Joel Greenblatt, founder of Gotham Asset Management, talks about the investing principles that was able to help him achieve a 40% annual return during his career. Greenblatt is an American academic, hedge fund manager, investor, and writer. He is a value investor, alumnus of the Wharton School of the University of Pennsylvania, and adjunct professor at the Columbia University Graduate School of Business. He runs Gotham Funds with his partner, Robert Goldstein.
Greenblatt introduced the magic formula for investing which uses value investing based principles to identity undervalued stocks to buy and overvalued stocks to short. I’m addition to investing, Greenblatt was an early investor in Michael Burry’s investment fund.
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46 Comments
Warren Buffett: 90 Years of Investment Wisdom Summed Up in 16 Minutes ===> https://youtu.be/eyVSCDVdI9c
Crazy to me how half the comments are shitting on the guy. Dude manages $16B. He's obviously smarter than all the idiots commenting (including me 🙂 )
Misleading title, downvote
There is no way unless you’re Gordon gecko that you’re going to consistently get 40% I call bullshit
This guy is Sunny from the movie "A Bronx Tale"
I'm thinking – If I was a brain surgeon and I'd been invited to address a group of stock brokers, after my 30 minute talk about brain surgery I'd ask them how many were confident to allow one of their colleagues do surgery on their brain?
Nearly impossible to listen to with so many “uhhhhs”… yikes.
its not that hard. take a 10k account. use basic risk management – posistion sizing / srop loss.. and strive for a return of 350 dollars a month. thats it. I have a 16k account . I am averaging about 400 a montn return. look for singles and doubles.
If the stock 1 % goes up every time he says uhhhh, then he can get 10000% returns.😂😂
He created an etf based on this and it bombed
Sme stiry turns up at most seminars
He seems to confuse valuation with pricing. I recommend reviewing Damodaran's definition for a better understanding of what valuation really is.
I’m a Big Professor Greenblatt Fan! 👍
Didn't he give Michael Burry hell when he was betting against real estate in 2007/2008 ?
https://youtu.be/LJkYMTvKdWQ
Investor center, your content is good. Why do you have to tarnish it with shameless click baits?
Exactly. Real investing has nothing to do with speculating on market price movements or trading. Eventually a business will be revalued to something close to what its actually worth in capital and future cash flow.
Damn.give some respect to whoever asked him to teach 9th grade kids about the market.Thats some early mentoring there.This should be done to all schools in this world and investment market subject should je created.
Also,in my opinion any investors should really started to diversified their portfolios to also includes developing and emerging markets stocks. I know Warren Buffet once said never bet against America but rest of the globe already knows that US influence,hegemony and superpower status is dwindling.Some may not wants to admit it but the US is indeed an Empire,a modern empire and we all knows what fate befall all the previous empire no matter how powerful or big it is. Sooner ot later,the party or to be exact,US and its stock market will stop existing letting anyone that got their entire portfolios in the US as the bagholders.
The difficult thing is not understanding this approach, it's executing it over a long period of time even when you're losing lots of money while your friend who's never read anything made a bundle of money in crypto lol
"uhhhhhhh…and uhhhhhhh…"
8:47 thank you 🙏
Uhhhhh is all I hear
This is great, but he says "uh" so much.
Saw that video before. It is just a Google talk: https://www.youtube.com/watch?v=bZfPJCAVQg0. It seems that you are just copying videos and publish them in your channel to make clicks ( and money I guess). Very cheap way, earning money with other people`s content. Come on, create some own content.
Uhhhhhhhhhhhhhhhhhhhhhhhhh
Constantly distracted by "…uhh…uhhhh…uuhh…uhhh…uhh…."
He is more like 4% year on year with dollar cost averaging, this entire lecture does not give any strategy for 40% anywhere. After 30 to 40 years it may have compounded to 40% which is same as buying an index fund by dollar cost averaging, what a waste of time, no new knowledge here, you already know this, why people so called experts talk for hours without giving out any substantial strategy? CNBC , Bloomberg etc., have made it a nice business to give nothing, they just keep talking and talking about the ups and downs, and today it is down, get an expert, yes it is down. Up, down, up, down, news, up,new, down, news, experts, yeah up. Nobody is talking correlations and fundamentals
Uhhhh….uhhhhh 🤦♂️
If he says aahhhhh one more time…..
Very good methodology.
Uhhhh uhhhh uhhhhh….pfff
The problem is that an overvalued stock keeps getting more overvalued and the stock getting undervalued keeps getting further undervalued. And the market can be wrong longer than you can be solvent
40% ? Lol buy Bitcoin and wait a year guarantee that will be more than 40%. Same with bio nano. Same with jagx. Same with mgti I don’t listen to any analysts anymore and spend 2-3 days DD on a company. If I was only doing 40% a year I’d give up honestly. I’m not bearish in the slightest but every stock I own , apart from chek has done more than 40% in a week
I must not have been paying attention
I need 40% a month
Nice …. Ahhhh…. talk with … Uhhhh….. yet another guy who got lucky flipping coins and thinks he's some sort of genius. The problem is, Warren Buffett hasn't beaten the index since early 2000s. Think of all the time and energy he spent over the past couple of decades, when he could have just bought a tracker and taken it easy. Everyone and their goldfish knows how to do discounted cashflow analysis. So where's the informational edge ? Also, there's this : https://www.gothamfunds.com/Funds.aspx?FundID=126. Gotham Large Value made 11.53% annualized since inception, versus 14.61% for the S&P 500. Now to be fair, he beat the S&P Value index – but what's the point of beating your benchmark if you still do worse (3% worse!) than a whole market tracker ?
Exactly 40 %? Wow.
and aaaaaah and aaaaaaaaahh
This guy is FOS
How did he know that I check my stocks' prices 30 times each minute, though? I'm supposed to believe he doesn't have magic powers?!
uhhhhhh uhhhh uhhhh uh smart man just needs to chill
I missed the part about how to achieve 40% a year return.
You can probably get 40% return for 3 consistent years but will lose all of that probably sooner than you can realise. I'm better off getting 20% average return for consecutive years.🙏 Just my take.
Very thine a person says ahh hmm. Then what they just said or are going to say is questionable
His fund owns thousands stocks. What is he talking about? That's an index fund basically. And stocks are bought and sold every few months. The turnover is huge. Nothing to do with B. Graham or Buffett
Fun drinking game take a dip every time he says ahh, ahh. RIP from alcohol poisoning.