A Quote by Joel Greenblatt
The secret to investing is to figure out the value of something - and then pay a lot less.
Related Quotes
Figure out what something is worth and pay a lot less.
It's a lot easier to figure out how to scale something that doesn't feel like it would scale than it is to figure out what is actually gonna work. You're much better off going after something that will work that doesn't scale, then trying to figure how to scale it up, than you are trying to figure it all out.
The secret to living a full life with no regrets and to staying young is to figure out what you believe in and fight for it. If you lose, don't give up. If you win, raise the bar, and then rare back and do something else. And remember that, with the accumulation of years, our responsibilities to the future grow greater, not less.
All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
Wherever we are seeing something getting used, that to us is an early indicator that there might be something that people want. And then let's figure out how to make that great. And then let's go figure out monetization.
I'm investing in myself, I'm investing in others and I'm investing in my cause. I know if I persist it will pay back in dividends and it always does.
The Trump people make it extremely hard to figure out what's going on with their businesses, so we've done things like try to figure out all the people, the charities who rented out ballrooms and hotel rooms, all the NBA teams that stay at his hotels, people that pay him a lot of money and have other choices.
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).
The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for dollar bills that you can buy for 50 cents or at some big discount - that is universal to value investing.
What's in my mind is that I'm investing in people. It might be through a building or a program, but I'm investing in people. And the people that I'm investing in are underprivileged or hold a core value that I believe in.
The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.
Don't get stampeded by what people around you value. The task is to figure out what YOU value - and value highly enough to throw yourself into with unqualified passion.
If you want success, figure out the price, then pay it.
Leaders, your God-given job is not merely to preside over something, not to pontificate to your underlings how smart you are, not merely to preserve something from its gradual demise; it's to figure out what God wants to get done in this world, figure out what role you play in that, and then to move something or someone from here to there.
You figure out what you value in this life, and then you go for it. For me, it was freedom.
Related Authors
Catherine Austin Fitts Quotes
American
Manager
David Wagner Quotes
German
Manager
Frank de Boer Quotes
Dutch
Manager
Geoffrey Moore Quotes
American
Manager
Gianluca Vialli Quotes
Italian
Manager
Kyle Bass Quotes
American
Manager
Marco van Basten Quotes
Dutch
Manager
Reed Hundt Quotes
American
Manager
Steve Bruce Quotes
English
Manager
Sven-Goran Eriksson Quotes
Swedish
Manager
Tom Basso Quotes
American
Manager
Tony Pulis Quotes
Welsh
Manager