The Big Secret for the Small Investor by Joel Greenblatt

The Big Secret for the Small Investor by Joel Greenblatt

Author:Joel Greenblatt [Greenblatt, Joel]
Language: eng
Format: epub, azw3
ISBN: 978-0-307-72078-8
Publisher: Crown Publishing Group
Published: 2001-04-12T04:00:00+00:00


SUMMARY

You shouldn’t have passed by that sign.

Given how the system operates, it’s very hard for active mutual fund managers to beat the market.

Given how both professional and individual investors operate, it’s very hard for them to stick with even the best managers. Winning strategies, by definition, must deviate from the market indexes. As a result, almost all good managers go through extended periods of underperformance. Almost all investors run away from managers who underperform.



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