Money and Finance
Joel Greenblatt quote (opportunity set)
“Another important point I try to teach my students is that you have to consider not only what your opportunity set is right now, but also what opportunities you may be forgoing later by investing now. If your opportunity set is not that great right now, maybe you should wait another 6 to 12 months before becoming fully invested.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards)
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Oilprice.com’s Interview With Mike “mish” Shedlock
Link to: Oilprice.com’s interview with Mike “Mish” Shedlock *** I don’t necessarily agree with everything he says, but this is an interesting interview. If you substitute ‘undervalued stocks’ in place of ‘gold’ in his recommendation of...
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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)
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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)
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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)
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Joel Greenblatt Quote (knowing What You Don't Know)
“My students sometimes ask, “What do you do for a company that is in a competitive industry, or technology is causing major changes, or new products are coming out, or some other circumstance makes it very difficult to estimate what future earnings...
Money and Finance