Chapter on Joel Greenblatt:
The idea of Simplicity. Complexity can be a seductive trap for clever people. They were rewarded at school for solving complex problems, so it's no surprise if they are drawn to complicated solutions when confronted by the puzzle of investing. But in financial markets, as in martial arts, victory doesn't depend on dazzling displays of esoteric techniques. It depends on a firm grasp of the principles of the game and a deep mastery of basic skills.
Don't buy more of companies that you can make most money on. Buy more of companies that you can't lose money on.
Buy good businesses at bargain prices.