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Quote by Joel Greenblatt

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The Big Secret for the Small Investor: A New Route to Long-Term Investment Success

This book offers strategies and insights for small investors looking to achieve sustainable growth in their investments. more

Author

Joel Greenblatt
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

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“Brand-name growth stocks ordinarily command the highest p/e ratios. Rising prices beget attention, and vice versa - but only to a point. Eventually their growth rate can diminish as results revert towards normal. Maybe not in all cases, but often enough to make a long-term bet. Bottom line: I wouldn't want to get caught in a rush for the exit, much less get left behind. Only when big growth stocks fall into the dumper from time to time am I inclined to pick them up - and even then, only in moderation.”