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Posting a letter and getting married [sic] are among the few things left that are entirely romantic; for to be entirely romantic, a thing must be irrevocable

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David Einhorn

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.

Jobs, Leave, Money, Names, Says, Wife
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As an investor my job is to figure out what will happen rather than what should happen.

Jobs, Figures, Should, Job, Investor, Happen

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.

Book, Mean, Simple, Simplify, High, Popular

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

Analysis, Bad, Loss, Luck

In the real world, illiquid assets carry a discount.

Real, World, Assets, Carry, Illiquid

You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.

Certain, Facts, Looking, Psychological, Set, Situations
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