Questions and Answers With Joel Greenblatt

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Feb 28, 2011
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GuruFocus is pleased to announce that our readers can now ask questions to Prof. Joel Greenblatt!


This is the second time that Prof. Joel Greenblatt takes questions from GuruFocus users. You can find the complete transcript of the last Q&A session here.


According to the website of Formula Investing Funds, Joel Greenblatt is a member of the investment team at Gotham Asset Management and founded Gotham Capital, a private investment firm, in 1985. He is the former Chairman of the Board (1994-1995) and a former board member of Alliant Techsystems (1994- 2000), a NYSE-listed aerospace and defense contractor. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches "Value and Special Situation Investing." Mr. Greenblatt serves on the Investment Committees of the Board of Directors for the University of Pennsylvania and UJA Federation, and is a director of Pzena Investment Management, Inc. (NYSE:PZN), a global investment management firm. He holds a BS (1979), summa cum laude, and an MBA (1980) from the Wharton School of the University of Pennsylvania.


Joel Greenblatt’s accomplishment far exceeds what this bio describes. He achieved 50% average annual investment return from 1985 to 1995, when he returned all the money back to the external partners. He is also the author of two books You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits (1999) and The Little Book That Beats the Market (Little Books. Big Profits) (2005).


It is in the second book, He outlined a simple, beautiful, and effective investment philosophy called “Magic Formula Investing”, which attracted a large group of followers among value investors.


Read these articles to find out more about how Mr. Greenblatt invests





This is the third of our series of interviews with the best value investors of our time. Also please read our previous interviews:


To ask a question to Prof. Joel Greenblatt, please post your questions in the User Comments area below. We will collect and send to Prof. Joel Greenblatt.