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I kept seeing the author mentioned. He’s a famous value investor. https://en.wikipedia.org/wiki/Joel_Greenblatt https://en.wikipedia.org/wiki/Joel_Greenblatt
by melling 7y ago
I kept seeing the author mentioned. He’s a famous value investor.
https://en.wikipedia.org/wiki/Joel_Greenblatt https://en.wikipedia.org/wiki/Joel_Greenblatt
“ In 1985, Greenblatt started a hedge fund, Gotham Capital, with $7 million, most of which was provided by junk-bond king Michael Milken.[4] Robert Goldstein joined Gotham Capital in 1989.[1] Through his firm Gotham Capital, Greenblatt presided over an annualized return of 50% ("after all expenses" but "before general partner's incentive allocation" fees) or 30% (net of fees[5]) from 1985 to 1994 by investing in ""special situations" like spinoffs and other corporate restructurings".[6][7] In January 1995 Gotham returned all capital of outside partners (approximately $500 million).”