Joel Greenblatt: Pay a lot less

I sit around trying to figure out what businesses are worth, and then I try to pay a lot less for them.

– Joel Greenblatt

Today's Oracle Bio:

Joel Greenblatt achieved extraordinary returns, with an annualized rate of about 50% from 1985 to 1994. He specializes in value investing and 'special situations' like spin-offs and mergers, leveraging corporate transformations to gain market advantages. His net worth was estimated to be around $500 million as of 2023.

Book Highlight:

Learn more about how to replicate Greenblatt's investment success in The Little Book That Still Beats the Market. It is one of the classics of finance literature and a best seller, with more than 300,000 copies in print

Learn more about this book. (Affiliate link)

Thought of the Day:

Greenblatt is a genius at boiling down investing to its simplest elements. And he makes an excellent case for value investing.

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