On this episode of Chit Chat Stocks, we research Joel Greenblatt and what we can learn from the investor who put up 50% annualized returns before fees for Gotham Capital. We discuss:
(02:55) Who is Joel Greenblatt?
(08:34) Gotham Capital's Performance
(11:36) Special Situations Investing
(12:34) Understanding Spin-Offs
(19:30) Mergers and Arbitrage
(23:35) Bankruptcies and Restructurings
(32:35) Recapitalizations, Options, and Leaps
(36:19) Understanding the Little Book: Quality Stocks at Cheap Prices
(41:11) Screening for Value: EV to EBIT and ROIC
(49:13) The Magic Formula: Combining Quality and Value
(57:59) Lessons from Joel Greenblatt: Complexity and Homework
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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.
