Before you get put off by the cheesy title, let me share a few words about the author. Joel Greenblatt managed money for Gotham Capital from 1985 to 2006 and generated an annualized returns of 40 percent during that period. In case that didn’t make you jump on your seat, let me put that number in proper perspective (and give you a glimpse into the massive power of compounding). If you invested Rs 1 lac in Gotham fund, over 20 years your initial investment would have turned into a staggering sum of around Rs 8.4 crore
Joel is a practitioner of value investing and pretty successful at it. And to add icing on the cake, Greenblatt is an adjunct professor at Columbia Business School. Which means, he’s an experienced teacher too. This unique mix of skills is extremely rare in the world of investing. This ability to teach by simplifying the ideas is what separates the likes of Warren Buffett and Charlie Munger from all the other successful value investors. Joel Greenblatt is pretty much up there in the same league.
As the title says, it’s a little book. A little over 100 short pages. But don’t get fooled by its brevity and the simplicity of Greenblatt’s message.
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