Joel Greenblatt Quotes

101 Joel Greenblatt Quotes

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If you are going to be a very concentrated investor, you should not use leverage.
Joel Greenblatt

You can’t leverage because you need to live through the downturns and that is incredibly important.
Joel Greenblatt

The thing you bought goes down and the thing you sold goes up, but I have learned to ignore the pain.
Joel Greenblatt

If you really want to ‘beat the market’ most professionals and academics can’t help you.
Joel Greenblatt

It may be human nature or the American way or the natural order of things, but most managers and boards have traditionally sought to expand their empire, domain, or sphere of influence, not contract it. Perhaps that’s why there are so many mergers and acquisitions and why so many, especially those outside of a company’s core competence, fail.
Joel Greenblatt

You don’t need special formulas or mathematical models to help you choose the really big winners. Logic, commonsense, and a little experience are all that’s required.
Joel Greenblatt

When you’re ‘digging’ with an exciting goal in sight, the nature of the task changes completely.
Joel Greenblatt

The financial markets have… been known to accommodate those who prefer instant gratification.
Joel Greenblatt

As a general rule, even if institutional investors are attracted to a parent company because an undesirable business is being spun off, they will wait until after the spinoff is completed before buying stock in the parent.
Joel Greenblatt

Don’t forget to check out the motives of insiders.
Joel Greenblatt



Spinoffs, in general, beat the market.
Joel Greenblatt

Reruns of Gilligan’s Island are boring.
Joel Greenblatt

[On Risk Arbitrage] If you still want to run around the house with scissors, go ahead. But there are easier, and safer, ways to make a buck.
Joel Greenblatt

There are three kinds of people – those who can count and those who can’t.
Joel Greenblatt

As a general rule, don’t buy the common stock of a bankrupt company.
Joel Greenblatt

The bargains will keep coming – just because of the way the ‘system’ works.
Joel Greenblatt

In the stock market, the buying and selling of stocks creates a market for corporate equity and ultimately provides a vehicle for productive businesses to raise capital and expand.
Joel Greenblatt

While it can’t be said that life is always fair, in most cases and over the long term the stock market is.
Joel Greenblatt

It might not be today or tomorrow, but if you do your homework well, the stock market will eventually recognise the inherent value that attracted you to the bargain opportunity in the first place.
Joel Greenblatt

Time is the currency of everyone’s life.
Joel Greenblatt



One of the great benefits of having money is the ability to pursue those great accomplishments that require the gifts of being and time.
Joel Greenblatt



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