Figure Quote by Joel Greenblatt
“Figure out what something is worth and pay a lot less.”
About This Quote
Assess true value, then negotiate a price far below it to maximize profit.
In simple terms: Know value, pay less.
Key Takeaway
Buy low, sell high.
Themes
finance
negotiation
value investing
Mood
pragmatic
strategic
Type
advice
financial
When to use this quote
- real estate deals
- stock purchases
- auction bidding
- business acquisitions
Key Concepts
valuation
price discrimination
market inefficiency
Questions to Reflect On
- How can you accurately determine worth?
- What risks arise from paying far below value?
A Different Perspective
Market conditions may limit ability to find undervalued opportunities.
![“There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You're never sitting there on the 40th page of…” quote by Joel Greenblatt](https://sms4smile.com/quotes/img-quotes/ffb/joel-greenblatt-21588_agonizing_there-s-a-clarity-that-comes-with-great_467148.jpg)
