Evolving Investment Strategies: From Cheap Stocks to Quality Businesses

This chapter explores the evolution of investment strategies, highlighting the importance of investing in high-quality businesses over merely cheap stocks. Through a case study of Moody's, the speaker emphasizes understanding a company's strengths, drawing parallels with renowned investors like Buffett.

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IN THIS EPISODE, YOU'LL LEARN:

How Joel Greenblatt crushed the market by making big, bold bets on cheap stocks.
How a freak investment disaster taught him never to forget that bad things happen.
Why he believes that the greatest investors tend to have “a screw loose.”
How he handles the emotional pain and stress of investing.
Why he never bought Bitcoin—and has no regrets about it.
How he made a killing by studying Warren Buffett’s purchase of Coca-Cola stock.
Why he admires Buffett even more after spending time with him in person.
Why Greenblatt still believes in his “magic formula” for picking cheap and good stocks.
Which exceptional businesses he owns for the long term in his personal stock portfolio.
Why he feels “blessed” and “lucky”—and owes it to society to share his good fortune.
What career advice and investment books he’s given to his five children.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joel Greenblatt’s mutual fund company, Gotham Funds.
Joel Greenblatt’s best-selling classic The Little Book That Still Beats The Market.
Stig and Preston discuss Joel Greenblatt’s book You Can Be a Stock Market Genius.
Joel Greenblatt’s Magic Formula Investing website.
Joel Greenblatt’s network of charter schools, Success Academy.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.
William Green interviews Tony Robbins on RWH001: The Life Force Revolution.
William Green interviews Ray Dalio on WSB410: The Changing World Order.

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