Most value investors tend to avoid shorting companies because it is such an unpredictable sport. However, Wall Street Legend, Joel Greenblatt has made a name for himself going both long and short companies during his career.
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According to transcripts of his Special Situation Investing Classes at Columbia University Business School between 2001 and 2006, Greenblatt liked to short stocks "sometimes," but he was not willing to use the same kind of concentration as he did on the long side (up to 10 positions).
Replying to a question from a student about shorting, Greenblatt said:
"Sometimes I short. I prefer to short more...
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