Joel Greenblatt

“You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do.”

“When it comes to long-term investing, doing “less” is often “more.””

“We want to get more earnings for the price we’re paying.”

“The market’s very emotional but over time, doing something logical and systematic does work. The market eventually gets it right.”

“Beating the market by losing less than the market isn’t that comforting.”

“The secret to successful investing is relatively simple: Figure out the value of something and then pay a lot less.”