Joel Greenblatt

Joel Greenblatt

Last Update: 2014-11-14

Number of Stocks: 970
Number of New Stocks: 186

Total Value: $10,053 Mil
Q/Q Turnover: 45%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Joel Greenblatt' s Profile & Performance

Profile

Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC). Greenblatt is founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Market. He is also an Adjunct Professor with Columbia Business School.

Investing Philosophy

Greenblatt tries to find cheap and good companies. He looks for value with a catalyst, so nice things happen sooner. Greenblatt likes special situations, and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. He is very concentrated in investing, 5 to 8 securities can make up 80% of his portfolio. One position could be as high as 30%.

Total Holding History

Performance of U.S. Value 1000 Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201341.1931.559.6
201215.715.40.3
20112.072.08-0.0
3-Year Cumulative66.7 (18.6%/year)55 (15.7%/year)11.7 (2.9%/year)

Top Ranked Articles

Answers from Joel Greenblatt are Here!
(GuruFocus, June 30, 2009) Back in early June, when we became aware of Investment Guru, Joel Greenblatt became the strategist for the money management firm FormulaTrading.com, we reached out and requested an opportunity for our users to ask Joel questions. To our delight, the good professor (Joel is also an Adjunct Professor with Columbia University) agreed. Read more...
Magic Formula’s: Do As I Say, Not As I Do?
In my last articles, “Warren Buffett’s Magic Formula in 1965?” and “Benjamin Graham’s Lost Magic Formula in 1976?”, I explored the use of and/or public endorsement of investment formulas by value investors Benjamin Graham, Warren Buffett, Joel Greenblatt, and Mohnish Pabrai. Given such credible endorsements, I wondered three things: Read more...
GuruFocus Interview with Renowned Investor Joel Greenblatt
Joel Greenblatt is a renowned investor who invented Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). He is the founder and Co-CIO of Gotham Capital, an investment partnership that achieved 40 percent annualized returns for the 20 years after its founding in 1985, and adjunct professor at Columbia Business School. Mr. Greenblatt has written three books on investing, including his most recent, "The Big Secret for the Small Investor." Read more...
Value Ideas Contest: Dolby Labs ($DLB) Priced for Zero Growth
Investment Thesis Read more...
Interview with Pat Dorsey
Pat Dorsey is the Vice Chairman and Director of Research & Strategy at the Sanibel Captiva Trust Company, an independent trust company serving high net worth clients, based in Sanibel, Florida. Before joining SanCap, Pat was Director of Equity Research at Morningstar for over ten years, where he was responsible for the overall direction of Morningstar’s equity research, as well as for communicating Morningstar’s ideas to the media and clients. He led the development of Morningstar’s economic moat ratings as well as the methodology behind Morningstar’s framework for competitive analysis. Pat is the author of two books––The Five Rules for Successful Stock Investing : Morningstar's Guide to Building Wealth and Winning in the Market and The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments[i]––and Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Weekly CEO Buys Highlight: ENH, JRVR, RM, RYN, CLMS Third Avenue Management,Joel Greenblatt - Weekly CEO Buys Highlight: ENH, JRVR, RM, RYN, CLMS
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

CEO buys, Insider buys


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Apart from the Nice-Looking Dividend Yield, This Stock Is Not Cheap
In this article, let's take a closer look at Frontier Communications Corporation (FTR), where we recently determined that, according to the relative valuation, the stock is trading higher and as a result, it is difficult to identify if there exists an adequate margin of safety to buy the stock. More...

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Rating: 4.4/5 (11 votes)

Peter Lynch – The Perfect Stock Joel Greenblatt,Warren Buffett - Peter Lynch – The Perfect Stock
If my memory serves me correctly, “One Up on Wall Street” was the first investment book I ever read. To this day, it remains among my favorites. In the book, Peter Lynch consolidates his investment philosophy (with countless examples) into a few hundred pages; it’s a great “how to” book for starters, while at the same time a good reference book for more experienced investors. Considering that Mr. Lynch managed the best performing fund in the world during his 13-year career (Fidelity Magellan Fund from May 1977 to May 1990), he’s worth listening to. More...

LONG FLIR & WPX


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Edwards Lifesciences a Gold Standard in the Market
In this article, let's take a look at Edwards Lifesciences Corp. (EW), a $13.62 billion market cap company that makes and markets a comprehensive line of products and services to treat late-stage cardiovascular disease. More...

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A Strong Sell Recommendation? Joel Greenblatt,Steven Cohen - A Strong Sell Recommendation?
In this article, let's take a look at Dominion Resources, Inc. (D), a $42.03 billion market cap company, which is one of the largest producers and transporters of energy in the U.S., Further, it operates the largest natural gas storage system and serves retail energy customers in 15 states. More...

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Delphi Automotive Is Ready to Generate Excess Returns
In this article, let's take a look at Delphi Automotive PLC (DLPH), a $20.66 billion market cap U.K.-based company that is a leading supplier of automotive components for global vehicle manufacturers. More...

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Archer-Daniels-Midland Is a Major Processor Expanding Abroad
In this article, let's take a look at Archer-Daniels-Midland Company (ADM), a $32.77 billion market cap company that is one of the world's leading agribusiness concerns with major market positions in agricultural processing and merchandising. More...

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CH Robinson Worldwide Has Plenty of Room to Grow
In this article, let's take a look at CH Robinson Worldwide Inc. (CHRW), a $10.64 billion market cap company that is a global provider of multimodal transportation and logistics solutions and has a network of more than 230 offices in North America, South America, Europe and Asia. More...

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Is It Time to Buy Avon?
In this article, let's take a look at Avon Products Inc. (AVP), a $4.4 billion market cap company that is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide. More...

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The Gurus to Follow Based on Sector — Part 2 Arnold Van Den Berg,Joel Greenblatt - The Gurus To Follow Based On Sector — Part 2
Following the investing moves of our gurus can help you develop your own strategies. But with 147 portfolios to look at, how can you determine which gurus align with your personal philosophy? More...

HEALTHCARE, INDUSTRIAL, TECHNOLOGY


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How I Used "One Up on Wall Street" to Guide Me Through Our Features--New and Old Jim Simons,Joel Greenblatt - How I Used
The very first book I read about investing in the market was One Up on Wall Street by Peter Lynch. I would honestly highly recommend this book to anyone who is new to the market and feels like a little shrimp lost in a huge ocean. Naturally, you want to listen to your friends and what companies they invest in, or take a look at what stocks are most talked about in the news. You may even feel like playing it safe would be to invest in the big name companies, but one thing Lynch says at the beginning of the book is that there are no real “experts” in the market. More...

PETER LYNCH, ONE UP ON WALL STREET, BUFFETT-MUNGER SCREENER, UNDERVALUED STOCKS, FAIR-VALUED STOCKS, GURU TRADES, MARIO GABELLI, JIM SIMONS, PAUL TUDOR JONES


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CPSI: A Predictable And Undervalued Small Cap Joel Greenblatt,Jim Simons - CPSI: A Predictable And Undervalued Small Cap
Here’s a small cap stock flying mostly under the radar but worth examining because it has a history of predictable earnings, a rating of undervalued, and a dividend of 3.90%. More...

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Joel Greenblatt on Consuelo Mack Joel Greenblatt - Joel Greenblatt On Consuelo Mack
Joel Greenblatt (Trades, Portfolio) on Consuelo Mack. He is the author of the well known books You Can Be a Stock Market Genius and The Little Book That Beat The Market. More...

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How Many Stocks Are Enough?
One of the questions that every private investor faces sooner or later is to decide how many stocks should you hold in your portfolio. How much diversification is enough? More...

BUFFET 20 PUNCH CARD, LYNCH TEN-BAGGERS, DIVERSIFICATION


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Weekly 3-Year Low Highlights: IBM, APA, LINE, DNR
According to GuruFocus list of 3-year lows, International Business Machines Corp, Apache Corporation, Linn Energy LLC, and Denbury Resources Inc have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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5-year lows: Petroquest Energy Inc, Entropic Communications Inc, Hercules Offshore Inc, and Swift Energy Co.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Petroquest Energy Inc, Entropic Communications Inc, Hercules Offshore Inc, and Swift Energy Co. More...

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Symantec's Growth Makes Me Feel Bullish
In this article, let's take a look at Symantec Corporation (SYMC), a $17.88 billion market cap company that provides software solutions that enable consumers and enterprises to both protect their network infrastructure from potential threats and store their data. More...

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Performance Has Improved in Recent Years
In this article, let's take a look at Electronic Arts Inc. (EA), a $13.56 billion market cap company that produces entertainment software for PCs, home video game consoles, mobile gaming devices, smartphones and tablets. More...

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David Dreman Purchases 62 New Holdings in Q3 David Dreman,Joel Greenblatt,Prem Watsa,Mario Gabe - David Dreman Purchases 62 New Holdings In Q3
David Dreman (Trades, Portfolio) founded Dreman Value Management in 1977, a contrarian value investing firm. During the third quarter, Dreman purchased 62 new stocks and added to the fund’s position in 42 more. He also divested 79 stocks and reduced the position in 36 holdings. More...

DAVID DREMAN, DREMAN VALUE MANAGEMENT, RAYONIER ADVANCED MATERIALS, RAYONIER, ITT CORP


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Weekly 3-Year Low Highlights: ANF, UVV, RAVN, KOP
According to GuruFocus list of 3-year lows, Abercrombie & Fitch Co, Universal Corp, Raven Industries Inc, and Koppers Holdings Inc have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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