A Quote by Joel Greenblatt
I don't know too many people that are good at timing the market relative to macro-economic events.
Related Quotes
Basic philosophy, spirit and drive of an organization have far more to do with its relative achievements than do technological or economic resources, organizational structure, innovation and timing.
I don't know if I have actually good comedic timing. But I don't think I've worked at any timing. I think timing is probably something you can't work at. Well, I don't know. I definitely didn't work at it.
To achieve long-term success over many financial market and economic cycles, observing a few rules is not enough. Too many things change too quickly in the investment world for that approach to succeed. It is necessary instead to understand the rationale behind the rules in order to appreciate why they work when they do and don't when they don't.
I don't believe all this nonsense about market timing. Just buy good value and when the market is ready that value will be recognized.
First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.
One of my favorite patterns is the tendency for the markets to move from relative lows to relative highs and vice versa every two to four days. This pattern is a function of human behavior. It takes several days of a market rallying before it looks really good. That’s when everyone wants to buy it, and that’s the time when the professionals, like myself, are selling. Conversely, when the market has been down for a few days, and everyone is bearish, that’s the time I like to be buying.
I'd say that, to be a good deal maker, you have to have three basic characteristics - timing, timing, and timing.
I'd say that, to be a good deal maker, you have to have 3 basic characteristics - timing, timing, and timing.
There are some people who were born with good timing, and I think my comic timing is pretty solid.
I say too much of what, he says too much of everything, too much stuff, too many places, too much information, too many people, too much of things for there to be too much of, there is too much to know and I don't know where to begin but I want to try.
I've been asked to do small parts in films, but you know, what I've learned in the 12 Steps of Recovery is that for me, being a public person, is not a very healthy thing. There's too many drugs, too many jets, too many girls, too many parties. It's just not my lifestyle. I'm 58 years old. A good round of golf is about as exciting as my life gets.
I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.
It's good to be difficult to know. Too many people are too easy to know.
The larger the government, the more our livings standards are reduced. We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year - not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being.
My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely only a few thousand successful practitioners in the world today. Macro trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
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