Buying good companies at bargain prices is the secret to making a lot of money.
Investors
Joel Greenblatt
Born in 1957, Joel Greenblatt is the founder of Gotham Capital and an adjunct professor at Columbia Business School. He devised the 'Magic Formula' — a system that ranks stocks by just two metrics, earnings yield and return on invested capital — and demonstrated that it consistently beats the market. A rare figure who straddles academia and practice, he has worked to make value investing accessible to everyone.
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Joel Greenblatt's Other Quotes
You can't really teach someone to be a great investor. But you can teach them to avoid the common mistakes.
The magic formula works, but most people don't have the patience to stick with it.
Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
The stock market is there to serve you, not to instruct you.
Related Quotes
I try to invest in companies where the downside is limited and the upside is significant.
-- Bruce Berkowitz
The key to investing is figuring out what something is worth and paying less for it.
-- Mario Gabelli
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
-- Warren Buffett
Price is what you pay. Value is what you get.
-- Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
-- Warren Buffett
The magic formula works, but most people don't have the patience to stick with it.
-- Joel Greenblatt