Roger Fan, Chief Investment Officer at RF Capital Management, dives deep into Joel Greenblatt's investment strategies. They discuss the lucrative world of spinoffs and how they serve as ripe opportunities for mispricing. Fan highlights the importance of concentration in portfolios and shares his preferred special situations to invest in, including unique bankruptcy deals. They also explore case studies like Host Marriott and L'Occitane, revealing how strategy and market psychology can lead to significant investment success.