You Can Be a Stock Market Genius Quotes

“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 safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.”
― Joel Greenblatt, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

“The strategy of putting all your eggs in one basket and watching that basket is less risky than you might think.”
― Joel Greenblatt, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

“Even after you learn where to look for new ideas, the notion that you can cover even one-tenth of these special corporate events is a pipe dream.”
― Joel Greenblatt, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

“Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.”
― Joel Greenblatt, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

“Aquí, la cuestión no es hablarte de más acciones ganadoras (créeme, yo también he tenido mi ración de acciones perdedoras). Lo importante es que al examinar una compañía matriz que está a punto de sufrir una complicada división pueden surgir algunas oportunidades bastante interesantes. Dicho esto, actuemos con rapidez.”
― Joel Greenblatt, Tú puedes ser un genio de la bolsa: Aunque seas un novato

“Perhaps, since the measurement of potential gain and loss from a particular stock is so subjective, it is easier, if you are a professional or academic, to use a concept like volatility as a substitute or a replacement for risk than to use some other measure. Whatever the reason for everyone else’s general abdication of common sense, your job remains to quantify, by some measure, a stock’s upside and downside. This is such an imprecise and difficult task, though, that a proxy of your own may well be in order.”
― Joel Greenblatt, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits