Joel Greenblatt Discusses the Thrill of Investing
Masters in Business
00:00
Operating Leverage - What I Learned From My Worst Investment
I was shorted one thing and bought another. I actually paid $3 for something that I was immediately going to get $6 for. The trade show company had plenty of space in Las Vegas, if they got more clients to display at their trade show,. They could just rent more space for $2 and resell it for $62. That's generally called operating leverage. On the way up, like financial leverage, it's a lot of fun. But on the way down, operating leverage on theway down is not very much fun.
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