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
Our time horizon is five years. We are not focused on the next quarter.
-- Cathie Wood
Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
-- Jack Ma
The key to making money in stocks is not to get scared out of them.
-- Peter Lynch
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
Patience is bitter, but its fruit is sweet.
-- Hideyo Noguchi
We spent two years analyzing the data before we made the trade. It was the research that gave us the conviction.
-- John Paulson