“Stop analyzing stocks as data and statistics and start analyzing businesses,” that’s what Joel Greenblatt told students of his Special Situation Investing Classes at Columbia University Business School according to transcripts of the lessons in the early 2000s. Q4 hedge fund letters, conference, scoops etc Greenblatt concentrated on valuation throughout his lessons, telling students that “Value investing is not just buying low P/E multiples,” it is “buying something at a discount to what you think it is worth.” He advocated building a concentrated portfolio made up of no more than 20 positions, waiting for the fat pitch and only investing…
Stop Analyzing Stocks, Start Analyzing Businesses
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk