First published 1999
Joel Greenblatt has delivered 50 percent annual returns for over ten years, consistently outperforming the Dow. This practical guide reveals his investment strategies and shows readers how to identify profitable opportunities that professional portfolio managers and business school professors routinely overlook. Greenblatt focuses on special situations where individual investors hold significant advantages over Wall Street professionals. He provides detailed analysis of spin-offs, restructurings, merger securities, rights offerings, recapitalizations, bankruptcies, and risk arbitrage. The book includes case studies and background information to help readers understand each investment type. Greenblatt argues that these uncharted market areas offer the greatest potential for substantial profits. He equips readers with specific tools and frameworks to recognize and evaluate these opportunities independently.
Genres: business, non-fiction, finance
Vibes: informative, practical, thought-provoking
Tropes: expert-advice, insider-knowledge
285 pages · Paperback · Touchstone