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.

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.

Joel Greenblatt, famed for his investment genius, shares lessons on learning from mistakes and adapting in turbulent markets. Howard Marks emphasizes the need for caution to avoid ruin, while Bill Miller offers strategies for weathering brutal losses. François Rochon highlights the importance of emotional resilience and independent thinking in investing. Together, they explore how to navigate uncertainty, improve decision-making, and capitalize on the emotional swings of the market for successful investing.

Trey Lockerbie chats with Joel Greenblatt, a legendary investor and professor at Columbia University. They delve into Greenblatt's investment philosophy and the balance between concentrated and diversified portfolios. He shares insights on position sizing, emphasizing risk management in investment decisions. The conversation also touches on the impact of low interest rates on stocks and the importance of knowing your circle of competence. Greenblatt's recent book 'Common Sense' is highlighted as a guide for practical investing.

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.

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.

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.

In this discussion, Joel Greenblatt, managing partner at Gotham Asset Management and author celebrated for his value investing strategies, dives into the current stock market landscape and the increasing participation of young investors. He shares insights on finding value in today’s volatile market and tackles the complexities of taxes and loopholes. The conversation also highlights major tech companies’ responses to the Ukraine conflict and introduces Backbone, an innovative startup revolutionizing mobile gaming.

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.