The Knowledge Project #111 Joel Greenblatt: Investing Made Simple
36 snips
May 18, 2021 
Join renowned investor Joel Greenblatt, Managing Principal at Gotham Asset Management and author of influential investment books, as he shares his insights on investing. He explains the crucial difference between luck and skill in the market and discusses the traits of successful management teams. Joel reflects on lessons from Warren Buffett regarding capital allocation and emphasizes the significance of alternative certifications in diversifying the workforce. This engaging conversation is packed with practical wisdom for both seasoned and aspiring investors.
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In-Laws' Auction Strategy
- Joel Greenblatt's in-laws found success buying undervalued paintings at auctions.
- Their strategy focused on price discrepancies rather than predicting future artistic greatness.
Ted Turner and MGM
- Joel Greenblatt profited from Ted Turner's MGM purchase by analyzing the situation differently.
- He bought undervalued preferred stock, recognizing Turner's strategy and the deal's underlying value.
Path to Investing
- Joel Greenblatt's interest in investing stemmed from a Forbes article about Ben Graham.
- He realized that market fluctuations didn't align with efficient market theory, sparking his interest in value investing.
