The Knowledge Project with Shane Parrish #111 Joel Greenblatt: Investing Made Simple
36 snips
May 18, 2021 
Join renowned investor Joel Greenblatt, Managing Principal at Gotham Asset Management and author of influential investment books, as he shares his insights on investing. He explains the crucial difference between luck and skill in the market and discusses the traits of successful management teams. Joel reflects on lessons from Warren Buffett regarding capital allocation and emphasizes the significance of alternative certifications in diversifying the workforce. This engaging conversation is packed with practical wisdom for both seasoned and aspiring investors.
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Evaluating Investors
- Evaluate investors by their thought process and passion.
- Look for simplicity in explaining investment rationale and genuine interest in the process.
Simple Investing
- Seek simplicity and obviousness in investment ideas.
- Wait for easy pitches in your sweet spot, as advised by Warren Buffett.
In-Laws' Auction Strategy
- Joel Greenblatt's in-laws found success buying undervalued paintings at auctions.
- Their strategy focused on price discrepancies rather than predicting future artistic greatness.
