Notes from Joel Greenblatt And Richard Pzena's keynote presentation from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19.
See the full notes here.
Q2 hedge fund letters, conference, scoops etc
Keynote Presentation
Joel Greenblatt
Managing Principal and Co-Chief Investment Officer, Gotham Asset Management
Richard S. Pzena
Founder and CIO, Pzena Investment Management, LLC
- The current environment
- Spreads between value and growth are widest
- Observations now, different or the same
- Long growth and short value, doesn’t make sense
- How do you define growth and value? Tied to the hip
- Yes, no, maybe, I don’t care
- How do you define value?
- Value the business, try to buy at discount
- PE looking at cash flow and reasonable growth over...

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