In this show, we read Joel Greenblatt’s best-selling book, You Can Be A Stock Market Genius. Greenblatt is a famous value investor that achieved a 50% annual return for ten years when he ran Gotham Capital. Today, Greenblatt’s personal net worth is $600 million and he teaches Benjamin Graham’s value investing course at Columbia Business School. In this episode, the listener learns about special situations and when to invest in mergers and acquisitions.
Joel Greenblatt’s Book, You Can Be A Stock Market Genius
A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you’ll need to become a stock market genius.
Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he’s going to show you how to do it, too. You’re about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss—uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including:
· Spin-offs
· Restructurings
· Merger Securities
· Rights Offerings
· Recapitalizations
· Bankruptcies
· Risk Arbitrage
