Joel Greenblatt

Joel Greenblatt

Gotham Asset Management, LLC
Last update 2020-02-14 1087 Stocks (216 new)
Value $5.45 Bil Turnover 26 %
Guru Portfolio Report Download

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%.
EMBED
EMBED

Performance of Gotham Absolute Return Fund

Year Return % S&P500 % Excess Gain %
2019 11.5 30.58 -19.1
2018 -4.86 -4.57 -0.3
2017 10.01 21.7 -11.7
3-Year Cumulative (2017-2019) 16.70 (5.28/Year) 51.65 (14.89/Year) -34.95 (-9.61/Year)
2016 7.96 12 -4
2015 -10.24 1.24 -11.5
5-Year Cumulative (2015-2019) 13.09 (2.49/Year) 71.96 (11.45/Year) -58.85 (-8.94/Year)
2014 9.31 13.46 -4.1
2013 29.81 32.31 -2.5

Commentaries and Stories

  • 1

Top Ranked Articles

  • 1