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We Study Billionaires - The Investor’s Podcast Network
TIP136: Joel Greenblatt - You Can Be A Stock Market Genius (Business Podcast)
Apr 30, 2017
Joel Greenblatt, a renowned professor at Columbia Business School and a master value investor, shares his investment genius. He explains how to spot stocks with a $5 upside versus a $1 downside and dives into making profits from spin-offs and merger arbitrage. Greenblatt demystifies call options and discusses corporate restructurings, revealing how they can expose hidden value. With practical examples, he equips listeners with strategies to enhance their investing prowess, all while making complex ideas accessible and enjoyable.
53:03
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Quick takeaways
- Joel Greenblatt emphasizes the significance of managing a well-diversified portfolio with only eight carefully chosen stocks to minimize risk.
- He reveals unique investment opportunities arising from special situations like spinoffs and bankruptcies, which can yield substantial returns when approached strategically.
Deep dives
The Master of Value Investing
Joel Greenblatt, a renowned professor at Columbia Business School, is celebrated for his exceptional returns in value investing during his tenure managing Gotham Capital, where he achieved an astounding average return of 50% over ten years. His investment philosophy draws heavily on the principles espoused by legends like Warren Buffett and Benjamin Graham, showcasing his deep understanding of market dynamics. Greenblatt is particularly noted for his 'magic formula' for investing, which advocates for purchasing undervalued stocks that display high earnings yield and high return on capital. This approach has shown to outperform the market 96% of the time, emphasizing the potential effectiveness of value-based investment strategies.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode