In his presentation to the folks at Google, Joel Greenblatt emphasized the importance of patience in successful investing saying: “The last man standing is patience. We call it time arbitrage. Other people call it time arbitrage– just being patient. That’s in really short supply, and it’s not getting better. Things … Read More
Joel Greenblatt: It Will Always Be Possible To Beat The Market, Here’s Why
Here’s an excerpt from a great interview between Joel Greenblatt and Howard Marks in which Greenblatt illustrates why it will always be possible to beat the market, saying: This is what I tell my students and most of my students are around 27ish or something like that. I tell them … Read More
Joel Greenblatt: Investors Should Search For Companies That Achieve A High Return On Capital
Here’s a great excerpt from Joel Greenblatt’s book – The Little Book That Beats The Market, in which he discusses the importance of finding businesses that can achieve a high return on capital, saying: But here’s the thing. If capitalism is such a tough system, how does the magic formula … Read More
Joel Greenblatt: Selling: Know When To Hold ‘Em, Know When To Fold ‘Em
Here’s a great excerpt from Joel Greenblatt’s book – You Can Be A Stock Market Genius, on when is the right time to sell a stock, saying: This is probably as good a time as any to discuss the other half of the investment equation—when to sell. The bad news … Read More
Joel Greenblatt: Here’s Why A Concentrated Portfolio Makes Sense
Here’s a great excerpt from Joel Greenblatt’s interview on Masters in Business in which he provides a great example of why a concentrated portfolio makes sense, saying: GREENBLATT: Right, well Warren Buffett has a good response to that as well. You know he says listen let’s say you sold out … Read More
Joel Greenblatt – Top 10 Holdings Q12019
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Joel Greenblatt: Q4 2018 Top 10 Holdings
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 – If You Do Good Valuation Work The Market Will Agree With You Eventually
Here’s a great recent interview with Joel Greenblatt at CNBC discussing value investing and the one promise that he makes to his new value investing students at Columbia University, saying: We value businesses like we’re a private equity firm. That’s what stocks are. They’re not pieces of paper that bounce … Read More
Joel Greenblatt – Great Value Investors Need To Be Cold Hearted JellyBean Counters
Here’s a great video with Joel Greenblatt at the CFA’s Distinguished Speaker Series. During the presentation Greenblatt recounts the story of how he was able to explain the stock market and value investing to a ninth grade class, using a big jar of jellybeans. Greenblatt says: I have a friend … Read More
Joel Greenblatt: Q3 2018 Top 10 Holdings
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: Redefining ‘Traditional’ Value Investing So That It Never Goes Out Of Favor
Here’s a great interview with Joel Greenblatt at Bloomberg in which he discusses the types of businesses he’s currently looking for and how he’s redefined the ‘traditional’ value investing strategy so that it never goes out of favor’ Here’s an excerpt from the interview: We try to stick to companies … Read More
Joel Greenblatt: Today’s Opportunity Set Is Significant
We’ve just finished reading Joel Greenblatt’s Q318 market commentary in which he says: U.S. Equity Markets Remain Very Expensive (based on our 28 year valuation history) Valuations are high Markets are speculative The Large Disparity Between Growth & Value has continued Outperformance of growth and momentum driven indexes over value … Read More
Joel Greenblatt: 17 Books That Every Investor Should Read
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor Should Read Bill Ackman: … Read More
Joel Greenblatt: Top 10 Holdings, New Buys, Sold Out Positions
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 Says Opportunity Is There If You Know How to Value Businesses
Here’s a great interview with Joel Greenblatt speaking to Erik Schatzker at Bloomberg Markets. Greenblatt discusses active versus passive investing and some of the reasons why he still believes active investing is the better option saying: “I was asked to give a speech at Google last year and I started it … Read More
Joel Greenblatt: You’re Not Likely To Be The Next Buffett Or Lynch. Figuring Out Which Businesses Are The Great Ones Is The Tough Part
One of the best investing books ever written was – You Can Be A Stock Market Genius, by Joel Greenblatt. It’s a must read for all investors. There’s one passage in particular in which Greenblatt discusses the difficulty of making investment decisions like Warren Buffett or Peter Lynch saying: “The … Read More
Joel Greenblatt – The 3 Golden Rules Of Successful Value Investing
Here’s a great article published at Forbes recently regarding one of our favorite value investors, Joel Greenblatt. The article is written by Jack Schwager, author of the Market Wizards series, in which he recounts his interview with Joel Greenblatt for one of his books. Schwager recalls some of the insightful parts of the … Read More
Acquirer’s Multiple Stocks Featuring In Watsa, Greenblatt, Simons Portfolios
One of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our All Investable Stock Screener and some top investors that have added, or are holding these same picks in their portfolios. Investors such as Joel Greenblatt, Jim Simons, Prem Watsa, Jeremy Grantham, and Howard … Read More
Joel Greenblatt – Individual Investors Can Beat Professional Investors, Here’s How
A lot of individual investors mistakenly believe that it’s impossible to beat the results achieved by professional investors. This could not be further from the truth according to Joel Greenblatt in his great investing book – The Big Secret for the Small Investor. Greenblatt illustrates how small investors can outperform … Read More
Superinvestors Agree That Business Schools Don’t Make You A Better Investor
While a lot of investors believe that a good finance course at one of the world’s most prestigious business schools is a sure-fire way to becoming a better investor, it seems that some of the greatest investors disagree. Here’s what Buffett, Munger, Greenblatt, Pabrai, and Lynch have to say about … Read More