Joel Greenblatt compounded at 45% per year for 19 years.
Here's what I learned from him:
1. On Wall Street, there ain't no tooth fairy
2. Finding one good opportunity a month is far more than you should need
Here's what I learned from him:
1. On Wall Street, there ain't no tooth fairy
2. Finding one good opportunity a month is far more than you should need
3. Stock prices move wildly over very short period of time but the value of the underling companies don't
4. Don't overdiversify
4. Don't overdiversify
5. Good investors are independent thinkers
6. Having a 5-year horizon for your stock investments gives you a large advantage over most investors
6. Having a 5-year horizon for your stock investments gives you a large advantage over most investors
7. Buy good businesses with predictable futures at bargain pricds
8. Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
8. Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
9. Buying a share of a good business is better than buying a share of a bad business
10. Good investing is about managing downside risk
10. Good investing is about managing downside risk
11. Most investors can't stick with a strategy that hasn't worked for several years in a row
12. If you buy good companies (high ROC) at bargain prices (high earnings yield), you'll do very well
12. If you buy good companies (high ROC) at bargain prices (high earnings yield), you'll do very well
Joel Greenblatt taught value investing at the University of Columbia.
Studying there costs more than $80,000.
I am sharing his Class Notes with you for free.
Sign up here to receive it: compounding-quality.ck.page
Studying there costs more than $80,000.
I am sharing his Class Notes with you for free.
Sign up here to receive it: compounding-quality.ck.page
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