Joel Greenblatt’s Investing Philosophy

Trey Lockerbie is joined by legendary investor, Joel Greenblatt. Joel is the managing director and Co-CIO of Gotham Capital, which has produced spectacular returns for over 3 decades.

He is also the author of investing classics like The Little Book that Beats the Market, and You Can Be a Stock Market Genius. On top of that, he is a professor at Columbia University, where he teaches value investing to MBA students.

📖 BOOKS MENTIONED:

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😁

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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[TheInvestorsPodcastNetwork]

Hey guys, what are your key takeaways from this episode?

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[emilgrimming]

"The little book that beats the markets" is one of my favourite investment books of all time. This episode was awesome!

[eljardindeaura]

Great interview. It’s ALWAYS great to hear an interview with Joel Greenblatt! Just listened to it for the second time.

[mr.g]

Yes it’s one of the best books written about investing. Thanks for this great podcast. 👍

[raghvinderjoshi]

Amazing and simplified for all types of investors.

[bobbysahye]

I love Joel and his honesty.He is a real asset not for only the value investing but the whole investing community.There are incredibly very few people with this kind of skills and knowledge.

[coachbrendan]

41:30 is probably one of the key take-aways: Buy a company gushing cash, that will beat a 6% risk free rate (adjusted with a risk premium that he talked about earlier), growth over time, and a good franchise. Classic Buffett really!

And thanks TIP - you guys are top level!

[miguelpujante]

This was pure gold, thank you so much for putting out this type of content

[cz]

This channel is pretty much undervalued!

[teamvigod]

How does his strategy hold up today? I just checked his total return fund at Gotham and it is getting destroyed by the S&P 500 index over 3 years (64% vs 11%) and 5 years (102% vs 35%). Also the index killed this fund over lifetime by 90 percentage points as of 2/21/22.

I'm a fan of Joel's and bought and read most of his books. Super smart guy. I enjoy his writing and seminars. The methodologies all make logical sense but his early success he admits was special situations. I'm not sure how well his strategy has worked in the last decade or will work going forward. I mean the returns for the Gotham total return fund was truly destroyed by the S&P.

[pratikkodial]

Joel’s one of the best investing teachers in current times and his teachings will last the test of time well after him in my opinion. Love listening to you and have read all your books. Great chat!!

[JD-imwu]

great interview i agree with him on a lot... y? because... "Common sense". i thought i was "odd" for not wanting to invest in ALI BABA when all the heavy hitters from Munger to Monish getting into it but I just couldn't make sense of putting my money into a Chinese Stock where corruption is the standard and anything goes. The risk to me was too high for the reward when you have better options. To me even owning Amazon at its high p/e ratio makes more sense then BABA. So as much as I love Monish way of investing... he seems to not care too much on investing into higher risk nations (china and other emerging markets). Thats just not my cup of tea past performance doesn't guarantee future returns and it seems that China's growth rate is headed towards turbulence ahead... it would be scary to own a stock there and the govt just cannibalizes and nibbles on them as they did with BABA.

[stockthesis]

Joel's book -You could be a Stock Market Genius was a useful read, i know he criticizes it here and perhaps it's not the first book to read if your trying to learn investing basic but it does do a good job of going through special situations that alot of other value investing books do not cover.

[davorsostaric]

great video. You have a new subscriber :)

[sharesuccess]

Australia is Leading the world in Super!

[wenbinyang]

Didn't get his points in first 15 min. So I gave up. Just a show-off talk I feel

[webguyz]

can you delete the spam comments? they mislead and rip people off

[TomRauhe]

Step 1: choose something you understand
Step 2: Choose something that doesn't change at its core every other day
Step 3: choose something that's limited
Step 4: choose something that isn't in centralised control of anyone
Step 5: invest in Bitcoin

[jyothiryali]

The podcasters voice sounds like it is coming out from a well. Please adjust your echo effect. I listened to other podcasts too. Same problem

[BlergleslinkVettermoo]

Good podcast, but the Introductory "You're listening to T.I.P." may well be one Earth's top ten unpleasant sounds. It is the vocal equivalent to a thousand fingernails screeching across a chalkboard.