Investment Philosophy: Focus on U.S. Markets and Circle of Competence

In this chapter, the speaker shares their investment philosophy, favoring U.S. stocks while stressing the need for expertise in international markets. They caution against investing in countries like China due to governance issues and emphasize the significance of knowing one's circle of competence in various asset classes.

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Trey Lockerbie is joined by legendary investor, Joel Greenblatt. Joel is the managing director and Co-CIO of Gotham Capital, which has produced spectacular returns for over 3 decades.

He is also the author of investing classics like The Little Book that Beats the Market, and You Can Be a Stock Market Genius. On top of that, he is a professor at Columbia University, where he teaches value investing to MBA students.

IN THIS EPISODE, YOU'LL LEARN:

Joel Greenblatt’s investing philosophy
The case for diversification as well as
The case for a concentrated portfolio
How Joel thinks through position sizing
And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Gotham Funds: Funds
The Little Book That Beats the Market: Amazon
You Can Be a Stock Market Genius: Amazon
The Big Secret: Amazon
Common Sense: Amazon
The Value Investors Club: Website
The Magic Formula: Website

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