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.
01:04:50
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Evaluating Investors
Evaluate investors by their thought process and passion.
Look for simplicity in explaining investment rationale and genuine interest in the process.
volunteer_activism ADVICE
Simple Investing
Seek simplicity and obviousness in investment ideas.
Wait for easy pitches in your sweet spot, as advised by Warren Buffett.
question_answer ANECDOTE
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.
Get the Snipd Podcast app to discover more snips from this episode
Uncover the Secret Hiding Places of Stock Market Profits
Joel Greenblatt
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.
The Little Book That Beats the Market
Joel Greenblatt
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].
Famed investor Joel Greenblatt is the Managing Principal and Co-Chief Investment Officer at Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in 1985. He’s also spent more than two decades on the adjunct faculty at Columbia Business School, and he’s the author of five books focused on investment strategy, including You Can Be A Stock Market Genius and The Little Book that Beats the Market. Joel and Shane discuss a wide array of topics, including the differences between luck and skill, stock options, traits of successful management teams, lessons learned from Warren Buffett and what Joel fears most about today’s stock market.
Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member only episodes, and more. https://fs.blog/knowledge-project-premium/
Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/
The Knowledge Project with Shane Parrish 
