Joel Greenblatt
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average rating: 3.81 / 120 ratings
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Date updated:11-29-2007
Greenblatt is the author of You can be a stock market genius (one of the best investment books ever) and The Little Book that beats the maret. His books and his investing style focus on value investing and special situations investing.
He's also a focus investor. Currently he owns only 4 stocks with the bulk of that in just two: WMT and ARO. He currently has $45mm under management. His track record according to reports is 30.8% per year over the past 20 years.
From wikipedia:
"His latest book refers to an investment strategy of "Magic Formula Investing", which is a fancy name for a simple formula for determining which stocks to buy: "cheap and good companies" with a high earnings yield and a high return on capital. He touts the success of his magic formula in his book The Little Book that Beats the Market, citing that it does in fact beat the market 96% of the time, and has averaged a 17-year annual return of 30.8%[2]. However, to earn 30.8% per year requires more than the quantitative approach outlined in his book. An investor has to make judgement calls about which stocks to buy and sell."
Greenblatt has also been extensively involved in charity towards education.
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Q.
In updating today's Stocks With ...
11.25.09 | 18:11 PM Asked by
Stockpickr Staff #2
A. Only a guess but the fate of the company
seems as though it is subject to the
outcome of a court ruling which could
very well be based political forces in
play . . . no different than how GM had
been manhandled when it was revamped by
the Obama administration. . . Thought
being that the puts represent someone
from one side or the other feeling
secure in their 'bet'.
Having said that, with a high debt
ratio, having such an extremely high run
up in stock price in the past 12 months
and good news baked in on the
possibility that a military contract may
be in hand, to short does not appear,
imo, to be wildly out of favorable
consideration. . . if only for a small
wager.
Q.
Steel....playing catch up now. ...
03.24.09 | 11:34 AM Asked by
dgbkr
A. The only one I own : SLX,
too hard pick a winner out all of them
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02/23/2007 12:40 PM CST Asked by magician
This portfolio has been rated here 76 times and has an average rating of 3.76.
Unbelievable!
The average correlation of returns over the last nearly 5 years is over +36%; that's way too high. In short, any mix of these 4 stocks is far riskier than it needs to be for the returns it generates.
02/23/2007 01:46 AM CST Asked by tweakie
His hedge fund is geared more towards special situations rather than his formula.
12/02/2006 15:51 PM CST Asked by The Naked Put
with all due respect most of these equities don't seem to fall into the Greenblatt model of high earnings yields and high return on capital. AZO and WMT might be Greenblatt picks but the others I'm just not understanding.