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The little book that beats the market, Talks at google, Joel Greenblatt
— nfwyt, quest-for-wealth — 1 min read
- How relatively this business is cheaper to similar businesses
- Be patient, follow the strategy. Last man standing is patience. We call it time arbitrage
- Beating the market is about getting more returns than index funds
- Concentrated portfolios lose about 20% - 30% every 2-3 years.