Helping You Build Wealth With Honest Research
Since 1996. Try Now


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

India's Third Giant Leap
Discover the Best Category of Stocks to Ride this Mega
Opportunity at Our Upcoming Special Event

**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.


Joel Greenblatt

Joel Greenblatt is the managing principal and co-chief investment officer (CIO) of Gotham Asset Management, an investment firm he founded in 1985.

He is also a director of Pzena Investment Management, a global investment management firm.

He went to the Wharton Business School at the University of Pennsylvania and graduated in the year 1979, receiving his Bachelor of Science degree and his Masters of Business Administration degree in 1980.

Joel Greenblatt has also written a couple of books over how to put a strategy in place to buy undervalued stocks with higher yields. His writings touch base on formula type investing.

In fact, the fund manager is regarded as the creator of the famous 'Magic Formula'. It involves buying undervalued stocks based on two parameters - high earnings yield and return on capital (RoC).

Greenblatt is hugely influenced by what he calls the Grahamian 'know nothing' investing. He recognised early that Graham's techniques needed tenacity and discipline more than anything else.

Inspired by Graham and his study, Greenblatt founded hedge fund Gotham Capital. The fund's stellar performance is a result of value investing and maintaining an extremely concentrated portfolio.

It's been decades since Greenblatt back tested and successfully implemented Benjamin Graham's 'know nothing' technique. With the help of this formula, several fund management companies have generated significant return.

Interested in knowing Greenblatt's magic formula? Check out Equitymaster's Indian stock screener.

We have specially designed a screener on Joel Greenblatt's magic formula which lists Indian stocks that rank well on the magic formula's parameters.

5 Brilliant Joel Greenblatt Investment Quotes to Frame in Your Study

Dec 7, 2022

Here are five investment quotes by inventor of the 'magic formula' investing - Joel Greenblatt. These will help you as you go about your long term investing journey.

How to Buy the Best Real Estate Stock

Jan 10, 2022

The formula for investing in a fundamentally strong real estate stock at attractive valuations.

My Latest Recommendation with 63% Upside

Oct 24, 2018

Spin-offs are often misunderstood and thus remains overlooked by many investors. This month's Smart Money Secrets recommendation capitalises on this and offers 63% upside.

Top 5 'Magic Formula' Stocks to Add to Your Watchlist

Mar 16, 2022

These Indian companies meet the criteria of Joel Greenblatt's 'magic formula'.

The Magic Formula to Pick the Best Real Estate Stock

Sep 27, 2021

The formula for investing in a fundamentally strong real estate stock at attractive valuations.

A Brilliant Track Record of Know-Nothing Investing

Mar 31, 2017

Replicating the success story of Joel Greenblatt in buying Indian microcap stocks today.