The magic formula works, but most people don't have the patience to stick with it.

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
Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
Buying good companies at bargain prices is the secret to making a lot of money.
The stock market is there to serve you, not to instruct you.
You can't really teach someone to be a great investor. But you can teach them to avoid the common mistakes.
Related Quotes
I think the key to investing is having a strong stomach and being patient.
-- Bill Ackman
Bodily pain does not last without limit; intense pain is brief in duration.
-- Epicurus
Patience is bitter, but its fruit is sweet.
-- Hideyo Noguchi
The experiments proceed slowly. At first a certain amount of patience was needed, but I soon found that matters went better when I carried on several experiments simultaneously.
-- Gregor Mendel
Let me tell you the secret that has led me to my goal. My strength lies solely in my tenacity.
-- Louis Pasteur
The cowards never started and the weak died along the way. That leaves us.
-- Phil Knight