“Value investing strategies have worked for years and everyone's known about them. They continue to work because it's hard for people to do, for two main reasons. First, the companies that show up on the screens can be scary and not doing so well, so people find them difficult to buy. Second, there can be one-, two- or three-year periods when a strategy like this doesn't work. Most people aren't capable of sticking it out through that.”
Quote by Joel Greenblatt
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
“I wait until an investment idea is so good, it hits me over the head like an anvil.”
“I don't know too many people that are good at timing the market relative to macro-economic events.”
Source: Hope Is a Decision: Selected Essays
“If I plug my estimates into the Magic Formula, and it comes out cheap, that's good.”
“During inflation, Goodwill is the gift that keeps on giving.”