What did Joel Greenblatt invest in?

What did Joel Greenblatt invest in?

Joel Greenblatt Latest Trades

Ticker Company Price Range
Ticker Company Price Range
GSPY Gotham Enhanced 500 ETF ● 23.04 ($23.77) 24.32
SPY S&P 500 ETF TRUST ETF ● 423.61 ($439.92) 451.74
PPL PPL Corp ● 27.88 ($28.86) 30.46

How did Joel Greenblatt make his money?

From Gotham Capital To Gotham Asset Management In 1985, Greenblatt started a hedge fund, Gotham Capital, with $7 million, most of which was provided by “junk-bond king” Michael Milken. Robert Goldstein joined Gotham Capital in 1989.

Does magic formula really work?

Magic Formula did substantially better than the market – up to 152.3% better. The best ranked Magic Formula investing companies all substantially outperformed the market which returned only 30.54% over the same 12 year period.

What is Joel Greenblatt’s formula?

In the book, Greenblatt outlines two criteria for stock investing: Stock price and company cost of capital. Their yield, calculated as earnings per share (EPS) divided by the current stock price. Their return on capital measures how efficiently they generate earnings from their assets.

How much money does mohnish pabrai manage?

Currently Pabrai has more than $500 million in assets under management (AUM). You can learn about Mohnish Pabrai’s investment philosophy by reading his two books: Mosaic: Perspectives on Investing, and The Dhandho Investor: The Low-Risk Value Method to High Returns.

Does Joel Greenblatt still teach at Columbia?

Greenblatt serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in 1985. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches “Value and Special Situation Investing.” Mr.

How much is Warren Buffett worth?

100.5 billion USD (2021)
Warren Buffett/Net worth
He exhibited a nose for business at a very young age – long before he became one of the richest people in the world. As of March 2021, Buffett’s net worth had topped $100 billion.

What is Magic Formula rank?

The formula then ranks the companies on ROIC (where 1 is the company with the highest ROIC), and by earnings yield (where 1 is the company with the highest earnings yield). To get the Magic Formula rank the ROIC rank and earnings yield rankings are added together.

What is a good Greenblatt earnings yield?

2021 was 4.69%. During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Apple was 16.14%. The lowest was 3.21%. And the median was 8.78%.

Who is the best investor?

Warren Buffett
Warren Buffett is widely considered to be the most successful investor in history. Not only is he one of the richest men in the world, but he also has had the financial ear of numerous presidents and world leaders.

Is mohnish pabrai a billionaire?

He imitated Warren Buffett, the world’s famous investor and became a billionaire like him. In this book, he has cherished the journey of more than 40 super investors of the world. 57-year-old Pabrai, who lives in California, USA, went to America to study in college and stayed there.

How mohnish pabrai started investing?

After graduating, he started working in the research and development department at Tellabs. Pabris embarked on his entrepreneurial journey in 1991, established a successful IT consulting and systems integration company, TransTech, Inc. He sold his company in 1999 and started Pabrai Investment Fund in the same year.