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We Study Billionaires - The Investor’s Podcast Network
TIP339: Common Sense Investing w/ Joel Greenblatt
Mar 7, 2021
Trey Lockerbie chats with Joel Greenblatt, a legendary investor and professor at Columbia University. They delve into Greenblatt's investment philosophy and the balance between concentrated and diversified portfolios. He shares insights on position sizing, emphasizing risk management in investment decisions. The conversation also touches on the impact of low interest rates on stocks and the importance of knowing your circle of competence. Greenblatt's recent book 'Common Sense' is highlighted as a guide for practical investing.
01:03:30
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Quick takeaways
- Joel Greenblatt's emphasis on managing risk over chasing high returns in investment strategy.
- Transition from a concentrated fund to diversified portfolio post-closure with focus on cheap and good businesses.
Deep dives
Joel Greenblatt’s Career Transition
Joel Greenblatt explains his career shift from contemplating law school to delving into investing influenced by Ben Graham's value investing principles. His early experiences and understanding of market inefficiencies led him to develop a successful investment strategy.
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Discover
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