“Value investing strategies have worked for years and everyone's known about them. They continue to work because it's hard for people to do, for two main reasons. First, the companies that show up on the screens can be scary and not doing so well, so people find them difficult to buy. Second, there can be one-, two- or three-year periods when a strategy like this doesn't work. Most people aren't capable of sticking it out through that.”
![“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)
![“[The Community's] crosses and trials give me confidence. But I derive my hope above all, and most especially, from our utter incapacity, for it is always upon nothingness that God is pleased to rear His works. If at any day we accomplish some good here, the glory will certainly be His alone, since…” quote by Theodore Guerin](https://sms4smile.com/quotes/img-quotes/2b8/theodore-guerin-54729_accomplish_the-community-s-crosses-and-trials-give_7176.jpg)
