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RWH003: How To Win The Investing Game w/ Joel Greenblatt

Mar 29, 2022

Joel Greenblatt, a successful hedge fund manager and author, shares his unconventional wisdom on investing. He explains how bold bets on undervalued stocks can lead to remarkable returns. A major investment failure taught him the unpredictable nature of markets and the importance of resilience. Greenblatt delves into his admiration for Warren Buffett and his own 'magic formula' for selecting quality stocks. He emphasizes the significance of family, partnerships, and his commitment to improving education through his charter school network, Success Academy.

01:33:13

Episode guests

Joel Greenblatt

Highlights

AI Chapters

Episode notes

What Happened to Florida Cypress Gardens?

02:17

Embrace Opportunities Amidst Adversity

01:29

Is the Magic Formula Still Effective?

04:33

Master Your Circle of Competence

01:15

Intro

2min

Investment Strategies and Competitive Advantage

6min

Navigating Investment Challenges

23min

Navigating Investment Opportunities and Financial Strategies

4min

Evolving Investment Strategies: From Cheap Stocks to Quality Businesses

3min

Lessons from Investing Icons

28min

The Power of Partnership in Investing

4min

Balancing Investment and Family Life

5min

Innovating Education for Success

19min

10.

Insights and Reflections on Winning the Investing Game

3min

IN THIS EPISODE, YOU'LL LEARN:

How Joel Greenblatt crushed the market by making big, bold bets on cheap stocks.
How a freak investment disaster taught him never to forget that bad things happen.
Why he believes that the greatest investors tend to have “a screw loose.”
How he handles the emotional pain and stress of investing.
Why he never bought Bitcoin—and has no regrets about it.
How he made a killing by studying Warren Buffett’s purchase of Coca-Cola stock.
Why he admires Buffett even more after spending time with him in person.
Why Greenblatt still believes in his “magic formula” for picking cheap and good stocks.
Which exceptional businesses he owns for the long term in his personal stock portfolio.
Why he feels “blessed” and “lucky”—and owes it to society to share his good fortune.
What career advice and investment books he’s given to his five children.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joel Greenblatt’s mutual fund company, Gotham Funds.
Joel Greenblatt’s best-selling classic The Little Book That Still Beats The Market.
Stig and Preston discuss Joel Greenblatt’s book You Can Be a Stock Market Genius.
Joel Greenblatt’s Magic Formula Investing website.
Joel Greenblatt’s network of charter schools, Success Academy.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.
William Green interviews Tony Robbins on RWH001: The Life Force Revolution.
William Green interviews Ray Dalio on WSB410: The Changing World Order.

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