Joel Greenblatt is the founder of Gotham Capital, a firm that earned 40% annualized returns over the twenty years he managed it. In the following video, he discusses the factors that contributed to his success:
As a prelude to a post I’ll be having appear shortly, I thought I would explain what the Magic Formula is.
Joel Greenblatt is the progenitor of the Magic Formula. His credentials include being the founder of the hedge fund Gotham Capital which returned in excess of 50% per annum from 1985 through 1995 (source). Additionally, he authored You Can Be a Stock Market Genius (one of the best books I’ve read for insight into . . .
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