Common Sense Solutions to Societal Ills (w/ Joel Greenblatt and Ed Harrison)

With a phenomenal investment track record greater than perhaps even Warren Buffett and George Soros, Joel Greenblatt is renowned as one of the world's greatest investors in history. Yet recently, he has turned his gaze beyond markets to focus his attention on fixing problems in society, ranging from banking and retirement to education and even immigration. In this interview with managing editor Ed Harrison, Greenblatt discusses his common sense solutions to society's ills, using the same analytical framework that brought him tremendous success in the investment world. Greenblatt also shares his investment philosophy and current market outlook. Filmed on October 19, 2020.

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Common Sense Solutions to Societal Ills (w/ Joel Greenblatt and Ed Harrison)

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[g.c]

Very sensible solutions, someone in the government should listen to him.

[harmailsidhu]

Joel talking about getting people to save money @50:00 .. but the Fed and governments saying saving rate is too high and that we need more spending!!

[katherinetan]

Singapore’s CPF system is one of the best in terms of guarantee saving for housing, health care and retirement. Our founding father Mr Lee Kuan Yew knows the important of giving every citizen afforded housing and that solve so many social problems.

[bradycarpenter]

As a person on social security. I think it is important to point out that if you get like S.S.I. (Supplemental security income) or S.S.D.I. (Social security disability), you’re discouraged from having $2, 000 without it being counted as a resource and things that cost that much or more unless obtaining them through a loan🤔🤷🏻‍♂️ (talking about being able to save like it’s not discouraged. Don’t know if you really know what you’re talking about or talking out of your @$$€$🤔🤷🏻‍♂️🤪).

[jeffreyoneill]

For each immigrant what is the cost of infrastructure investment required to support them so the current resident population is not disadvantaged?

Is the USA spending that much so those currently living in the country are not seeing their quality of life to be eroded?

[sov]

I'll sum up in one sentence - take money from one pocket and put it in the other

[dpie]

Value investing in current market = Syntax Error

[blaketindol]

Community financial independence Database
- make a database that allows people with debt and not enough of a investment mass to live off of monthly dividends to sign up
- On the database interface they will verify mortgage/car/student loan debt so others don’t see
- Richer members of the community donate a small percentage of the monthly dividend income they receive to a randomly drawn member of the community that signed up to the database
- Each month the money will funnel though many rich community members to one verified member to receive help paying debt off then building a mass of financial investments such as equities that allow monthly dividend
- Once monthly dividend are high enough to sustain a minimum decided threshold the person is financially independent
- This person is hopefully now incentivized to do the same thing with their money giving a percentage of income from their monthly dividends
- The more people become financially free the faster other people become financially free
- This will lead to new busienss endeavors and community cohesion and community development projects
- Projects such as self sustainable food, energy, new roads and better education could exist though community self funding
- A dashboard of progress could be viewed by the community to see the state of financial independence
- Security or smart contracts could be encrypted with blockchain

[ForwardGuidance]

You can't ask large companies to hire young people that pass the cert pass but don't have a degree and also suggest the US needs to bring in skilled immigrants. Large companies will take the path of least resistance which is to hire people that already know. Joel wants too many things that completely counter each other. I couldn't get through lunch with this guy. Man, the more he talks the more I disagree, he is all about the money, wants to line his pockets with low wage immigrants.

[rd]

Doesn't think paying $40 per dollar of earnings is frothy...lost credibility there. Sorry i mean some of the valuations are ridiculous and will never be realized (Tesla) among others.

[jonathanvoshell]

How about we de-globalize? You live here not over there. Oh, right profit margins.😑

[DC-ssqj]

I do not agree with his point of view on immigration at all he should stay away from this topic, we wouldn't have Elon Musk following his guidance on immigration we wouldn't have any of those 15 companies in the S$P, wages outside the US are so ridiculous low it will take centuries to save 500k to 1m to come here and start a business, only the elites will afford that. Tell me how many companies in the S$P are from kids from elites family? None!!! I think we should reduce those standards and not rise them. When immigration becomes a big topic or problem that's when empire starts crippling. Im reading Lord's of Finance right now and everything repeat itself. Same issues same solution.

[jaleotech]

Find another interviewer the marbles in this guy's mouth are unbearable and voids the utility of every interview he does.

Interviewees are diminished every time. The sound is unbearable.