When Wall Street legend Joel Greenblatt started on Wall Street, the market’s were not efficient as they are today, and there was one particular market where Greenblatt found plenty of opportunities for profit.
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This was the options market. Before he started Gotham Capital in 1985, Greenblatt spent a summer trading options at Bear Stearns. According to transcripts of Greenblatt’s Special Situation Investing Classes at Columbia University Business School, the young trader...
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