Joel Greenblatt on How to Achieve a 40% Return a Year
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- Joel Greenblatt, founder of Gotham Asset Management, talks about the investing principles that was able to help him achieve a 40% annual return during his career. Greenblatt is an American academic, hedge fund manager, investor, and writer. He is a value investor, alumnus of the Wharton School of the University of Pennsylvania, and adjunct professor at the Columbia University Graduate School of Business. He runs Gotham Funds with his partner, Robert Goldstein.
Greenblatt introduced the magic formula for investing which uses value investing based principles to identity undervalued stocks to buy and overvalued stocks to short. I’m addition to investing, Greenblatt was an early investor in Michael Burry’s investment fund.
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I missed the part about how to achieve 40% a year return.
@BillieBikes😂😂🤡🤡
Step 1: Only invest in sure things.
Step 2: Be patient, never sell.
N. B. Of the two, step 2 is the hardest.
that was the clickbait
Read his book my man. He explains it better there. If you read his book this makes more sense.
Lol 😁
Joel Greenblatt is underrated
Uuuhhhhhhhnderated
Undervalued:)
Exactly. Real investing has nothing to do with speculating on market price movements or trading. Eventually a business will be revalued to something close to what its actually worth in capital and future cash flow.
Love the video! It sums up the strategies he used to achieve that 40% annual return well!
Glad you enjoyed it!
Like he said in the video, those returns are totally theoretical based on retrospective analysis of historical data. His actual fund has failed to beat the S&P 500 since inception.
@@chrisf1600 That was when he got too big, his Gotham fund averaged 50% every year for 10-15 years.
Go all in on a stock that will rise 40% yoy, problem solved
I’m a Big Professor Greenblatt Fan! 👍
The difficult thing is not understanding this approach, it's executing it over a long period of time even when you're losing lots of money while your friend who's never read anything made a bundle of money in crypto lol
He seems to confuse valuation with pricing. I recommend reviewing Damodaran's definition for a better understanding of what valuation really is.
How did he know that I check my stocks' prices 30 times each minute, though? I'm supposed to believe he doesn't have magic powers?!
Very good methodology.
It has worked well for him over his career
Damn.give some respect to whoever asked him to teach 9th grade kids about the market.Thats some early mentoring there.This should be done to all schools in this world and investment market subject should je created.
Also,in my opinion any investors should really started to diversified their portfolios to also includes developing and emerging markets stocks. I know Warren Buffet once said never bet against America but rest of the globe already knows that US influence,hegemony and superpower status is dwindling.Some may not wants to admit it but the US is indeed an Empire,a modern empire and we all knows what fate befall all the previous empire no matter how powerful or big it is. Sooner ot later,the party or to be exact,US and its stock market will stop existing letting anyone that got their entire portfolios in the US as the bagholders.
Thanks for the video... please continue posting good videos to share to the world
Thank you Noel!
The problem is that an overvalued stock keeps getting more overvalued and the stock getting undervalued keeps getting further undervalued. And the market can be wrong longer than you can be solvent
Nobody says you need to use leverage.
How are you becoming insolvent owning a stock long? I assume that when Keynes said that he was A) probably talking about professionally investing money for others and probably also using leverage and/or shorting B) saying it somewhat in jest
Solvency only matters if you short. Otherwise, the least you can go to is 0
@@JordanPriede EXACTLY. You can remain solvent for as long as you are patient so long as you're unlevered. There's no such thing as leveraged buy and hold investing, much less leveraged value investing.
8:47 thank you 🙏
Investor center, your content is good. Why do you have to tarnish it with shameless click baits?
Super bright guy, but can you imagine listening to him for a semester- how many Ughs? A hundred thousand?
Too many filler words.
His fund owns thousands stocks. What is he talking about? That's an index fund basically. And stocks are bought and sold every few months. The turnover is huge. Nothing to do with B. Graham or Buffett
"uhhhhhhh...and uhhhhhhh..."
Exactly 40 %? Wow.
Close enough haha
Fun drinking game take a dip every time he says ahh, ahh. RIP from alcohol poisoning.
You would get drunk to fast
Annnd UHHHHH....
Didn't he give Michael Burry hell when he was betting against real estate in 2007/2008 ?
I need 40% a month
If only 😂
I must not have been paying attention
This is great, but he says "uh" so much.
You can probably get 40% return for 3 consistent years but will lose all of that probably sooner than you can realise. I'm better off getting 20% average return for consecutive years.🙏 Just my take.
We have to remember that we are small investors, so we can achieve 30% avg returns yoy. But we need to put some time and effort on it
@@MrMadmaggot 30% for small investor is beginner achievement. It’s because your sums are small and you can trade so fast and possibilities are unlimited. I never bought this shit of “you can’t outperform index”. Well, ofcourse you can’t if you are large fund and your portfolio is millions or billions worth. But that’s not us. Simple arithmetics
High Return != High Risk.
You get higher returns by being more selective and only investing in things where you have a larger margin of safety.
I am 58 and retired. If I am getting 40% return on my stock portfolio I have too much exposure to risk. My goal is 8 to 12%. I only need 3-4% to live on.
He said, Uuuuhhhh several thousand times.
Uuuuuuh, you uuuuuh are, uuuuuuuuh right!
You are getting NO money from this USELESS RESEARCH if thats your ONLY takeaway
He was thinking hard on simplifying his concepts to us
@@UltimateSoul1 Yup. Thats right
1. You are paying attention to the wrong stuff
2. Every time he says uhhhh he makes $100,000
4 adds in a 14min video?????
This seems to be a quick clickbait channel, trying to make money real quick before start to ignore itm
Didn’t you learn anything ? How to make 40% a year... click bait , ads, easy 40%
Uhhhhh is all I hear
and aaaaaah and aaaaaaaaahh
Very thine a person says ahh hmm. Then what they just said or are going to say is questionable
Constantly distracted by "...uhh...uhhhh...uuhh...uhhh...uhh...."
Uhhhh….uhhhhh 🤦♂️
Saw that video before. It is just a Google talk: th-cam.com/video/bZfPJCAVQg0/w-d-xo.html. It seems that you are just copying videos and publish them in your channel to make clicks ( and money I guess). Very cheap way, earning money with other people`s content. Come on, create some own content.
This guy is FOS
uhhhhhh uhhhh uhhhh uh smart man just needs to chill
Uhhhhhhhhhhhhhhhhhhhhhhhhh
If he says aahhhhh one more time.....
Uhhhhhhhhh
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Uhhhh uhhhh uhhhhh....pfff
40% ? Lol buy Bitcoin and wait a year guarantee that will be more than 40%. Same with bio nano. Same with jagx. Same with mgti I don’t listen to any analysts anymore and spend 2-3 days DD on a company. If I was only doing 40% a year I’d give up honestly. I’m not bearish in the slightest but every stock I own , apart from chek has done more than 40% in a week
@@DanLyndon it depends not on a year, bull or bear market, but on how much cash you have. Ofc, that you can’t do 40% with portfolio of 10M dollars or more, because you would be the one who would move market, lol. But if your portfolio, let’s say 10 thousand, you can double or triple that sum every year easily, until it will become large enough that you can’t anymore.
It's a year later, bitcoin is down 80%
Tulips, come get your tulips here!
@@DanLyndon This guy doesnt buy growth stocks
Fun drinking game take a dip every time he says ahh, ahh. RIP from alcohol poisoning.
Bernie Madoff doesn't say uuh. We should learn from him instead.