Joel Greenblatt

Joel Greenblatt

Gotham Asset Management, LLC
Last update 2018-11-14 919 Stocks (216 new)
Value $7.24 Bil Turnover 29 %
Top Holdings: WMT(1.17%) AAPL(1.15%) VZ(1.09%) HD(1.02%) AMZN(1%)
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Joel Greenblatt 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.

Joel Greenblatt 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%.

Historical Allocation of Stock, Bonds, Cash

Performance of Gotham Absolute Return Fund

YearReturn %S&P500 %Excess Gain %
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Commentaries and Stories
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6 Stocks With Low Price-Sales Ratios
Freeport-McMoRan makes the list
56 Views    Tiziano Frateschi    2019-01-18 16:50
Joel Greenblatt, Jellybeans and the Stock Market
Some invaluable advice from Joel Greenblatt on investing.
228 Views    Rupert Hargreaves    2019-01-14 16:22
The Definition of Value Investing - Joel Greenblatt
One of the most interesting presentations about value investing in 2018
164 Views    Hugo Roque    2019-01-08 20:54
2 Energy Stocks to Consider as Oil Prices Rise on Trade Talks, Supply Cuts
These companies are trading below Peter Lynch value
351 Views    Sydnee Gatewood    2019-01-08 17:35
The 5 Worst-Performing Stocks in the S&P 500 for 2018
Investors were buying all of them
1151 Views    Holly LaFon    2018-12-17 23:05
Is Yext a Buy After the Recent Fall?
The results of the third quarter were followed by a sharp fall of nearly 20% in Yext’s share price and while the revenue growth and partnerships are impressive, the losses continue to pile up
147 Views    Ishan Majumdar    2018-12-11 17:14
What Is Joel Greenblatt Buying Today
Looking at the portfolio of one of the world's best investors
216 Views    Rupert Hargreaves    2018-12-04 16:23
The World's Best Contrarian Investment?
UK stocks are currently cheaper than they have been for several decades
177 Views    Rupert Hargreaves    2018-11-28 16:55
Joel Greenblatt: Expect Lower Returns and Focus on Cash
Some advice from the inventor of the Magic Formula
1842 Views    Rupert Hargreaves    2018-11-28 16:44
Don't Expect a Turnaround at Western Union Yet
Guru Investors have fled and Insiders are selling. This is a sit on your hands opportunity.
104 Views    Jonathan Poland    2018-11-27 17:50

Top Ranked Articles
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On Diversification
Diversification is not an easy subject, but by analyzing data and applying some logic you can narrow down an optimal strategy
1546 Views    Chris Gilbert    2016-04-25 15:27
Calculating the Return on Incremental Capital Investments
As a business owner, you want to know where you can reinvest your company’s excess cash flow and what rate of return you can get from those investments.
1551 Views    John Huber    2016-06-06 19:40
Joel Greenblatt's 2016 Outlook: Same Simple Secret to Long-Term Investment Success
Gotham Funds investor discusses 2 questions to ask after disappointing year
3150 Views    Holly LaFon    2016-01-20 16:14
An Intro to Magic Formula Investing
1631 Views    mfinvestor    2014-03-19 16:26