RWH003: Secrets of Investment Success w/ Joel Greenblatt

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William Green speaks with Joel Greenblatt, one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million. He’s also the author of best-selling classics like “The Little Book that Beats the Market” and was a key character in William’s book, “Richer, Wiser, Happier.” In this conversation, Greenblatt shares invaluable lessons from his hugely successful career and life.
 
IN THIS EPISODE, YOU’LL LEARN
00:00:00 – Intro
00:00:15 – How Joel Greenblatt crushed the market by making big, bold bets on cheap stocks.
00:05:17 – How a freak investment disaster taught him never to forget that bad things happen.
00:12:59 – How he handles the emotional pain and stress of investing.
00:16:08 – Why he believes that the greatest investors tend to have “a screw loose.”
00:21:09 – Why he never bought Bitcoin—and has no regrets about it.
00:28:39 – How he made a killing by studying Warren Buffett’s purchase of Coca-Cola stock.
00:32:16 – Why he admires Buffett even more after spending time with him in person.
00:36:26 – Why Greenblatt still believes in his “magic formula” for picking cheap and good stocks.
00:47:49 – Which exceptional businesses he owns for the long term in his personal stock portfolio.
01:01:38 – Why he feels “blessed” and “lucky”—and owes it to society to share his good fortune.
01:21:51 – What career advice and investment books he’s given to his five children.

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?️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-win-the-investing-game-w-joel-greenblatt

? BOOKS MENTIONED:
– The Little Book That Still Beats The Market by Joel Greenblatt: https://amzn.to/3IIs6sU
– You Can Be a Stock Market Genius by Joel Greenblatt: https://amzn.to/3JSf1yO
– The Big Secret for the Small Investor by Joel Greenblatt: https://amzn.to/3JJEY3k
– Common Sense by Joel Greenblatt: https://amzn.to/3iHk6xZ
– Richer, Wiser, Happier by William Green – https://amzn.to/3hZf53k

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! ?

▶️RELATED EPISODES
– Stig and Preston discuss Joel Greenblatt’s book You Can Be a Stock Market Genius: https://www.theinvestorspodcast.com/episodes/joel-greenblatt-you-can-be-a-stock-market-genius/
– Interview w/ Howard Marks: https://www.theinvestorspodcast.com/richer-wiser-happier/investing-wisely-in-an-uncertain-world-w-howard-marks/
– Interview w/ Tony Robbins: https://www.theinvestorspodcast.com/richer-wiser-happier/the-life-force-revolution-w-tony-robbins/
– Interview w/ Ray Dalio: https://www.theinvestorspodcast.com/episodes/the-changing-world-order-w-ray-dalio/

?OTHER RESOURCES
– Joel Greenblatt’s mutual fund company, Gotham Funds: https://www.gothamfunds.com/default.aspx
– Joel Greenblatt’s Magic Formula Investing website: https://www.magicformulainvesting.com/
– Joel Greenblatt’s network of charter schools, Success Academy: https://www.successacademies.org/

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? Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn

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