There is this video that I get pinged a fair bit this week and I decide to watch it. Basically Howard Marks interviewed Joel Greenblatt on Value Investing in front of a bunch of Wharton students. The volume is very low but it was rather worth it. I would say, this video is good for folks who are doing active investing and that you might have some questions on your mind after reading some of these value tilted books how they apply to real world investing. This is a good video as it talks simply how Joel interpret value, and goes into one level down some manoeuvres of assessing value. He also debunks the stuff folks talk about that “I buy this stock for growth, I buy this stock for value”, review of Warren Buffet’s strategy, the problems with managing other people’s money. 2 Takeaways that stuck with me. The ......