Best Selling Books by Joel Greenblatt

Let a top hedge fund manager, Columbia business school professor, former Fortune 500 chairman and New York Times bestselling author take you on a journey that will reveal the Big Secret for both individual and professional investors. Based on path-breaking new research, find out how anyone can beat the market, the index funds and the experts by following a new approach that relies on the principles of value investing, common sense and quantitative discipline. Along the way, learn where "value" comes from, how markets work, and what really happens on Wall Street. By journey''s end, small investors (and even not-so-small investors) will have found their way to some excellent new investment choices.

A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you’ll need to become a stock market genius. Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he’s going to show you how to do it, too. You’re about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss—uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including: -Spin-offs -Restructurings -Merger Securities -Rights Offerings -Recapitalizations -Bankruptcies -Risk Arbitrage Prepared with the tools from this guide, it won’t be long until you’re a stock market genius!

In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Market—a New York Times bestseller with 300,000 copies in print—Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above average companies at below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, “Mr. Greenblatt...says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. They are in luck. His ‘Little Book’ is one of the best, clearest guides to value investing out there.”

The United States is supposed to offer economic opportunity to everyone. It shouldn’t take a worldwide pandemic and nationwide protests to bring economic and racial inequality to the forefront of problems we desperately need to solve. But now that the opportunity is here, what should we do? How can we create more equality, opportunity, and growth for everyone? Not someday, but what can government and the private sector do right now to disrupt a status quo that almost everyone wants to change? In Common Sense, the New York Times best-selling author Joel Greenblatt offers an investor’s perspective on building an economy that truly works for everyone. With dry wit and engaging storytelling, he makes a lively and provocative case for disruptive new approaches—some drawn from personal experience, some from the outside looking in. How can leading corporations immediately disrupt our education establishment while creating high-paying job opportunities for those currently left behind? If we want a living wage for everyone, how can we afford it while using an existing program to get it done now? If we subsidize banks, what simple changes can we make to the way we capitalize and regulate them to help grow the economy, increase access, and create more jobs (while keeping the risks and benefits where they belong)? Greenblatt also explains how dramatically increasing immigration would be like giving every American a giant bonus and the reason Australia might be the best place to learn about saving for retirement. Not everyone will agree with what Greenblatt has to say—but all of us can benefit from the conversations he aims to start.

Beim Investieren haben Anleger verschiedene Möglichkeiten: Sie können es selbst tun. Milliarden werden so investiert. Problem: Die meisten Zeitgenossen haben keine Ahnung, wie man eine Aktie analysiert, ein Portfolio strukturiert, wann man ein- und wann man aussteigt. Sie können es einem Profi überlassen. Milliarden werden so investiert. Problem: Die meisten Vermögensverwalter schneiden auf Dauer schlechter ab als der Markt. Unter dem Strich ist es vielleicht sogar schwerer, einen guten Profi zu finden als eine gute Aktie. Sie können in einen Indexfonds investieren. Auch so werden Milliarden investiert. Problem: Langfristig gesehen sind schlechte Ergebnisse beinahe garantiert. Sie können dieses Buch lesen und etwas ganz anderes tun. Auf diese Weise wird nicht viel Geld investiert. Noch nicht.Lassen Sie sich von Joel Greenblatt das Geheimnis erfolgreichen Anlegens zeigen. Der erfahrene Hedgefondsmanager erklärt, wie jeder den Markt, die Indexfonds und auch die Experten schlagen kann. Grundlage ist sein Ansatz, der auf den Prinzipien des Value Investings, des gesunden Menschenverstands und der nötigen Disziplin beruht.

"Die Börsen-Zauberformel" ist der zweite Börsenratgeber aus der Feder von Joel Greenblatt, einem ehemaligen Hedgefondsmanager. Sein Erstlingswerk "You Can Be a Stock Market Genius" avancierte bereits 1997 in der Hedgefondsszene zur Kultlektüre. Dieses Buch nun richtet sich aber nicht an seine ehemaligen Kollegen. Diesmal wollte Greenblatt ein Börsenbuch verfassen, das sogar seine Kinder problemlos verstehen können. Entsprechend einfach und auch amüsant ist sein Werk zu lesen. Der Autor erklärt für jeden verständlich seine "Zauberformel" für mehr Börsenerfolg. Er zeigt Anlegern, wie verblüffend einfach die Auswahl der besten Aktien sein kann - und bringt ihnen nebenbei die Grundlagen des Investierens bei. Die US-Fachpresse reagierte begeistert. Der Kommentar der "Financial Times" war knapp, aber schmeichelhaft: "The Book of the Year!"

Entdecken Sie mit Joel Greenblatt Ihre persönliche Schatzkarte zu außergewöhnlichen Anlagechancen, die von Portfolio-Managern, Wirtschaftsprofessoren und Top-Investmentexperten regelmäßig übersehen werden. In diesem praktischen Investmentführer zeigt er Ihnen, wie Sie Spin-offs, Umstrukturierungen, Fusionen, Insolvenzen und weitere profitable Situationen nutzen können. Gefüllt mit Fallstudien, wichtigen Hintergrundinformationen und nützlichen Tools, ist dieses Buch Ihr Schlüssel zum Erfolg an der Börse. Alles, was Sie brauchen, ist ein wenig zusätzliche Zeit und Mühe – und schon können Sie ein Börsengenie sein.

¿Quiere lograr el máximo rendimiento para su dinero? Este pequeño manual pone a su alcance un método que ya ha demostrado su eficacia en el mundo de las grandes inversiones, un mercado que puede resultar misterioso a simple vista pero cuyo balance es siempre positivo para los que saben aprovechar la ocasión. La fórmula de Joel Greenblatt será su guía a la hora de invertir de manera sencilla y con un amplio margen de seguridad: usted mismo, sin necesidad de complicados análisis financieros, será capaz de escoger aquellas empresas cuyas acciones posean un mayor potencial, y también conocerá de antemano cuál es el momento idóneo para realizar cada adquisición. The little book that beats the market es una herramienta indispensable para diversificar sus inversiones de una forma racional. Y lo más importante: descubrirá que puede duplicar las ganancias que proporcionan las estrategias convencionales.

In 1952, in a seminal paper published in the Journal of Finance, Professor Harry Markowitz called diversification “the only free lunch in finance.” Of course, Markowitz went on to win the Nobel Prize for his groundbreaking work which still serves as the cornerstone of investment strategy for academics and professionals alike. And while, to this day, the concept of diversification has stood the test of time, the whole “only free lunch in finance” thing is about to go the way of the dodo (just like that expression). You see, there’s a new Little Investment in town, and as hard as it is to believe, investors can now and forevermore get started on their second free meal. What makes something a “free lunch”? How about an investment that sounds too good to be true? Though this Little Investment just doesn’t seem fair and shouldn’t even exist–now it does. If you’re still young, here’s a way to save for retirement in a tax-advantaged way while achieving higher compounded returns. But if you’re older, perhaps achieving higher portfolio returns while taking less risk is more appealing. This Little Investment can do that too! If you’re from the “if this is so great, how come it hasn’t been done before” school of investing, we feel your pain. But nothing can be done about that now. That’s actually what makes this investment opportunity new. Investors both young and old will now, for the first time anywhere, have a chance to learn about the fascinating, fun and previously untold story behind The Little Investment that Beats the Market.

Praise for The Little Book That Beats the Market "A landmark book—a stunningly simple and low-risk way to significantly beat the market!" —Michael Steinhardt, the Dean of Wall Street hedge fund managers "Simply perfect. Joel has made beating the market both simple and clear. One of the most important investment books of the last 50 years!" —Michael F. Price, MFP Investors, LLC, and called "Wall Street''s Foremost Value Investor" by Fortune magazine A GUIDE TO BEATING THE MARKET FOR ALL AGES Two years in Business school won''t teach you how to beat the market. Two hours with The Little Book That Beats the Market will. Let Joel Greenblatt, founder and a managing partner at Gotham Capital (with average annualized returns of 40% for over twenty years), show you how "beating the market" can be made simple and easy. The Little Book That Beats the Market does more than simply set out the basic principles for successful stock market investing, it provides a "magic formula" that is easy to use and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a clear breakthrough in the academic and professional world, the commonsense method is convincingly explained using sixth grade math skills, plain language, and humor. Readers will learn how to use this low-risk method to beat the market and professional managers by a wide margin. Along the way, readers will also learn how to view the stock market; why success eludes almost all individual and professional investors; and why the formula will continue to work even after everyone "knows" it.

Est-il possible d''apprendre, en deux heures, comment " battre le Marché " ? Est-il possible d''investir aujourd''hui en Bourse 10 000 dollars, ou 10 000 euros, et de récolter 1 million de dollars ou d''euros une quinzaine d''années plus tard ? Aussi incroyable que cela puisse paraître, la lecture du Petit Livre qui bat le Marché vous le permettra. Suivez son auteur, Joel Greenblatt, dont le fonds d''investissement obtient un rendement annuel moyen de 40 % depuis près de vingt ans. Il vous montrera que " battre le Marché " - et les professionnels - avec le minimum de risques est à la portée de chacun d''entre nous. Sa méthode a été validée par d''innombrables tests, sur les Bourses américaines comme européennes. Joel Greenblatt la dévoile avec brio, dans un langage simple et plein d''humour, sans recourir à aucune notion technique ou mathématique. En chemin, vous comprendrez le fonctionnement réel de la Bourse et vous saurez pourquoi l''efficacité de la méthode ne se démentira pas, même si tout le monde vient à la connaître. Présent sur toutes les listes de best-sellers avec plus de 300000 exemplaires vendus, Le Petit Livre qui bat le Marché a été salué par la presse financière la plus sérieuse comme un événement majeur : " L''un des meilleurs guides jamais écrits pour investir en Bourse ". (Wall Street Journal)

A hedge fund manager and Columbia Business School professor shows how "beating the market" can be made simple and easy for investors of any age, updated by an afterword covering the recent financial crisis. Can you spare three hours to learn how to beat the market? As unlikely as it may seem, hedge fund manager and professor Joel Greenblatt, whose investment firm has averaged 40% annual returns for over twenty years, can teach you how.

Est-il possible d''apprendre, en deux heures, comment "battre le marché" ? Est-il possible d''investir aujourd''hui en Bourse 10 000 dollars, ou 10 000 euros, et de récolter 1 million de dollars ou d''euros une quinzaine d''années plus tard ? Aussi incroyable que cela puisse paraître, la lecture du petit livre pour battre le marché vous le permettra. Suivez son auteur, Joël Greenblatt, dont le fonds d''investissement obtient un rendement annuel moyen de 40 % depuis près de vingt ans. Il vous montrera que "battre le marché" - et les professionnels - avec le minimum de risques est à la portée de chacun d''entre nous. Sa méthode a été validée par d''innombrables tests, sur les Bourses américaines comme européennes. Joël Greenblatt la dévoile avec brio, dans un langage simple et plein d''humour, sans recourir à aucune notion technique ou mathématique. En chemin, vous comprendrez le fonctionnement réel de la Bourse et vous saurez pourquoi l''efficacité de la méthode ne se démentira pas, même si tout le monde vient à la connaître.