In this podcast, renowned investors Mohnish Pabrai, Tom Gayner, Joel Greenblatt, and Chris Davis share valuable lessons and personal experiences about investing legend Charlie Munger. Topics include Charlie's reading habits, his friendship with Warren Buffett, the importance of trust, learning from mistakes, structuring life to avoid weaknesses, and differences between Charlie and Warren. Hear fascinating insights about investing, business, and life from this inspiring and idiosyncratic character.

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. SPONSORSSupport our free podcast by supporting our sponsors: River Toyota Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS SimpleMining Sound Advisory Shopify AT&T BAM Capital HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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/ Follow Shane on twitter at: https://twitter.com/ShaneAParrish

William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty & handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors & with legends like Sir John Templeton, Peter Lynch, & Charlie Munger.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career. 12:06 - How to protect ourselves from uncertainty, bad luck, & our own analytical mistakes.12:49 - Why Howard Marks warns that you shouldn’t push the limits if you want to avoid ruin.14:48 - How Joel Greenblatt deals with mistakes by learning from them, then moving forward.28:08 - How Joel handles the “kick in the stomach” when an investment goes wrong.35:02 - How to succeed by taking advantage of the wild emotional mood swings of the crowd.38:30 - Why stock pickers must learn to value businesses, buy at a discount, & then wait.40:17 - How Bill Miller handles the discomfort of brutal losses during the most turbulent times.43:00 - What Bill advises regular investors to do so they can endure the pain of market mayhem. 44:33 - Why Howard Marks says we need to be honest about our tolerance for risk & loss.46:06 - How the best investors diversify or concentrate in ways that suit their temperament. 50:07 - Why Howard believes that “emotion is the greatest enemy of superior investing.”52:35 - How Sir John Templeton thrived by hunting for bargains in the most-hated markets.1:00:41 - Why Howard Marks thinks he was wrong to be a “knee-jerk skeptic” about Bitcoin.1:03:30 - How to safeguard against our own biases, hubris, & overconfidence.1:08:58 - Why François Rochon is convinced that it’s rational to be optimistic about the future.1:10:51 - What history shows about mankind’s extraordinary ability to find solutions to its problems.1:21:31 - Why Warren Buffett says that bad news is an investor’s best friend.1:23:23 - Why Buffett regards babies being born in America today as “the luckiest crop in history.”Disclaimer: Slight discrepancies in the timestamps 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. Listen to William's interview with Ray Dalio, The Changing World Order - TIP410, or watch the video. Listen to William’s interview with Joel Greenblatt, How to Win the Investing Game - RWH003, or watch the video. Listen to William’s interview with Bill Miller, Investing Legend Bill Miller on Amazon, Bitcoin, & Buffett - RWH007, or watch the video. Listen to William’s interview with Howard Marks, Investing Wisely In An Uncertain World - RWH002, or watch the video. Listen to William’s interview with François Rochon, The Best of the Best - RWH016, or watch the video. Berkshire Hathaway’s 2015 annual report, featuring Buffett’s optimistic view of the future. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on Twitter. SPONSORSSupport our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Monarch Money Meyka Simon & Schuster CI Financial Vacasa Long Angle Fundrise iFlex Stretch Studios American Express Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Every so often, I share my thoughts on investing on the other side of the mic. And occasionally, those ideas are different from what I’ve shared in the past. Recently, I appeared on the Opto Sessions Interviews with Extraordinary Investors podcast hosted by Haydn Brain. Opto identifies key themes and ideas to help investors get exposure to structural growth trends through a daily newsletter, magazine, and podcast. Hadyn asked me some great questions that cover the difference in retail and institutional investing, aspects of my professional experience, insights from my conversations with Sam Zell, Joel Greenblatt, Chamath Palihapitiya, Mike Novogratz, and Dan Rasmussen, investing for the long-term, and reflections on the Buffett Bet. Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership  Show Notes (3:11) Capital Allocators Mission (5:53) Ted’s background (10:16) Outperformance in the GFC (13:25) Insights in first book (16:40) Making Capital Allocators a success (19:41) Importance of contrarianism (23:26) Conviction for retail investors (29:54) Views on Buffett (35:02) Understanding digital assets (39:40) Themes for the next ten years (42:00) Thinking for the long-term (45:29) Summary of Ted’s bet (54:20) Closing questions 

Joel Greenblatt is managing director and co-chief investment officer at Gotham Asset Management, having co-founded Gotham in 1985. His written work includes the famous tome The Little Book That Beats the Market, published in 2005, which set out his ‘magic formula’ for private investors.In this interview, he speaks to Dan Jones about the relative cheapness of certain US shares, why he is still a fan of big tech, the origins of the magic formula and its usefulness for investors, and the prospects for the UK equity market.Timestamps:00:00 - Intro00:58 - Investment philosophy04:27 - Risk-free rate in 202306:00 - Are we in a 'normal' environment?13:40 - Knowing your 'circle of competence'17:06 - Value versus growth in the last decade20:40 - The magic formula27:03 - Cash flow versus EBIT 32:00 - The UK market36:23 - Company spin-offs39:35 - Conglomerates40:37 - Outro Hosted on Acast. See acast.com/privacy for more information.

Joel Greenblatt, a legendary investor and author, shares his wealth of knowledge from over 20 years at Columbia Business School and founding Gotham Asset Management. He emphasizes the importance of patience in investing, detailing how thorough valuation can lead to market recognition. Greenblatt discusses the active versus passive debate, stressing that passive investing suits those less equipped for in-depth analysis. He also highlights learning from investment mistakes and the significance of recognizing market inefficiencies for long-term success.

This podcast features past guests like Ed Thorp, Richard Thaler, Jeremy Grantham, and more discussing the challenges and benefits of diversified portfolios during market downturns, analyzing asset allocation performance against the S&P 500, and exploring strategies for global diversification and risk management in investing.

Buy Common Sense: The Investor's Guide to Equality, Opportunity, and Growth: https://rb.gy/metcfg FOLLOW Jason: https://linktr.ee/calacanis

Legendary value investor Joel Greenblatt shares his career journey, timeless investment beliefs, and more. Topics include managing his own money, diversified approach, Value Investors Club, seeding managers, and applying investment lessons to education.