Joel Greenblatt

Figure out what something is worth and pay a lot less.

— Joel Greenblatt

We are busy surviving, herding, fixating on what just happened, and being overconfident!

— Joel Greenblatt

There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why…

— Joel Greenblatt

The secret to investing is to figure out the value of something - and then pay a lot less.

— Joel Greenblatt

Remember, it’s the quality of your ideas not the quantity that will result in the big money.

— Joel Greenblatt

“Perhaps, since the measurement of potential gain and loss from a particular stock is so subjective, it is easier, if you are…

— Joel Greenblatt

Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that…

— Joel Greenblatt

It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving…

— Joel Greenblatt

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

— Joel Greenblatt

“When thinking about risk, rather than making things unnecessarily complicated, there are really two main things you should want to know about…

— Joel Greenblatt

“Graham figured that always using the margin of safety principle when deciding whether to purchase shares of a business from a crazy…

— Joel Greenblatt

I think the exercise of trying to figure out how to simplify concepts has been incredibly helpful to me over the last…

— Joel Greenblatt

Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.…

— Joel Greenblatt

If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains…

— Joel Greenblatt

I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once…

— Joel Greenblatt

“Somehow, when ownership interests are divided into shares that bounce around with Mr. Market’s moods, individuals and professionals start to think about…

— Joel Greenblatt

The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio…

— Joel Greenblatt

Value investing strategies have worked for years and everyone's known about them. They continue to work because it's hard for people to…

— Joel Greenblatt

The way we make money as a group is that we don't pay a lot for anything, and most of the stocks…

— Joel Greenblatt

The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward.…

— Joel Greenblatt

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

— Joel Greenblatt

So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a…

— Joel Greenblatt

Over the long term, despite significant drops from time to time, stocks (especially an intelligently selected stock portfolio) will be one of…

— Joel Greenblatt

There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty…

— 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…

— Joel Greenblatt