--- title: "Meaning & Key Takeaway of: I still believe that for good business…" description: "\"I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret t..." image: "https://sms4smile.com/quotes/i/287/joel-greenblatt-21588_analysts_i-still-believe-that-for-good-business-a_2087861.png" --- # I still believe that for good business analysts a… ![“I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think…” quote by Joel Greenblatt](https://sms4smile.com/quotes/i/287/joel-greenblatt-21588_analysts_i-still-believe-that-for-good-business-a_2087861.png) [Download](https://sms4smile.com/quotes/i/287/joel-greenblatt-21588_analysts_i-still-believe-that-for-good-business-a_2087861.png) [Open image](https://sms4smile.com/quotes/i/287/joel-greenblatt-21588_analysts_i-still-believe-that-for-good-business-a_2087861.png) > “I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think investors should have a large portion of their assets in equities over time.” [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A focused investment approach with patience and long‑term view yields better results than spreading thinly. **In simple terms:** Concentrated, patient investing works. Key Takeaway Focus and patience are key. Themes investment patience focus strategy risk management Mood analytical strategic Type advisory financial When to use this quote - financial planning - career development - wealth building - stock selection - risk assessment Key Concepts value investing portfolio concentration long‑term horizon Questions to Reflect On - How can you cultivate patience in investing? - What risks does concentration entail? A Different Perspective Patience may be hard to maintain during market volatility. ★ ★ ★ ★ ★ No ratings yet [Analysts](https://sms4smile.com/quotes/about/analysts/) [Analysts Concentrated](https://sms4smile.com/quotes/about/analysts-concentrated-4112727/) [Assets](https://sms4smile.com/quotes/about/assets/) [Believe](https://sms4smile.com/quotes/about/believe/) [Business](https://sms4smile.com/quotes/about/business/) [Concentrated Portfolio](https://sms4smile.com/quotes/about/concentrated-portfolio-4112724/) [Customer](https://sms4smile.com/quotes/about/customer/) [Equity](https://sms4smile.com/quotes/about/equity/) [Following](https://sms4smile.com/quotes/about/following/) [Formula Strategy](https://sms4smile.com/quotes/about/formula-strategy-4112726/) [Formulas](https://sms4smile.com/quotes/about/formulas/) [Good business](https://sms4smile.com/quotes/about/good-business/) [Good Strategy](https://sms4smile.com/quotes/about/good-strategy-339138/) [Horizon](https://sms4smile.com/quotes/about/horizon/) [I still believe](https://sms4smile.com/quotes/about/i-still-believe/) [Individual](https://sms4smile.com/quotes/about/individual/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Long](https://sms4smile.com/quotes/about/long/) [Long term](https://sms4smile.com/quotes/about/long-term/) [Portfolio Good](https://sms4smile.com/quotes/about/portfolio-good-4112725/) [Portfolios](https://sms4smile.com/quotes/about/portfolios/) [Portions](https://sms4smile.com/quotes/about/portions/) [Quality](https://sms4smile.com/quotes/about/quality/) [Secret](https://sms4smile.com/quotes/about/secret/) [Secret to success](https://sms4smile.com/quotes/about/secret-to-success/) [Should](https://sms4smile.com/quotes/about/should/) [Should have](https://sms4smile.com/quotes/about/should-have/) [Stills](https://sms4smile.com/quotes/about/stills/) [Strategy](https://sms4smile.com/quotes/about/strategy/) [Term](https://sms4smile.com/quotes/about/term/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Over the long term, despite significant drops from time to time, stocks (especially an intelligently selected stock portfolio) will be one of your best…](https://sms4smile.com/quotes/joel-greenblatt/over-the-long-term-despite-significant-drops-from-time-to-time-stocks/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel…](https://sms4smile.com/quotes/joel-greenblatt/the-more-confidence-i-have-in-each-one-of-my-stock-picks-the-fewer/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [All good strategy eventually degenerates into work.](https://sms4smile.com/quotes/peter-drucker/all-good-strategy-eventually-degenerates-into-work/) [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) > [“You can shift the odds in your favor by differentiating yourself from others, because a good strategy seeks uniqueness. Rather than a plan, a…](https://sms4smile.com/quotes/stephen-bungay/you-can-shift-the-odds-in-your-favor-by-differentiating-yourself-from/) [Stephen Bungay](https://sms4smile.com/quotes/author/stephen-bungay/) > [Rarely have I seen a situation where doing less than the other guy is a good strategy.](https://sms4smile.com/quotes/james-spithill/rarely-have-i-seen-a-situation-where-doing-less-than-the-other-guy-is/) [James Spithill](https://sms4smile.com/quotes/author/james-spithill/) > [“…the only way to do that was to make the trouble she was causing seem unimportant. It was a good strategy, and I was…](https://sms4smile.com/quotes/c-d-reiss/the-only-way-to-do-that-was-to-make-the-trouble-she-was-causing-seem/) [C.D. Reiss](https://sms4smile.com/quotes/author/c-d-reiss/) > [“if you want people to comply with some norm or rule, it is a good strategy to inform them (if true) that most other…](https://sms4smile.com/quotes/richard-h-thaler/if-you-want-people-to-comply-with-some-norm-or-rule-it-is-a-good/) [Richard H. Thaler](https://sms4smile.com/quotes/author/richard-h-thaler/) > [Having three tough finishing holes in a major, you know, you know that, most likely, it's going to come down to those last three…](https://sms4smile.com/quotes/dustin-johnson/having-three-tough-finishing-holes-in-a-major-you-know-you-know-that/) [Dustin Johnson](https://sms4smile.com/quotes/author/dustin-johnson/) > [Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the…](https://sms4smile.com/quotes/david-dreman/investors-repeatedly-jump-ship-on-a-good-strategy-just-because-it/) [David Dreman](https://sms4smile.com/quotes/author/david-dreman/) > [“Good strategy was the only reason I was still alive. I ambushed, set traps, and ran like hell the moment things stopped going my…](https://sms4smile.com/quotes/jester-bobbity/good-strategy-was-the-only-reason-i-was-still-alive-i-ambushed-set/) [Jester Bobbity](https://sms4smile.com/quotes/author/jester-bobbity/) > [Life is a house with millions of doors. Here is a good strategy of life: Open the doors, open as much as you can,…](https://sms4smile.com/quotes/mehmet-murat-ildan/life-is-a-house-with-millions-of-doors-here-is-a-good-strategy-of/) [Mehmet Murat Ildan](https://sms4smile.com/quotes/author/mehmet-murat-ildan/) > [You can reach the goal you planned for a long time if you have good strategy to achieve it .](https://sms4smile.com/quotes/mitch-alapan/you-can-reach-the-goal-you-planned-for-a-long-time-if-you-have-good/) [Mitch Alapan](https://sms4smile.com/quotes/author/mitch-alapan/) > [Surrender is rarely good strategy.](https://sms4smile.com/quotes/ben-manski/surrender-is-rarely-good-strategy/) [Ben Manski](https://sms4smile.com/quotes/author/ben-manski/) > [People believe that companies have always had strategies, dating back at least to likes of Henry Ford or Andrew Carnegie, maybe to the contractors…](https://sms4smile.com/quotes/walter-kiechel/people-believe-that-companies-have-always-had-strategies-dating-back/) [Walter Kiechel](https://sms4smile.com/quotes/author/walter-kiechel/) > [I believe that people make their own luck by great preparation and good strategy.](https://sms4smile.com/quotes/jack-canfield/i-believe-that-people-make-their-own-luck-by-great-preparation-and/) [Jack Canfield](https://sms4smile.com/quotes/author/jack-canfield/) ## More by Joel Greenblatt > [Figure out what something is worth and pay a lot less.](https://sms4smile.com/quotes/joel-greenblatt/figure-out-what-something-is-worth-and-pay-a-lot-less/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [We are busy surviving, herding, fixating on what just happened, and being overconfident!](https://sms4smile.com/quotes/joel-greenblatt/we-are-busy-surviving-herding-fixating-on-what-just-happened-and/) [Joel Greenblatt](https://sms4smile.com/quotes/author/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 it's cheap,… ](https://sms4smile.com/quotes/joel-greenblatt/there-s-a-clarity-that-comes-with-great-ideas-you-can-easily-and/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [The secret to investing is to figure out the value of something - and then pay a lot less.](https://sms4smile.com/quotes/joel-greenblatt/the-secret-to-investing-is-to-figure-out-the-value-of-something-and/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [Remember, it’s the quality of your ideas not the quantity that will result in the big money.](https://sms4smile.com/quotes/joel-greenblatt/remember-it-s-the-quality-of-your-ideas-not-the-quantity-that-will/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [“Perhaps, since the measurement of potential gain and loss from a particular stock is so subjective, it is easier, if you are a professional…](https://sms4smile.com/quotes/joel-greenblatt/perhaps-since-the-measurement-of-potential-gain-and-loss-from-a/) [Joel Greenblatt](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/joel-greenblatt/here-is-part-of-the-tradeoff-with-diversification-you-must-be/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the…](https://sms4smile.com/quotes/joel-greenblatt/it-just-seems-logical-that-sticking-to-investing-in-only-a-small/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [I wait until an investment idea is so good, it hits me over the head like an anvil.](https://sms4smile.com/quotes/joel-greenblatt/i-wait-until-an-investment-idea-is-so-good-it-hits-me-over-the-head/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [“When thinking about risk, rather than making things unnecessarily complicated, there are really two main things you should want to know about an investment…](https://sms4smile.com/quotes/joel-greenblatt/when-thinking-about-risk-rather-than-making-things-unnecessarily/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [“Graham figured that always using the margin of safety principle when deciding whether to purchase shares of a business from a crazy partner like…](https://sms4smile.com/quotes/joel-greenblatt/graham-figured-that-always-using-the-margin-of-safety-principle-when/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [I think the exercise of trying to figure out how to simplify concepts has been incredibly helpful to me over the last 13 years…](https://sms4smile.com/quotes/joel-greenblatt/i-think-the-exercise-of-trying-to-figure-out-how-to-simplify-concepts/) [Joel Greenblatt](https://sms4smile.com/quotes/author/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. You may…](https://sms4smile.com/quotes/joel-greenblatt/choosing-individual-stocks-without-any-idea-of-what-you-re-looking/) [Joel Greenblatt](https://sms4smile.com/quotes/author/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.](https://sms4smile.com/quotes/joel-greenblatt/if-you-spend-your-energies-looking-for-and-analysing-situations-not/) [Joel Greenblatt](https://sms4smile.com/quotes/author/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 and measure…](https://sms4smile.com/quotes/joel-greenblatt/somehow-when-ownership-interests-are-divided-into-shares-that-bounce/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) [Explore all 29 Joel Greenblatt quotes ](https://sms4smile.com/quotes/author/joel-greenblatt/) ## More Analysts quotes > [In Hollywood, not to have an analyst is virtually an admission of failure.](https://sms4smile.com/quotes/amy-vanderbilt/in-hollywood-not-to-have-an-analyst-is-virtually-an-admission-of/) [Amy Vanderbilt](https://sms4smile.com/quotes/author/amy-vanderbilt/) > [Freud pointed out, in his Problem of Lay Analysis, that it is extremely unlikely that a young man who would throw the best years…](https://sms4smile.com/quotes/paul-goodman/freud-pointed-out-in-his-problem-of-lay-analysis-that-it-is-extremely/) [Paul Goodman](https://sms4smile.com/quotes/author/paul-goodman/) > [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I respect the astute and rigorously unsentimental David Horowitz as one of America's most original and courageous political analysts. He has the true 1960s…](https://sms4smile.com/quotes/camille-paglia/i-respect-the-astute-and-rigorously-unsentimental-david-horowitz-as/) [Camille Paglia](https://sms4smile.com/quotes/author/camille-paglia/) > [There was an analyst who came out the other day who's had a long track record of projecting presidential campaigns based on the economy…](https://sms4smile.com/quotes/newt-gingrich/there-was-an-analyst-who-came-out-the-other-day-who-s-had-a-long/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [“analysts were more likely to maintain their star performance if they worked with high-quality colleagues in their teams and departments. The star analysts relied…](https://sms4smile.com/quotes/adam-m-grant/analysts-were-more-likely-to-maintain-their-star-performance-if-they/) [Adam M. Grant](https://sms4smile.com/quotes/author/adam-m-grant/) > [I'm old-fashioned, a storyteller. I'm not an analyst and I'm not an intellectual.](https://sms4smile.com/quotes/john-irving/i-m-old-fashioned-a-storyteller-i-m-not-an-analyst-and-i-m-not-an/) [John Irving](https://sms4smile.com/quotes/author/john-irving/) > [This is what analysts have calculated. It's a number that's out there and we're not arguing with it.](https://sms4smile.com/quotes/david-edward-kirk/this-is-what-analysts-have-calculated-it-s-a-number-that-s-out-there/) [David Edward Kirk](https://sms4smile.com/quotes/author/david-edward-kirk/) > [I go to an analyst not because I need to but because I choose to and maybe that's the difference. I don't think I…](https://sms4smile.com/quotes/mary-tyler-moore/i-go-to-an-analyst-not-because-i-need-to-but-because-i-choose-to-and/) [Mary Tyler Moore](https://sms4smile.com/quotes/author/mary-tyler-moore/) > [I feel genuinely sorry for those who are so blinded by narrow partisanship that they cannot appreciate Limbaugh's energy, intelligence and satiric skill. They…](https://sms4smile.com/quotes/camille-paglia/i-feel-genuinely-sorry-for-those-who-are-so-blinded-by-narrow/) [Camille Paglia](https://sms4smile.com/quotes/author/camille-paglia/) > [At nineteen I was pretty sure I was going to be a professional soccer player. At that time I played for one of the…](https://sms4smile.com/quotes/jo-nesbo/at-nineteen-i-was-pretty-sure-i-was-going-to-be-a-professional-soccer/) [Jo Nesbo](https://sms4smile.com/quotes/author/jo-nesbo/) > [Analysts may be correct that the presidential election won't primarily turn on entitlements reform, but by choosing Paul Ryan as his running mate, Mitt…](https://sms4smile.com/quotes/david-limbaugh/analysts-may-be-correct-that-the-presidential-election-won-t/) [David Limbaugh](https://sms4smile.com/quotes/author/david-limbaugh/) > [The correct attitude of the security analyst toward the stock market might well be that of a man toward his wife. He shouldn't pay…](https://sms4smile.com/quotes/benjamin-graham/the-correct-attitude-of-the-security-analyst-toward-the-stock-market/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [When we started Skype, if you look at analyst reports, no one forecasted it as a big business. 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