Joel Greenblatt quote (ROC and value traps)
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 (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...

- 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...

- Joel Greenblatt Quote (thinking About The Market)
“I think the difference between those who succeed and those that fail is how they think about the market. Everyone is bombarded every day with price movements, explanations for those price movements, macro events, and lots of other information. You...

- Joel Greenblatt Quote
“The power of value investing flies in the face of anything taught in academics. Value is the way stocks are eventually priced. It requires the perspective of patience because the market will eventually gravitate toward value.” –Joel Greenblatt...



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