Sunday, April 12, 2015

A Conversation between Joel Greenblatt and Howard Marks

A great quote from Greenblatt during the conversation, which reminded me of the Kelly Criterion: "My largest positions are not the ones I think I'm going to make the most money from. My largest positions are the ones I don't think I'm going to lose money in."

Link to video


Related books:

The Little Book That Still Beats the Market

You Can Be a Stock Market Genius

The Most Important Thing Illuminated