Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can…

- Joel Greenblatt

Figure out what something is worth and pay a lot less.

- Joel Greenblatt

Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result…

- Joel Greenblatt

If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains gre…

- Joel Greenblatt

Remember, it’s the quality of your ideas not the quantity that will result in the big money.

- Joel Greenblatt

The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable.

- Joel Greenblatt

Value investing doesn't always work. The market doesn't always agree with you. Over time, value is roughly the way the market prices stocks, but over…

- Joel Greenblatt

My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that l…

- Joel Greenblatt

So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of sa…

- Joel Greenblatt