Value investor and writer who runs his firm with Robert Goldstein and teaches at Columbia Business School; chaired the board of Alliant Techsystems in 1994–95.
Gotham Asset Management
Columbia Business SchoolGotham Capital
You Can Be a Stock Market Genius is the standard text on special-situations investing, and the Magic Formula books turned quantitative value into a method ordinary investors can follow.
5 books of their own · 18 books they recommend
Where to find mispriced stocks: spinoffs, mergers, bankruptcies and restructurings.
“Joel Greenblatt wrote probably the best book ever 'You can be a Stock Market Genius'.” — Dan Loeb
Source: Loeb calling it probably the best book ever written on investing
Recommended by: Dan Loeb, Guy Spier, Mohnish Pabrai and 6 others
A 'magic formula' for buying good companies at bargain prices.
Recommended by: Mohnish Pabrai
The magic formula: buy cheap stocks with high returns on capital, mechanically.
Recommended by: Mohnish Pabrai and 2 others
Recommended by: Mohnish Pabrai, Mr. Money Mustache
You Can Be a Stock Market Genius | Where to find mispriced stocks: spinoffs, mergers, bankruptcies and restructurings. | 1997 | T1 | Dan Loeb, Guy Spier, Mohnish Pabrai and 6 others |
The Little Book That Beats the Market | A 'magic formula' for buying good companies at bargain prices. | 2005 | Mohnish Pabrai | |
The Little Book That Still Beats the Market | The magic formula: buy cheap stocks with high returns on capital, mechanically. | 2010 | T2 | Mohnish Pabrai, Rational Capital Investment Fund, Mr. Money Mustache |
The Big Secret for the Small Investor | – | 2011 | Mohnish Pabrai, Mr. Money Mustache | |
| Common Sense: The Investor's Guide to Equality, Opportunity, and Growth | – | 2020 | T4 | – |
Lynch's stock-by-stock walkthrough of how he picked them.
Also recommended by: Julian Robertson, Mohnish Pabrai and 2 others
Buy a few outstanding growth companies, research them by scuttlebutt, and hold.
Also recommended by: Arnold Van Den Berg, Bill Stewart and 9 others
Data showing that low-expectation stocks beat popular ones over the long run.
“all these people really were helpful in forming and getting me involved in investing” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Mohnish Pabrai, Patrick O'Shaughnessy
Avoid permanent loss: buy well below value and aim for absolute returns.
Also recommended by: Arnold Van Den Berg, Frank Martin, Guy Spier and 5 others
The amateur's edge argument from the Magellan record.
Also recommended by: David Rolfe, Francisco Garcia Parames and 8 others
How to read financial statements sceptically and value bonds and stocks.
“I started reading everything I could about what he had written, both security analysis and the intelligent investor” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Christopher Bloomstran, Howard Marks and 10 others
Berkshire's shareholder letters arranged by topic: governance, valuation, mergers.
“I always assign that in my class which I just think is a great, great book” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Christopher Bloomstran, Francois Rochon and 10 others
Treat stocks as parts of businesses and buy only with a margin of safety.
“everyone has to read Intelligent Investor, you know I think it's chapters 8 and 20” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Benjamin Graham, Christopher Bloomstran and 26 others
The methods of nine great investors, including Buffett, Graham, Fisher and Templeton.
“all these people really were helpful in forming and getting me involved in investing” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Mohnish Pabrai, Peter Cundill
Buffett's method as tests of the business, its managers, its finances and price.
Also recommended by: Mohnish Pabrai, Bill Ackman, Howard Marks
Wiley published it in 2020.
Also recommended by: Mohnish Pabrai, Prem Watsa, Warren Buffett
Where to find mispriced stocks: spinoffs, mergers, bankruptcies and restructurings.
Also recommended by: Dan Loeb, Guy Spier, Mohnish Pabrai and 5 others
A speculator modelled on Jesse Livermore learns to read and trade the market.
Also recommended by: Barton Biggs, Bill Miller, Colm O'Shea and 4 others
Franklin's reinvention from imperial gentleman into American businessman
“if you haven't read much about Ben Franklin, that's what I would suggest” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2020)
Economics argued through a novel; markets and their moral defence
“there is a book called The Invisible Heart which explains basic economics to most people” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Mohnish Pabrai
Churchill's first year as prime minister, from Dunkirk through the Blitz.
“how he handled that was really amazing to read and great, great, great book” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2020)
Also recommended by: Andrew Wilkinson, Bill Gates, Daniel Petre and 2 others
How the Oakland A's won on a small payroll by buying players the market undervalued.
“understanding how to buy undervalued players is very similar to buying undervalued stocks and so that's a really helpful book” — Joel Greenblatt
Source: Masters in Business transcript: Joel Greenblatt (2018)
Also recommended by: Mohnish Pabrai, Ev Williams, Jordan Hughes and 1 other
| Joel Greenblatt Built The Stock Pickers’ Index Fund | Forbes | 2018 |
| Joel Greenblatt’s Investing Secrets Revealed Paywall | Barron's | 2016 |
| A Book, Four Funds and a Flood of Cash Paywall | The New York Times | 2014 |