Joel Greenblatt: Avoiding Value TrapsRupert Hargreaves
Falling into a value trap is one of the biggest risks value investors face. Unfortunately, there is no set framework for analyzing and discovering traps or even a fixed description of what constitutes a value trap.
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However, according to Wall Street legend Joel Greenblatt, a value trap can be defined as a "low return" business or a company that is destroying value . . .
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