Reuters
Synopsis
Joel Greenblatt's ‘Magic Formula’ is a unique investing strategy that combines Warren Buffett’s value investing and Benjamin Graham’s deep-value approach. It provides a systematic way to identify potentially undervalued stocks with strong profitability. By combining earnings yield and ROIC, investors can uncover promising investment opportunities over the long term. But then one can’t ignore the risks.
Investment lessons can be found anywhere — even in dog racing. In a candid interview on Bloomberg Radio with Barry Ritholtz, hedge-fund manager and value investor, Joel Greenblatt shared a unique story unrelated to investing. According to him, while vacationing in Florida, he and his cousin would discreetly visit the dog track for some betting excitement. It wasn't just about winning money; part of the thrill was sneaking in. Even when they
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