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Joel Greenblatt: The Evolution of Value Investing

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Jacob Wolinsky
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Joel Greenblatt's notes from the 2019 Value Invest New York Conference. Joel Greenblatt serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in 1985.

Q3 2019 hedge fund letters, conferences and more

Joel Greenblatt

Joel Greenblatt: "The Evolution of Value Investing"

  • Is value investing dead....yes, maybe, who cares...value investing is buying business for less than it is worth
  • If momentum stopped work he wouldn't know why but value investing still relevant if buy for less than intrinsic value; causation is more and that is art of valuation;
  • Its like valuing a house for $1mm...is it good deal? if I could...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid