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Joel Greenblatt is a legendary value investor who founded a hedge fund Gotham Capital with an astonishing track record of 40% annualized return from 1985 to 2006. This episode covers the second part of the investment basics that Joel discussed in his book (You Can Be a Stock Market GENIUS).
- Don’t buy more stocks; Put money in the bank
- Look down, not up
- There’s more than one road to investment heaven
The future episodes will cover the details of great special investment opportunities such as spin-offs, merger securities, restructurings, rights offerings, etc.