In Joel Greenblatt’s book – The Big Secret, he discusses how market-cap-weighted index funds guarantee investors own less bargain priced stocks. Here’s an excerpt from the book: Buffett considers Graham’s contributions with regard to the idea of investing with a large margin of safety and the metaphor of viewing stock … Read More
Joel Greenblatt: Ignore Traditional Value Investing Metrics When It Comes To FANMAG Stocks
In his recent interview on the Finance Simplified Podcast, Joel Greenblatt discussed ignoring traditional value investing metrics when it comes to FANMAG stocks. Here’s an excerpt from the interview: Greenblatt: Yeah I think what we talked about before is really relevant here. There is no growth investing and value investing, … Read More
Joel Greenblatt: To Quote Animal House – Knowledge Is Good
His his recent Felix Zulauf Webinar with Barry Ritholz, Joel Greenblatt was asked about hedge funds hiring untested bulls who haven’t seen downturns. Here’s an excerpt from the webinar: There really is no advantage to hiring untested bulls I would say except in this environment over the short term it’s … Read More
Joel Greenblatt: Forget All The Verbiage Around Value Investing
In his latest interview on the Finance Simplified Podcast, Joel Greenblatt discusses how he simplifies his valuation process, despite all the verbiage around value investing. Here’s an excerpt from the interview: The way I look at it is… a private equity investor. Private equity firms buy entire businesses. And that’s … Read More
Joel Greenblatt On Meeting Warren Buffett
In this interview on The Knowledge Project Podcast, Joel Greenblatt discusses what is was like to meet his idol Warren Buffett. Here’s an excerpt from the interview: I don’t know if he was the wealthiest guy in the world at that time, or top three, or whatever, he might have … Read More
Joel Greenblatt’s Top 10 Holdings (Q1 2021)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Joel Greenblatt: Why Spinoffs Provide Attractive Returns For Shareholders
In his book – You Can Be A Stockmarket Genius, Joel Greenblatt discussed why spinoffs provide attractive returns for shareholders. Here’s an excerpt from the book: Another reason spinoffs do so well is that capitalism, with all its drawbacks, actually works. When a business and its management are freed from … Read More
Joel Greenblatt: What Makes A Great Investor
In his latest interview on The Knowledge Project Podcast, Joel Greenblatt discussed what makes a great investor. Here’s an excerpt from the interview: (3:09) I think it’s a combination of a few things. But one it’s really just the thought process. Can they make it simple. Can they really explain … Read More
Joel Greenblatt: I’m Excited About The Value ‘Opportunity Set’ Going Forward
In his latest value investing masterclass with Rich Pzena, Gotham’s Joel Greenblatt provided some statistics on why he’s excited about value as an ‘opportunity set’ going forward. Here’s an excerpt from the masterclass: Greenblatt: I can add a little color with some numbers to tell you what the froth is … Read More
Value Investing Masterclass: Greenblatt & Pzena – Excess Financial Leverage And Value Investing are Not Good Bedfellows
In their recent Value Investing Masterclass, Rich Pzena and Joel Greenblatt discuss all things value investing including their days spent worked together on a Ben Graham paper in college. During the interview Rich Pzena also discusses his thoughts on why value investing and excess financial leverage are not good bedfellows. … Read More
Joel Greenblatt Top 10 Holdings (Q4 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Joel Greenblatt: Which Is Better? A Concentrated Or Diversified Portfolio
In his latest interview on The Investors Podcast, Joel Greenblatt discussed the benefits of running concentrated and diversified portfolios. Here’s an excerpt from the interview: That was the very first test we did was that, but it also set off a light bulb, my partner, Rob Goldstein, and I in … Read More
Joel Greenblatt: It’s Not Only What’s In Front Of You Today But What Might Be In Front Of You Six Months From Now
In his recent interview with Howard Marks on Real Vision, Joel Greenblatt discussed the impact of interest rates on asset prices, whether this time is different, how accounting has not kept up-to-date with today’s business models, and the importance of maintaining a margin of safety. Here’s an excerpt from the … Read More
Joel Greenblatt’s Top 10 Holdings (Q3 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Joel Greenblatt: The Only Good Market Call I’ve Ever Made
In his latest interview with Ted Seides on the Capital Allocators Podcast, Joel Greenblatt relays a story about the only good market call he ever made in his career. Here’s an excerpt from the interview: Q: Over that decade, did you have any positions that really went awry in terms … Read More
Joel Greenblatt: Investors Should Focus On Causation Not Correlation
In his recent interview with Barry Ritholtz on The Masters In Business Podcast, Joel Greenblatt discussed his not-for-profit charter school, alternative credentials, too big to fail banks, and why investors should focus on causation not correlation. Here’s an excerpt from the interview: RITHOLTZ: Let’s pivot to your bread and butter … Read More
Joel Greenblatt: Growth Stocks Like Amazon Can Also Be Value Stocks
Here’s a great interview with Joel Greenblatt on the Money Life with Chuck Jaffe Podcast discussing his definition of value investing and why ‘growth’ stocks like Amazon can also be value stocks. Here’s an excerpt from the interview: Greenblatt: Stocks are ownership shares of businesses that you value and try … Read More
Joel Greenblatt’s Top 10 Holdings (Q2 2020) – Plus Top Buys & Sells
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Joel Greenblatt: Out-Of-Favor Stocks Will Make A Comeback
In his recent interview with Consuelo Mack at WealthTrack Joel Greenblatt believes out of favor stocks will make a comeback saying: Value has taken it on the chin over the last pile of years. It’s very interesting. I was looking back at the returns from Gotham Capital when I was … Read More
Joel Greenblatt: Top Buys, Top Sells (Q1 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More