“If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains greatly increases.” IfsEnergyChanceSituationFindingsIncreaseInvestorsBargainsAnalysing Author:Joel Greenblatt
“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.” ThinkingShouldBelieveLongStillsIndividualTermSecretQualityShould HaveStrategyFollowingLong TermHorizonAssetsFormulasInvestorsPortionsEquityAnalystsI Still BelieveSecret To SuccessPortfoliosGood Business Author: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 quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.” PeopleThinkingIdeasHelpingValuesAsksProcessChallengesClearSeeingGoes OnSmartAppreciateIndependentInvestmentInvestingCriticalAnalysisCyclesLogicalGapsThinkerInvestorsVirtuousBack And ForthSmart PeopleValuationGood Values Author:Joel Greenblatt
