Money and Finance
- Joel Greenblatt Quote (roc And Value Traps)
“One of the reasons why looking at return on capital is important is that it keeps you out of the value traps.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- Joel Greenblatt Quote
“You are setting yourself up for failure if you invest differently than you want to in order to please investors.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- Joel Greenblatt Quote
“…the only way you will stick with something that is not working is by understanding what you are doing.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- How Inflation Swindles The Equity Investor - By Warren E. Buffett, Fortune May 1977
It is no longer a secret that stocks, like bonds, do poorly in an inflationary environment. We have been in such an environment for most of the past decade, and it has indeed been a time of troubles for stocks. But the reasons for the stock market's...
- The Effect That Buying With A Margin Of Safety Has On Your Returns
A little math for a Monday morning: Buy a stock at 50 percent (1/2) of intrinsic value, sell at 90 percent of initial intrinsic value: IRR if it takes 2 years: 34.16% IRR if it takes 3 years: 21.64% Buy a stock at 67 percent (2/3) of intrinsic value,...
Money and Finance
Joel Greenblatt quote (6% minimum return)
“I always assume that my minimum bogie is at least a 6 percent return, even if interest rates are near zero, as they are now. Moreover, I have to beat 6 percent by a measurable amount because the assumption is that the 6 percent is risk-free. So I wouldn’t take 8 percent, unless I have high confidence that it will grow over time. I need a “margin of safety,” as Graham would say. I compare normalized earnings to the risk-free rate or 6 percent, whichever is higher.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards)
- Joel Greenblatt Quote (roc And Value Traps)
“One of the reasons why looking at return on capital is important is that it keeps you out of the value traps.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- Joel Greenblatt Quote
“You are setting yourself up for failure if you invest differently than you want to in order to please investors.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- Joel Greenblatt Quote
“…the only way you will stick with something that is not working is by understanding what you are doing.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards) ...
- How Inflation Swindles The Equity Investor - By Warren E. Buffett, Fortune May 1977
It is no longer a secret that stocks, like bonds, do poorly in an inflationary environment. We have been in such an environment for most of the past decade, and it has indeed been a time of troubles for stocks. But the reasons for the stock market's...
- The Effect That Buying With A Margin Of Safety Has On Your Returns
A little math for a Monday morning: Buy a stock at 50 percent (1/2) of intrinsic value, sell at 90 percent of initial intrinsic value: IRR if it takes 2 years: 34.16% IRR if it takes 3 years: 21.64% Buy a stock at 67 percent (2/3) of intrinsic value,...