#111 Joel Greenblatt: Investing Made Simple

The Knowledge Project

Shane Parrish

Society & Culture, Technology, Business

4.7 • 3K Ratings

🗓️ 18 May 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	At the end of the day, I try to boil things down to make it very simple.
0:04.6	As Buffett would say, you don't have to swing it every pitch.
0:08.0	You can swing it at one of 20 pitches, but as long as you do a good job with that one,
0:12.1	it doesn't matter that you missed out on them.
0:13.8	So I knew what I was thinking.
0:15.7	And I just waited for easy, simple pitches to hit, something of my sweet spot.
0:20.7	And then that's pretty easy to explain.
0:22.6	And I just waited for the easy ones.
0:39.8	Welcome to the Knowledge Project.
0:41.3	I'm your host, Shane Perish.
0:43.6	This podcast sharpens your mind by helping you master the best foot other people have already
0:47.2	figured out.
0:48.6	If you're listening to this, you're not currently a supporting member.
0:52.0	If you'd like special member only episodes, access before anybody else, transcripts,
0:57.5	searchable transcripts across all the shows, and other member only content, you can join
1:02.1	it at fs.blog slash podcast.
1:05.1	Check out the show notes for Link.
1:07.9	Today I'm speaking with famed investor Joel Greenblatt.
1:11.5	Joel has one of the best track records in investing, and he's the author of a number of books
1:15.8	about investing, including the little book that beats the market.
1:19.3	What we talk about investing, distinguishing between luck and skill, traits of successful
1:24.0	management teams, stock options, what he wishes management teams knew, and so much more,
	...

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