Joel Greenblatt Quotes

Enjoy the top 23 famous quotes, sayings and quotations by Joel Greenblatt.

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 —

The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time.

— Joel Greenblatt

I don't know too many people that are good at timing the market relative to macro-economic events.

— Joel Greenblatt

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

If I plug my estimates into the Magic Formula, and it comes out cheap, that's good.

— Joel Greenblatt

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

I wait until an investment idea is so good, it hits me over the head like an anvil.

— Joel Greenblatt

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

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