About the Author:
Joel Greenblatt is the founder of Gotham Capital, an investment partnership that achieved 50% annualized returns from founding in 1985 till close in 1995. $1 invested with Mr Greenblatt during the partnership would have snowballed into $51.97 in less than 10 years!
About the book:
You Can Be A Stock Market Genius is the 2nd Joel Greenblatt’s book that I have read. Compared to “The Little Book that still Beats the Market“, this book is likely written for more advanced investors.
The book specifically discusses the merits of investing in special situations ranging from spin-offs to restructurings. While the examples cited are mostly from the United States, the know how that Greenblatt shares can easily be implemented in any markets.
Here are 5 takeaways:
1) Don’t over-diversify (amongst stocks)
While Mr Greenblatt is a fan of portfolio diversification amongst alternative investments, he cautions against …