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I don't know too many people that are good at timing the market relative to macro-economic events.
Joel Greenblatt
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Joel Greenblatt
Age: 66
Born: 1957
Born: December 13
Businessperson
Financier
Manager
University Teacher
Great Neck
Long Island
Events
Economic
Many
Good
People
Macro
Timing
Relative
Market
More quotes by 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 comfortable.
Joel Greenblatt
We are busy surviving, herding, fixating on what just happened, and being overconfident!
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 of teaching and I hope my students have benefited from it.
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Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.
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If I plug my estimates into the Magic Formula, and it comes out cheap, that's good.
Joel Greenblatt
My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that level of normal earnings. A holding period of more than one year also works quite well as the factors are persistent in years 2 and 3.
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
Figure out what something is worth and pay a lot less.
Joel Greenblatt