Monday, April 25, 2011
Joel Greenblatt
Yahoo Finance is the best investment instrument these days. They have an excellent interview with Joel Greenblatt, a man who looks like my late Father. I am impressed how carefully he is watching and how fast and precisely he answers. What he is saying that one should try to estimate the worth of a company (by the amount of net cash it is generating), buy it if it is undervaluated and wait till the market catches up. He agrees that giving one's saving to a money manager is crazy.
Subscribe to:
Post Comments (Atom)
6 comments:
I just read Greenblatt's new book, "The Big Secret for Small Investors". It was worthwhile, but ultimately was no more than an extended magazine article and even at Amazon's deep discount, not a bargain. Basically he does say that money managers are no good, mainly because they face perverse incentives, and he also says that most people have no skills and no business picking stocks.
Greenblatt's new website is http://valueweightedindex.com/
Thanks.
Professor Greenblatt appears to be a money manger himself.
Anon.
Ashkenazi Jews have a small gene pool (we are all each other's cousins) so it's not surprising that certain Jews look like members of your family. Sometimes I see (Jewish) strangers on the street who resemble family members. Being bald headed tends to heighten the resemblance by erasing differences in hair color and style.
K
Professor Greenblatt appears to be a money manager himself.
In order to avoid the impression that we lack civility (should he ever read this blog), may I reformulate your impolite observation and say that Prof. Greenblatt is a magician? He is not like those despicable money managers who make bad decisions, he can magically make disappear a million dollars in the vastness of the universe, and make it come back as trashed paper. Magic!
J, this article is related to your point about funds:
http://seekingalpha.com/instablog/637-sa-editor-jonathan-liss/1305-trying-to-beat-the-market-don-t-bother
Post a Comment