Joel Greenblatt
Joel Greenblatt is a highly respected American investor and writer whose books have become indispensable for finance students and professionals alike. Greenblatt is perhaps best known for his book The Little Book That Beats The Market, which has sold over 1 million copies worldwide. In this book, Greenblatt offers readers his practical and straightforward strategies for achieving success in investing by uncovering undervalued stocks from the stock market.
Greenblatt’s writing career officially began in 1992, when his first book was published. Titled You Can Be A Stock Market Genius: Uncover The Secret Hiding Places of Stock Market Profits, the book was an instant success and has since been proclaimed a classic in the field of investment management. The book provides readers with a comprehensive system, focusing on the concepts of special situations, spinoffs, and risk arbitrage.
Greenblatt followed up his first successful book with two more books in the early 2000s. The first of these was The Little Book That Beats The Market, which laid out a comprehensive methodology for buying stocks based on value. The book has become Greenblatt's signature work and it strongly advocates for an investing strategy that emphasizes buying stocks for their intrinsic value (book value or free cash flow) and against their recent price run-up. This strategy, which Greenblatt has dubbed the Magic Formula Investing, has become an industry standard for long-term performance.
In 2019, Greenblatt released his fourth book, The Big Secret For The Small Investor. The book focuses on Greenblatt’s simple but powerful investment strategy that uses only four criteria for selecting financially sound companies that are likely to outperform the market. While not as widely known as The Little Book That Beats The Market, The Big Secret For The Small Investor has become an invaluable resource for those looking to make smart decisions in the stock market.
Greenblatt has also become a highly sought-after speaker and investor. He’s lectured at some of the world’s leading universities, including Harvard and Yale, and has given keynotes at various major finance conferences. He was also a managing partner of Gotham Asset Management, which provides investment solutions to large and small investors.
In addition to his writing and investing career, Greenblatt is also an accomplished philanthropist. His charitable foundation provides help to disadvantaged children, particularly those from inner-city areas. He has also been a generous supporter of the Michael J. Fox Foundation for Parkinson's Research.
In sum, Greenblatt is one of the foremost experts in the finance and investment fields. His insightful and easy-to-understand books have been credited with helping millions of investors make smart decisions with their money. Whether you’re a beginner or an experienced investor, Greenblatt’s books are must-reads for those looking to maximize their investment returns.
