Top 10 Lessons from The Little Book That Still Beats the Market by Joel Greenblatt
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1. Focus on investing in companies that are undervalued by the market, but have strong financial metrics.
2. Greenblatt emphasizes the importance of using a quantitative approach to stock selection, such as his "Magic Formula" which looks for companies with high returns on capital and high earnings yield.
Top 10 Takeaways from The Intelligent Investor, by Ben Graham (Warren Buffett's idol)
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1. Investing is a long-term game, and it is important to focus on the long-term growth potential of a company rather than short-term fluctuations in the stock market.
2. Diversification is key to reducing risk in an investment portfolio.
Spread investments across different industries and sectors to mitigate the impact of any one investment performing poorly.
1. The Agricultural Revolution was a major turning point in human history, as it led to the creation of civilizations and the rise of social hierarchies.
2. The invention of money and the creation of the modern financial system have had a profound impact on human society.