Joel Greenblatt
Joel Greenblatt is an academic, hedge fund manager and one of Wall Street’s most famous value investors. Greenblatt is Managing Principal and Co-Chief Investment Officer of Gotham Funds, and Adjunct Professor at Columbia Business School where he teaches "Value and Special Situation Investing." He is best known as the creator of "Magic Formula Investing," a technique that focuses on high-quality companies with cheap valuations and strong fundamentals. His investment philosophy focuses on acquiring stocks at a discount to their true value, often with a catalyst to unlock price appreciation. He has also written several influential finance books, making complex investment strategies accessible to a wider audience.
Joel Greenblatt Professional Experience / Academic History
Professional Experience
-
Managing Principal and Co-Chief Investment Officer
-
Adjunct Professor in Finance
Academic History
-
Master of Business Administration (MBA)
-
Bachelor of Science, Summa Cum Laude
ABOUT JOEL GREENBLATT
Greenblatt has a long history of being a successful value-driven investor.
He is a name synonymous with value investing and 'special situations' such as spin-offs, mergers, and restructurings.
His astonishing investment returns with Gotham Funds and his lucrative "Magic Formula Investing" approach have cemented his reputation in the finance world.
At Gotham, he built one of the best 10-year track records around: compounding his capital at 50% per year from 1985-1994.
The Magic Formula Investing draws on principles of value investing to create portfolios with the potential to outperform the market.
The formula aims to identify undervalued and high-performing stocks by combining two key financial metrics: return on capital and earnings yield.
It also provides a systematic and disciplined approach to stock selection, reducing emotional bias and promoting a consistent investment strategy.
EARLY CAREER
He was a Director of Pzena Investment Management, Inc., a global investment management firm.
He formerly served on the Investment Boards of the University of Pennsylvania and the UJA Federation.
He is the Former Chairman of the Board (1994-1995) of Alliant Techsystems, a NYSE-listed aerospace and defense contractor.
MEDIA & PUBLICATIONS
He has been featured or quoted in Forbes, The New York Times, Business Insider, CNBC, Barron's, Fox Business, Yahoo! Finance, and the Wall Street Journal, among others.