Joel Greenblatt is a value investor with an impressive track record, generating average annual returns of 50% through his hedge fund Gotham Capital between 1985 and 1994.
He is a professor at Columbia Business School since 1996 teaching value investing.
Moreover, he is the author of investment classics such as You Can Be a Stock Market Genius and The Little Book That Beats The Market.
Inspiring Quotes by Joel Greenblatt
“Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot.”
Joel Greenblatt
“After purchasing six or eight stocks in different industries, the benefit of adding even more stocks to your portfolio in an effort to decrease risk is small, and overall market risk will not be eliminated merely by adding more stocks to your portfolio.”
Joel Greenblatt
“It is a good idea to buy shares of a company at a big discount to your estimated value of those shares. Buying shares at a large discount to value will provide you with a large margin of safety and lead to safe and consistently profitable investments.”
Joel Greenblatt
“Over the short term, Mr. Market acts like a wildly emotional guy who can buy and sell stocks at depressed or inflated prices. Over the long run, it’s a completely different story: Mr. Market gets it right.”
Joel Greenblatt
“It may take a few weeks or a few months, and not infrequently a few years, but eventually Mr. Market will pay a fair price for our shares.”
Joel Greenblatt
