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I read this book because, according to "The Big Short" by Michael Lewis, some of the clever people who foresaw and profited from the financial collapse used this book as a how-to reference guide to investing. I just finished reading it, and haven't tried any of the techniques, but they all seem to make sense.Starting from a Benjamin Graham/Warren Buffet value-investing view that recommends investing in stocks that are undervalued by the market, author Joel Greenblatt recommends certain situation...
Unfortunately dated. It probably gave some great "secret" advice when first released but now hedge funds and mutual funds have been designed around his ideas. He describes opportunities mostly in special opportunities including:1) spinoffs, 2) arbitrage, 3) bankruptcy and restructuring, 4) recapitalizations.Maybe once this stock market cycle has run its course, the book will be relevant again.
So glad that I am a stock market genius now. :DI started reading it because it was mentioned a couple of times in 'The Big Short' by Michael Lewis and most of the people who emerged winners in the 2008 downturn had vowed by this book. The book highlights the special situations where value waiting to be unraveled. The author does a great job of describing all the situations in great detail. Though this is supposed to be a beginner's book, it would make a wonderful read for anybody who is interest...
An excellent book overall. Very different from almost all other value investing books as it focuses on finding special situations to invest in. This book really opened up my eyes to some new areas opportunities that I should be looking at. Once you've read the classic value investing texts it's great to discover something like this that helps investors discovers new hunting ground. Value investors should always be on the lookout for unchartered territory and this book opens up your eyes to some
I love Joel's writings. They're simple, well explained, funny, relevant, and very well thought out. This book is a bible for dealing with special situations. I have not seen anything that comes even close to making so much sense and offering this amount of opportunity for vicarious learning in the area.
The book provides extensive and interesting examples of opportunities that can be exploited in spinoffs, takeovers, mergers, corporate restructurings, right offerings, and, to your disbelief, bankruptcies. In other words, "special situations".The book may be suitable more to those with finance and/or investment backgrounds but some experience in the stock market may be enough. The author has other books that are easier for the nonspecialists.Published in 1997 so the examples will not be too rece...
A excellent exploration of some unique investment opportunities, and some ways to help you determine how far off the market’s pricing of a stock is. I really enjoyed the writing style, it made reading about some relatively complex topics painless and even fun. It’s certainly made me more keen to develop a greater understanding of how markets work.
This is the best book I've been able to find on event-driven investing. Greenblatt addresses mergers, spinoffs, recapitalizations, etc. What's more, he explains to the reader why these situations create so much opportunity. For example, spinoffs can divest a company's interest in a relatively small business or a business that is unrelated to their main business. Shareholders often unload the shares because they don't understand the smaller business or, for mutual funds, are forced sell due to th...
Agree with Tim Ferriss - this is a stupid book title but the book itself is very good.It lays out how to find opportunities where nobody else is looking by taking advantage of your own research and seller psychology in a very straight forward and easy to digest way. I honestly would never to think of investing in any of the areas Greenblatt suggest before this, but now I have a new lens to evaluate profitable opportunities.
The ideas are simple to understand. No rocket science here. Almost as though Joel was trying to teach primary school kids on how to earn some extra cash through stocks. However, do not take his words as a biblical practice. The book was written more than a decade back so you will still need to do your own homework if you really want to outperform the market.
Greenblatt introduces readers to the world of investing in special situations. He usually introduces the theories, give several case studies and then provides a summary. Very easy to read, great sense of humor. Highly recommend for those new in investments.
Have you read "The Big Short"? I got the reference for this book from it, yet never got a chance to sit down and actually read it. My main concern about the book was that it was published to long ago, before the crisis, before the modern stock exchange rules and terminologies. Still, I decided to give it a try. It was absolutely worth it. The book is not selling you some mambo-jumbo crap on how to get rich in a minute, it provides you with the way of thinking. An easy read (if you are familiar
Perfect book for beginning enterprising investors. Same goes for advanced investors wishing to find several motivated seller situations. Very well written: concise, full of wisdom and explaining/summarising motivated seller situations and why. Joel followed Einstein's advice 'Everything should be made as simple as possible, but no simpler'. Very powerful book!
Practically a gateway drug(book) to special situation investing. Witty writing style with real life (albeit old) cases make it so much more enjoyable. Even though I wish there were more details on the research process, I fully understand the author's intention to merely spark interest. The resources page is definitely worth bookmarking.
There a a few books, you'd wish you read earlier. This is one of those.
With this his first book, superstar investor Joel Greenblatt tried to bring the process that gave him his early success to the general public. Even though the author is broad within his niche - special situations - the area in itself is specialized and also highly labor intensive making the venture doomed to failure. Instead the book became an instant classic among hedge fund managers.The basic premise of the book is that it pays off to search for areas where there is a high probability of findi...
Marvelous. I wouldn't recommend that anyone else read this book (lest they steal the fun, new investing strategies that I stole).
If you are a committed index investor (like I am) then you may want to pass on this book. However, if you are willing to experiment and take some risks with active strategies, the methods in this book are a great place to start.
An awesome book for people trying to make their mark on the stock market. Joel Greenblatt explains in a very simple manner the complexities of investing in stock market. The book does not answer the "how" part of investing, it does not talk about the mechanisms of the stock market. Rather, it caters to a more fundamental question: the 'when' and 'where' to invest. The author, from his experience, has highlighted extraordinary events like spin-offs, mergers, restructurings etc where people can ma...
Originally published in 1997, 1CYou Can Be A Stock Market Genius 1D remains popular today and is enthusiastically endorsed in a number of reviews on the internet. The author, Joel Greenblatt, ran hedge fund Gotham Capital racking up a 50% average annual return over a 10 year period spanning the mid 80 19s to the mid 90 19s. 1CYou Can Be A Stock Market Genius 1D reveals how he did it and suggests that a motivated individual could do it too, even if he wasn 19t all that smart. Mr. Greenblatt has s...
The book has the lamest title, and the first impression isnt good when the author starts the introduction with regurping Ben Graham's Intelligent investor.But from there on the book improves. It shows examples of special situations - which I have spendt a long time trying to learn from seasoned traders at chat-forums like Xtrainvestor.com. There are opportunitites like bankruptcy, IPO's , Spinoffs and mergers where the efficient market hypotesis clearly is invalid - and Mr. Market rules. “What c...
Overall, a very well written and straight forward book on investing. This book has opened up a whole new area of investment that was unknown to me. And while I might fail at implementing some of these strategies, I am very excited to at least start the process of trying to uncover some hidden opportunities.Joel Greenblatt gives you a disciplined approach to seeking out bargains that ultimately seems to pay off. With a bit of time and effort, the average investor can gain from the strategies in t...
I really enjoyed this book. Like the book proclaims; it provides insightful advice where other investment book would otherwise shy away from. Personally, it has opened up several areas of opportunity where I would otherwise have never second guessed.Pros:Relatively easy readSummarizes all the chaptersUnique insightCase StudiesCons:Needs more evidence/supportNeglects other methods of investing/trading
One of the best investing books I have read and will be sure to recommend to others. While having many years of investing experience already this book looks at special situations like companies involved in spinoffs, mergers, coming out of bankruptcy, restructuring, LEAPS. All areas are not ones I have paid close attention to but now feel prepared to investigate for future opportunities. A great tool and service for any investor to have in their repertoire.
If event driven investing turns your gears this is the book for you. LEAPs, warrants, spin-offs, mergers, bankruptcy, and stub stocks are all covered, presenting the reader with a cornucopia of obscure investment ideas. Greenblatt is a genius and funny to boot. Learn to make a fortune and read this book.
Dont get put-off by the cheesy and shady title - YCBaSMG is a superb book that focusses on special situations that arise from time to time in the markets and how a smart (and hard-working) investor can profit tremendously from these situations. The book does a really good job of showcasing these situations. Not too hard to read either (well except a few chapters)!!
Don't be turned off by the hokey title. This is a readable, entertaining guide to investing in spinoffs, turnarounds and special situations. Joel Greenblatt runs a successful hedge fund and knows his stuff. For intermediate investors.
Several great investing ideas relating to special corporate situations. Not for the average investor. If you had enough money and wanted to quit your day job and do lots of reading and research this would be a great strategy.
Easily one of the top 3 worst titles I've ever seen for a book; easily one of the top 3 books on investing I've ever read.
This is the investment book I wished I had read 10 years ago and would have read it 10x already by now. But better late than never