This Week in Startups Joel Greenblatt on understanding market factors, improving public education, reducing income inequality & more | E1159
Jan 8, 2021
Joel Greenblatt, a renowned author and co-founder of Gotham Asset Management, dives into the intricacies of market dynamics and investor psychology. He discusses barriers to public market access and the importance of democratizing financing for entrepreneurs. The conversation shifts to pressing education reform strategies, highlighting innovative solutions like charter schools and income-sharing agreements. Greenblatt also critiques the current system's failures, offering thoughts on reducing income inequality and the need for new pathways in education and employment.
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Returning Outside Capital
- Joel Greenblatt returned outside capital at his firm, Gotham Capital, after 10 years of success.
- This allowed him to focus on the fun of investing without the pressure of managing others' money.
Harmful Daily Quotes
- Daily stock market quotes can be detrimental, creating emotional responses to short-term fluctuations.
- Focus on long-term value, not daily noise.
Holding Winners
- Avoid selling winners prematurely; let successful investments grow.
- Consider the long-term potential of a business, not just short-term gains.
