Sunday, February 20, 2011

The courage to invest differently

Be different
“The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view.”
 --- Ledgary Hedge Fund Manager Michael Steinhardt

Be a critical thinker
“You can’t be a good value investor without being an independent thinker—you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value.”
--- Joel Greenblatt

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