The Secret by Rhonda Byrne introduces the concept of the law of attraction, which suggests that positive thoughts can attract positive outcomes in life. The book outlines a three-step process: ask, believe, and receive. Byrne emphasizes the importance of gratitude, visualization, and maintaining a positive mindset to achieve one's desires. The book covers various areas such as prosperity, relationships, health, and happiness, and includes examples and quotes from historical and modern-day teachers who have allegedly used this principle to achieve their goals[2][3][5].
In *Common Sense*, Joel Greenblatt presents an investor's perspective on creating a more equitable economy. He proposes disruptive solutions to issues like education inequality, immigration reform, and banking regulation, aiming to spark meaningful conversations about economic growth and opportunity. Greenblatt draws on personal experiences and external insights to advocate for immediate changes that can benefit everyone.
This book provides a highly accessible guide to the stock market, focusing on special situations that portfolio managers and investment experts often miss. It includes case studies, important background information, and tools for individual investors to exploit opportunities in areas like spin-offs, restructurings, merger securities, rights offerings, recapitalizations, bankruptcies, and risk arbitrage. Greenblatt, who has been beating the Dow with returns of 50 percent a year for over a decade, shares his expertise to help readers become successful stock market investors.
In this book, Joel Greenblatt provides a straightforward and accessible guide to value investing. He introduces a 'magic formula' that helps investors identify and purchase good businesses at below-average prices. The formula, explained using simple math and humor, has been extensively tested and proven to be effective in beating the market and professional managers. The book also explores why success often eludes individual and professional investors and why the formula remains viable even after widespread knowledge of it. Updated editions include data and analysis from the recent financial crisis and model performance through 2009[2][3][4].
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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