There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You're never sitting there on the 40th page of your spreadsheet, as Buffett would say, agonizing over whether you should buy or not.
![There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be](http://cdn.quoteddaily.com/images/joel-greenblatt/theres-a-clarity-that-comes-with-great-ideas-you-can-easily-and-simply-explain-why-somethings-a-great-business-how.jpg)