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Quote by Joel Greenblatt

“If I plug my estimates into the Magic Formula, and it comes out cheap, that's good.”

Author

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

“The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time.”

“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.”

Years Wells Goal Levels Company Return Periods Normal Lows Factors Multiple Earning Persistent

Author:Joel Greenblatt

“During inflation, Goodwill is the gift that keeps on giving.”

Giving Vacation Inflation Goodwill Toughness Alcoholics Anonymous Mental Toughness Aa Meeting Best Vacation Mentally Tough National Lampoon Notifications

Author:Warren Buffett

“When there is no place that you have decided to call your own, then no matter where you go, you are always heading home.”

Matter Home Decided Headings Heading Home

Author:Muso Soseki

“As you walk, you simply walk. Don't go ahead, don't jump here and there. Mind always go ahead or lag behind. Remain with the moment.”

Mind Moments Walks Behinds Here And There Lag

Author:Rajneesh

“This is a concept that western culture has forgotten : everything is one! The idea of dichotomy is deeply wrong and nothing is better than a great symbol of China, the Tao, the wheel of yin and yang that represents life. The universe is the harmony of opposites, because there is no water without fire, there is no female with no male, there is no night without day, there is no sun without the moon ... there is no good without evil! This symbol is perfect since the white and black are embracing each other; inside the white there is a black point and inside the black there is a white point.”

“I wonder how long this word will last, governed exclusively by the merciless, inhuman and immoral criteria of global economy. Seeing the shadow of distant islands, I imagined one still inhabited by a tribe of poets set aside for when, after the middle age of materialism, humanity will have to start to put other values into his existence.”

Long Stills Age Lasts Values Humanity Existence Wonder Economy Seeing Middle Poet Shadow Islands Materialism Tribes Immoral Middle Ages Criteria Inhuman Global Economy

Author:Tiziano Terzani

“Having lived through the transition from totalitarianism, I am acutely mindful of the need to never take for granted the basic freedoms of thought, expression and belief that democracy brings.”

Needs Belief Democracy Expression Granted Transition Totalitarianism Freedom Of Thought Never Take For Granted

Author:Daisaku Ikeda

“To get or not to get what we desire can be equally disappointing.”

Desire Disappointing

Author:Epictetus

Quote by Joel Greenblatt

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