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We Study Billionaires - The Investor’s Podcast Network cover image

TIP339: Common Sense Investing w/ Joel Greenblatt

We Study Billionaires - The Investor’s Podcast Network

NOTE

Importance of Margin of Safety and Future Investment Opportunities

The key insight is to always maintain a margin of safety when investing, using a risk-adjusted 6% rate as the benchmark for equity purchases. The focus is not on rigid rules about price ratios but on the potential for returns to exceed the risk-free rate. Additionally, considering future investment opportunities is crucial, as it may be more beneficial to wait and invest in better options that become available over time.

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