Joel Greenblatt, Master of Value Investing and Inventor of Magic Formula: Common sense of value
If you're a fan of value investors, Joel Greenblatt's name is familiar. He is a well-known value investor, with an annualized return of 50%(before fees) for 10 years, making him a target for value investors to emulate. His book Stock Genius: Discovering the Secret Hidden Place of Stock Market Profits has convinced many people that they too can be good investors. Many investors will also use his invention of the "magic formula" to carry out stock selection. He is also a professor at Colombia University's business school, teaching investment courses that students flock to. Some of the best students in the class received his investment. He was also the founder of the New York Value Club, which discovered a number of stock pickers. This is the latest interview for Value Allocator. Because the subject is Greenblatt, we can't wait to organize his interview into Chinese as soon as possible for readers. Main points Asset management is a difficult long-term bus...