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Joel Greenblatt: How Is a Hedge Fund Like a School?

February 15, 2006
Hedge-fund guru Joel Greenblatt applied Wall Street principlesand $1,000 per studentto turn around a struggling Queens elementary school. And it worked, spectacularly. "I'm an investor," Greenblatt says. "I spend my time trying to figure out whether a business model works or not. I wanted to find a school model that worked and roll it out."

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