Questions for Joel Greenblatt

Fellow value investing blogger, Shai Dardashti, has secured a meeting with Joel Greenblatt the author of The Little Book That Beats the Market.  In preparation for the meeting, he has asked the community for questions.  Here are the questions that I sent along to Shai to ask Mr. Greenblatt:

1.  What do you think of going private transactions in this post Sarbanes Oxley Act environment that didn’t exist when you wrote “You Can Be A Stock Market Genius”?  Do you think it is profitable for small investors to participate in these risk arbitrage opportunities associated with the reverse split/fractional shareholder cash outs used for some going private transactions?  How should investors be evaluating which of these opportunities are good and which ones are bad? 2. The Magic Formula produces an interesting list of companies.  Some of the profitable companies on this list however don’t appear to have sustainable competitive advantages and their high profits may be temporary.  When you personally use the results of the Magic Formula do you try to sort out which companies have sustainable competitive advantages versus the ones that don’t?  What other criteria do you use to select which companies to invest in from the result of the Magic Formula?

Do you have any other questions that you would like answered by Mr. Greenblatt?  Please post your questions below or send them along to Shai or me.

I wish Shai the best of luck with the interview.  I look forward to reading about his experience soon.  I’ll post a link to it when Shai posts his notes about the meeting with Joel Greenblatt.

5 thoughts on “Questions for Joel Greenblatt

  • January 22, 2006 at 2:10 pm
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    i am a first time investor with ten thousand dollars to work with. how do i go about buying stock without having to pay big fees? i just bought your book but what do you suggest for me?

    thank you.
    sarah

  • January 22, 2006 at 8:33 pm
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    Sarah –

    Shai already had the interview with Joel Greenblatt last week. Maybe the question came up during the meeting. He should be sharing the transcript of the meeting shortly. I’ll post a link to it here when the transcript is available.

    If your question isn’t answered in the meeting notes, we could probably tackle it here as a community.

  • January 24, 2006 at 9:04 pm
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    Has the transcript posted yet? An for Sarah Gross- InteractiveBrokers.com has the cheapest comission rates and fees around………not the most intuitive or easy to use site, but they are very good and cheap…….

  • January 24, 2006 at 10:32 pm
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    The transcript is not out yet. I should be coming out at any moment. I think Shai is just waiting for Joel Greenblatt to approve of it.

    Gordon – Have you used InteractiveBrokers.com for any special situation transactions, such as a going private transaction? I was also concerned about the inactivity fee that they list. I’m shopping for a new broker to replace BrownCo and it is down to moving more of my money into Firstrade or InteractiveBrokers. I was going to go with InteractiveBrokers, but I didn’t like the potential inactivity fee and I couldn’t find anyone who was using them. I’d love to hear more about your experiences with InteractiveBrokers.

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