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.
Please give us some insight on t...
02.09.10 | 17:15 PM Asked by
Larry in Dallas
A. While I am sure there are various
reasons for a sell off of any particular
stock, there are two things worth
mentioning:
1. Day traders: One of the rules common
to day trading is to be all cash at the
end of the day. As a result, many day
traders cash out of their trading
positions toward the end of the day so
they are ready to go back to the battle
the following morning.
2. I do not know that this would be the
last 30 minutes, but margin calls could
potentially cause some selling if it is
needed to make up any shortage in the
margin (in other words, if you are
required to hold 15% and you could
borrow 85% the value of a security, and
the stock price change during the day
made it to where you were borrowing 90%,
then some shares would need to be sold
to make up the difference).
I hope that helps... I am sure others
can shed far more light than I.
William
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.