Money and Finance
- Market Cap / Gnp Chart
A great chart from Wes Gray showing that "Warren Buffett's Favorite Valuation Metric" has reached the 95th percentile of valuation. Link At the end of his blog post, Gray writes:"But what are the alternatives? 2.5% 10-year treasuries?"To which...
- 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) ...
- 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...
- 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...
- A Reminder On American Express
I thought it would be a good time to remind readers what Joel Greenblatt had to say about American Express (AXP) last summer. Although I haven't done the valuation work yet and thus haven't invested in AXP, there are 2 things I do know: (1) American...
Money and Finance
Joel Greenblatt quote (valuation)
“…generally, if you have done good valuation work, 98 percent of the time, two or three years is enough time for the market to agree with you. That is a very powerful concept. It gives you patience. Of course, if you do poor valuation work, you can get into trouble. But if you stick to things you understand well, do good valuation work, give yourself a wide margin of safety, and have confidence in your work, eventually, you will end up doing quite well.” –Joel Greenblatt (as quoted in the book Hedge Fund Market Wizards)
- Market Cap / Gnp Chart
A great chart from Wes Gray showing that "Warren Buffett's Favorite Valuation Metric" has reached the 95th percentile of valuation. Link At the end of his blog post, Gray writes:"But what are the alternatives? 2.5% 10-year treasuries?"To which...
- 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) ...
- 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...
- 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...
- A Reminder On American Express
I thought it would be a good time to remind readers what Joel Greenblatt had to say about American Express (AXP) last summer. Although I haven't done the valuation work yet and thus haven't invested in AXP, there are 2 things I do know: (1) American...