When you leave a good job to go off on your own and don't expect to make money for a while, you name the firm whatever your wife says you should.

As an investor my job is to figure out what will happen rather than what should happen.

Ive got a fantasy-baseball team with my brother. But I have to admit, he does all the work.

When you leave a good job to go off on your own and don't expect to make money for a while, you name the firm whatever your wife says you should.

One of the best investors around, Joel Greenblatt, has written a popular, charming and funny book about investing in great companies at low P/E multiples. To simplify an already simple book, great companies are generally measured as companies that can generate lots of profit without requiring a lot of capital. This means that they have high ROEs.

What do you call a stock that's down 90%? A stock that was down 80% and then got cut in half.

The loss was not bad luck. It was bad analysis.