remember, it’s the quality of your ideas not the quantity that will result in the big money (Joel Greenblatt Quotes) If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains greatly increases (Joel Greenblatt Quotes)