Over the years, Joel Greenblatt has surrounded himself with investing titans as a disciple of Warren Buffett and Ben Graham’s investing philosophies. He famously provided seed money to “Big Short” investor Michael Burry to start Scion Capita and received his own seed money from “junk bond king” Michael Milken. Between 1985 and 1994, the legendary investor averaged astonishing annual returns of 50% managing Gotham Capital — the predecessor of his current firm Gotham Asset Management.
This track record means many investors eagerly await Greenblatt’s take on the market environment. But these opportunities can be limited and infrequent. And he generally only tends to share his views with investors in his capacity as co-CIO of Gotham, to students as a teacher of value investing at Columbia University, or to readers of his books, such as ‘You Can Be A Stock Market Genius.’
The Edge conference on November 18, hosted by top special situations investor Jim Osman, brought together seven industry experts who provided insights to help investors gain an edge in special-situation investing, while also raising money for the Alzheimer’s Association. Greenblatt shared his thoughts on opportunities in the current market.