Biography

Joel Greenblatt is the founder of Gotham Asset Management and the author of the best-selling book "The Little Book That Still Beats the Market." He is a legendary value investor who achieved a staggering 40% annualized return over 20 years with his firm Gotham Capital.

Investment Philosophy

Greenblatt is famous for the "Magic Formula Investing" strategy. His philosophy is based on two simple metrics: Return on Capital (to find "good" companies) and Earnings Yield (to find "cheap" companies). He believes that buying a basket of companies that rank high on both metrics will consistently outperform the market over the long term. He is also a pioneer in "Special Situations" investing, focusing on spin-offs, restructurings, and merger arbitrage.

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