Joel Greenblatt

Joel Greenblatt

Last Update: 2014-08-15

Number of Stocks: 980
Number of New Stocks: 201

Total Value: $7,990 Mil
Q/Q Turnover: 42%

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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Top Reasons to Invest in Dun & Bradstreet
In this article, let's take a look at Dun & Bradstreet Corp. (DNB), a $4.29 billion market cap company, which is a worldwide provider of business information and related decision support services and commercial receivables management services. More...

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5-year lows: National Presto Industries, Ennis Inc, Landauer Inc, and Exelixis Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: National Presto Industries, Ennis Inc, Landauer Inc, and Exelixis Inc. More...

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Analyzing Illinois Tool Works' ROE
In this article, let´s examine one of the most important financial ratios and the best measure of performance for a firm's management: the Return on Equity (ROE). We will analyze it in the case Illinois Tool Works Inc. (ITW) More...

Illinois Tool Works, ROE


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Paul Tudor Jones Bought Kimberly-Clark, Should You?
In this article, let's take a look at Kimberly-Clark Corporation (KMB), a $39.98 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex. More...

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The Largest U.S. Toy Manufacturer
In this article, let's take a look at Mattel Inc. (MAT), a $11.44 billion market cap company, which is a large toy company, and successful brands and products include Barbie dolls, Fisher-Price toys, American Girl dolls and books and Hot Wheels. More...

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Weekly CEO Buys Highlight: CREG, OPK, LDOS, HALL, ULTA
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...

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Customers Make Purchases Based on Fashion and Experience Joel Greenblatt,Ray Dalio,Manning and Napier Advis - Customers Make Purchases Based On Fashion And Experience
In this article, let's take a look at Nordstrom Inc. (JWN), a $13.34 billion market cap company, which is a specialty retailer of apparel and accessories, widely known for its emphasis on service, which operates some 270 stores in 36 states. More...

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Target Corp. A Fairly Valued Stock
In this article, let´s consider Target Corp. (TGT), a $39.84 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively overvalued (PE 26.3x vs Industry Median 21.7x). More...

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Weekly 3-Year Low Highlights: TLM, KBR, QSII, ACI
According to GuruFocus list of 3-year lows, Talisman Energy Inc, KBR Inc, Quality Systems Inc, and Arch Coal Inc. have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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International Paper is Restructuring its Operations
In this article, let's take a look at International Paper Company (IP), a $21.62 billion market cap company, which is a leading worldwide producer and distributor of printing papers and packaging products. More...

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Paul Tudor Jones, John Buckingham and Jim Simons Long in Coach John Hussman,Joel Greenblatt,David Rolfe,Jeremy Gr - Paul Tudor Jones, John Buckingham And Jim Simons Long In Coach
In this article, let's take a look at Coach Inc. (COH), a $10.21 billion market cap company that designs, makes and markets fine accessories for women and men, including handbags, weekend and travel accessories, outerwear, footwear and business cases. More...

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General Mills: Correlation Between Price and ROE
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case General Mills Inc. (GIS) More...

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Rogers Communications: DDM Model Indicates a Long Position Joel Greenblatt,Mario Gabelli - Rogers Communications: DDM Model Indicates A Long Position
In this article, let´s consider Rogers Communications Inc. (RCI), a $20.92 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 15.5x vs Industry Median 24.9x). More...

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Cablevision: a 'Cash is King' Company
In this article, let's take a look at Cablevision Systems Corporation (CVC), a $5.15 billion market cap company, which is one of the largest U.S. cable multiple system operators. It offers Optimum brand cable, Internet and voice services to about 2.9 million subscribers in the New York tri-state area. More...

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Xerox´s Business Model and Growth Opportunities David Dreman,Joel Greenblatt - Xerox´s Business Model And Growth Opportunities
In this article, let's take a look at Xerox Corporation (XRX), a $15.44 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products. More...

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No More a Simple Distributor
In this article, let's take a look at CR Bard Inc. (BCR), a $11.21 billion market cap company, which is a diversified maker of therapeutic and diagnostic medical devices has exposure to the vascular, urology, oncology, and specialty surgical markets. More...

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Weekly 3-Year Low Highlights: UAN, CLD, EXEL, QNST
According to GuruFocus list of 3-year lows; CVR Partners LP, Cloud Peak Energy Inc, Exelixis Inc, and QuinStreet Inc have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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Joel Greenblatt Shares His Stock Market Secrets To Success
Joel Greenblatt (Trades, Portfolio) has an incredible track record as an investor. More...

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A Top Oil Service Company Expanding Operations Outside the U.S.
In this article, let's take a look at Halliburton Company (HAL), a $57.48 billion market cap company, which is a leading oilfield services company which provides products and services to the global energy industry. More...

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Soros, Dreman and Louis Moore Bacon Sold This Expensive Stock
In this article, let´s consider EMC Corporation (EMC), a $59.93 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 24.2x vs Industry Median 31.8x). More...

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