Joel Greenblatt Portfolio - Stockpickr! Your Source for Stock Ideas

Joel Greenblatt

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TheStreet.com Rating: C+

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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.

As of 9/30/07

WMT
Wal-mart Stores
$49.93
0.00%
$50.38

No Analysis added

People owning WMT also tend to own: ABT DGX EPD FMD GSK JNJ JOSB

TheStreet.com Rating: B What is this?

AXP
American Express
$24.71
0.00%
$24.80

No Analysis added

People owning AXP also tend to own: AIG ALL BAC BRK-B C COF FNM

TheStreet.com Rating: C What is this?

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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.

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