Joel Greenblatt founded a hedge fund, Gotham Capital in 1985 that would return a 30% CAGR over the next decade.
He made his name focussing on spinoffs, corporate restructurings, and other special situations.
Here are three quick insights from the man himself.
He made his name focussing on spinoffs, corporate restructurings, and other special situations.
Here are three quick insights from the man himself.
1. "Position sizing is the most important thing. Being too timid on the few good ideas that come your way is the biggest mistake people make".
Investing mistakes are not limited to the ones that you lose money in. Incorrectly sizing multibaggers can be just as costly.
Investing mistakes are not limited to the ones that you lose money in. Incorrectly sizing multibaggers can be just as costly.
2. "Why do the prices fluctuate so widely when values canโt possibly? I donโt know and I donโt care. I just want to take advantage of it".
Don't let the noise distract you from finding opportunities.
Don't let the noise distract you from finding opportunities.
3. "Over the long term, despite significant drops from time to time, stocks will be one of your best investment options. The trick is to GET to the long term. Think in terms of 5 years, 10 years and longer".
- It pays to think long-term.
- It pays to think long-term.
4. Here are a few more insights from Joel Greenblatt.
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