TIP136: Joel Greenblatt - You Can Be A Stock Market Genius (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 30 April 2017

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

How to take positions in the market with a $5 upside and a $1 downside.
How to make money in spin offs.
How to make money in risk arbitrage and merger securities.
How call options work.

BOOKS AND RESOURCES

Joel Greenblatt’s book, You Can Be a Stock Market Genius – Read reviews of this book.
Joel Greenblatt’s book, The Little Book that Beats the Market – Read reviews of this book.
Preston and Stig’s interview with well renown investor Mohnish Pabrai.
Preston and Stig’s interview with Ed Thorp who literally invented option valuation.
Preston and Stig’s Intrinsic value course.

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Transcript

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0:00.0	You're listening to TIP.
0:02.4	All right. How's everybody doing out there?
0:04.3	So today we've got a really exciting episode for you.
0:08.4	We're going to be talking about a gentleman named Joel Greenblatt.
0:13.0	And for anybody who's not familiar with Joel Greenblatt,
0:16.2	he is a professor up at Columbia Business School,
0:20.0	but he's not only a professor,
0:22.3	he's actually a master at value investing.
0:27.1	And when I say a master, what I mean is he has had huge returns
0:32.4	whenever he had his fund actively run.
0:35.2	And so his fund, the fund that he ran back in the 80s and 90s
0:39.1	was called Gotham Capital.
0:41.4	And he started this fund in 1985.
0:44.2	And in his first year, he had a 70.4% return.
0:48.7	And I know that sounds absolutely insane.
0:51.4	And it is.
0:52.6	But he ran his fund for another nine years after the first year.
0:56.2	He had it open for a total of 10 years.
0:58.8	And here's some of his returns.
1:00.3	He had 53%, 29%, 64%, 31%, 31%,
1:06.9	and it goes on even had 115% in 1993.
1:10.7	And his average for that 10 years that he kept Gotham Capital open
	...

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