BC VALUE INVESTING

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William Green
@williamgreen72 3 years, 8 months ago 379 views

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Once you realize that your entire mission is to value businesses & pay much less than they're worth, it's incredibly liberating. Joel Greenblatt told me this simple idea "gets rid of 99% of everything else that anyone had ever told me about how to look at the world & the market."

"If you see it that simply & can keep that simplicity in your mind, it's very compelling & almost makes a lot of what else you see look silly," says Greenblatt... Indeed, you start to realize that much of the investment world is engaged in fruitless nonsense. —#richerwiserhappier

"People are crazy & emotional," Joel Greenblatt told me. "They buy & sell things in an emotional way, not a logical way, & that's the only reason why we have any opportunity."

"So if you have a way to value businesses that's disciplined & makes sense," says Greenblatt, "you should be able to take advantage of other people's emotions."

"It's a very small fraction of people that can value businesses—and if you can't do that, I don't think you should be investing on your own," says Joel Greenblatt. "How can you invest intelligently if you can't figure out what something is worth?"

"Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot." —Joel Greenblatt

"There aren't that many great opportunities," Joel Greenblatt told me. "I was looking for low hurdles—things that other people would have bought, too, if they'd done the work."

"You size your positions based on how much risk you're taking," Joel Greenblatt told me. "I don't buy more of the ones I can make the most money on. I buy more of the ones that I CAN'T lose money on."

Warren Buffett added "one little, simple twist," which made him one of the richest people in the world," Joel Greenblatt told me. "Buying cheap is great—& if I can buy GOOD businesses cheap, even better."

What Joel Greenblatt came to realize is that it all boiled down to this: Buy good businesses at bargain prices. This combines the purified essence of Ben Graham & Warren Buffett. —#richerwiserhappier

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Story 21 - it is about how stone elephant came to life and ate sugarcane - When Raja Abhisheka Pandyan met Ellam Valla Siddhar

கல்யானைக்கு கரும்பருத்திய படலம்

Raja Abhisheka Pandiyan went ahead to meet Ellam Valla Siddhar on the premises of the temple.On seeing the arrival of Raja, people surrounding Siddhar moved back. Abhisheka Pandiyan introduced himself to Siddhar &asked about his whereabouts.Also his purpose of visit to Madurai.

Raja asked why he performed magical acts, does he expect anything from him or people of Madurai.

Siddhar laughed & replied to Raja that he was from Kasi. He had heard a lot about Madurai in Kashi.Also told that this place is a Mukti Kshetram,so he had come to stay here.

Siddhar asked Raja if he has the capability &power to give anything that he asks for. Siddhar told King that he has power to do things even if he think of it.Siddhar asked King to ask whatever he wants & it would be provided, whatever these people had asked, they were granted.

Abhisheka Pandyan was shocked to receive such a reply from Siddhar,& he decided to test the power of this Siddhar. By that time, Raja saw a person in crowd having Sugarcane.

Raja took Sugarcane from that person.

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Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.

His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...

...(1648-1663) as a scarf-bearer. The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..

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