Tag Archive

In his recent interview with TWIS, Joel Greenblatt discusses how investors suspend common sense. Here’s an excerpt from the interview: Greenblatt: You talked about momentum. If you just take a concept like momentum, which has worked for the last 30/40 years on average, not just the United States but across … Read More

In this value investing masterclass, Joel Greenblatt discusses the two types of businesses investors should own. Here’s and excerpt from the masterclass: Greenblatt: The two types of businesses we like to see… I mean there’s two ways to get a high return on tangible capital. One is you don’t need … Read More

In this interview on The Investor’s Podcast, Joel Greenblatt discusses how to think about position sizing. Here’s an excerpt from the interview: Most people say, oh I took a 10% position. I took a 20% position. Oh I’d never take a 30% position and I don’t think that’s the right … Read More

In his latest interview with CFA New York, Joel Greenblatt discusses how to avoid value traps that appear to have a good margin of safety. Here’s an excerpt from the interview: Greenblatt: We even like better high return on tangible capital businesses that can reinvest lots of money at those … Read More

In his book – You Can Be A Stock Market Genius, Joel Greenblatt discusses the optimum number of positions to hold in your portfolio. Here’s an excerpt from the book: The strategy of putting all your eggs in one basket and watching that basket is less risky than you might … Read More

In his book – The Big Secret, Joel Greenblatt recommends enterprising investors should focus on small-cap stocks. Here’s an excerpt from the book: Nevertheless, investing in small stocks still has some major advantages over investing in larger-cap companies. These stocks, because of their smaller size, are subject to less research … Read More

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

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

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

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

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

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

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

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