Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
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
The magic formula works, but most people don't have the patience to stick with it.
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
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
-- Peter Lynch
You can't predict. You can prepare.
-- Howard Marks
The most important thing is being attentive to cycles.
-- Howard Marks
The markets teach you humility every single day.
-- Ken Griffin
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
-- George Soros
I'm only rich because I know when I'm wrong.
-- George Soros