UC Zoom Discussion

User Generated

Mbr111

Economics

University of California

Description

My company is Zoom. Plz fill the following questions.

1. Who is Joel Greenblatt?

2. What are his Accomplishments?

3. What is his Investing Philosophy?

4. What is his Company Selection?

5. What is his Magic Formula?

6. Apply the magic formula to the company that you have selected for your project. Explain your findings.

7. Does your company fit into Joel Greenblatt’s philosophy? Explain.

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Explanation & Answer

Attached. Please let me know if you have any questions or need revisions.

Joel Greenblatt
Name
Date
Institution

Joel Greenblatt
Mr. Joel Greenblatt is an American scholar and founder of hedge funds, businessman,
and writer (born December 13, 1957). He is a value investor, an alumnus of the University of
Pennsylvania's Wharton School, and an associate professor at the Management Graduate School
of Columbia University, where he teaches Worth and Special Case Investing since 1996. With
his brother, Robert Goldstein, he manages Gotham Funds. He is the former chairman of the
Alliant Techsystems (1994-1994) board. He also serves as Vindex's board member and a Charter
School Board Member at the Progress Academy.
Mr. Greenblatt was awarded a bachelor's degree in 1979 by the University of
Pennsylvania Wharton School, In 1979, summa cum laude, and his M.B.A. in 1980. He is an
author of best-selling books about investing and an adjunct professor at Columbia Business
School teaching special situations and value investing. Greenblatt is also a legendary
philanthropist, contributing $2.5 million to a public elementary school in Queens, New York
City. His efforts are credited to helped start the Success Academy Charter Schools. Mr.

Greenblatt has been enormous in finding solutions to cure cancer and remarkably creating a
website to share advanced research material.
Greenblatt is a renowned investor. His investment is high in Gotham capital and Gotham
Asset Management, where he is a major shareholder. He uses principles that guide his
investment decisions. Greenblatt aims to find businesses that are inexpensive and nice. With a
catalyst, he searches for meaning, so nice stuff happens earlier. Greenblatt likes special cases and
claims that to find cheap stocks, they are different locations. Greenblatt uses the Magic
Formula's fundamental concepts in his hedge fund: Look for a high ROC and high yield on
earnings. He is trying to find out what "normalized gains" are. He attempts to work out 3-4 years
into the future what "normalized earnings" will be. Based on normalized earnings, Greenblatt
makes sure the stock is cheap.
Investing in the Magic formula is designed to beat the average annual returns of the stock
market. It operates by rating stocks based on their price and capital returns. Investing in a magic
formula teaches you how to view investing in value from a methodical and unemotional
viewpoint. The formula refers to large-cap stocks but does not include any small...


Anonymous
This is great! Exactly what I wanted.

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