“So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.”
Quote by Joel Greenblatt
Work
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P
This book offers insights into various investment strategies and methods for navigating the stock market, aiming to help readers uncover hidden opportunities and make informed investment decisions. more
Author
Joel Greenblatt
Joel Greenblatt is a renowned investment manager, born on December 13, 1957. He has extensive experience in the investment field, particularly known for his value investing and arbitrage strategies. more
You May Also Like
“The secret to investing is to figure out the value of something - and then pay a lot less.”
Source: The Big Secret for the Small Investor: A New Route to Long-Term Investment Success
“Timidity prompted by past failures causes investors to miss the most important bull markets.”
“I've never bought a stock unless, in my view, it was on sale.”
“I don't want a lot of good investments; I want a few outstanding ones.”