Joel Greenblatt
16 statements across 5 episodes · 7 bullish · 3 bearish · 5 people on the record · first statement Apr 16, 2018 by Steve Galbraith · said 23 times in 6 episodes since 2017 · across every show →
On the record as a speaker too: Joel Greenblatt's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Hayden Brain (10), Steve Galbraith (5), Adam Wyden (5), Yen Liow (1), Ted Seides (1), Adrian Meli (1)
tap a year for its mentions
2025 1 mention in 1 episode
2022 16 mentions in 2 episodes 8 per episode
2021 1 mention in 1 episode
2018 1 mention in 1 episode
2017 4 mentions in 1 episode
Everything said about Joel Greenblatt, oldest first
Apr 16, 2018 positive
Galbraith: Appointing trusted friends to corporate boards improves governance
“And so, you know, some people would argue that's nepotistic, or it's not the way you're going to lead to good governance. I couldn't disagree more. I mean, because we know each other, Joel Greenblatt's on the board as well, Charlie Johnston, who had run distri…”
Nov 23, 2020
Nov 23, 2020 negative
Greenblatt's biggest mistake was misunderstanding operating leverage in a trade show company
“Operating leverage, I invested in a company that was a trade show company, where you could get unlimited space in Las Vegas, so it only cost them two dollars a square foot for the space, and they could re-rent it out for the trade show at 62 dollars. So the mo…”
Nov 23, 2020
Greenblatt: Top 50 urban minority students face 1-in-11 college graduation rate
“If you live in a top urban center, top 50 urban center, and you are low income or a minority, your chance of graduating college are one out of 11. We know that college graduates earn 70% more than high school graduates and high school graduates earn 30% more t…”
Nov 23, 2020 neutral
Greenblatt: Milken agreed to seed Gotham Capital after a single phone call
“And three years into it, one day I called my friend who was working for Mike Milken. And I said to him, gee, if I could raise X dollars, I'd go out on my own and run a fund. And he called me back the next day and said, Mike said fine.”
Nov 23, 2020 neutral
Milken doubled Greenblatt's ask while keeping Ron Perelman waiting on Revlon
“So I kept him there for an hour and I actually literally had Ron Perlman waiting in the next room to do the Revlon deal. And I kept him waiting there and he finally gave up on me and walked out, sent his brother in. And I got the deal from his brother and then…”
Nov 23, 2020 positive
Greenblatt: Private equity buys cash flows, not price-to-book factors
“I would argue that no private equity firm would buy a business because it's low price book or low price sales. They're looking at cash flows and how much they're going to grow and how secure those cash flows are, how certain they are of those cash flows. That'…”
Nov 23, 2020 bullish
Leveraged long-short portfolios require broad diversification to prevent catastrophic negative compounding
“And we ran through the math of it and it turned out you made more money when you go long, short and put on leverage with more diversified portfolios than concentrated portfolios because those bad periods end up in negative compounding and negative compounding …”
Nov 23, 2020
Nov 23, 2020 negative
Greenblatt: Staking small fundamental hedge funds is inefficient and overly labor-intensive
“I'm not wild about the idea of owning a piece of business where it's very labor intensive. These are usually very small shops with one, two or three managers who are working really hard to get a good return. And so while it's very helpful to get them started i…”
Nov 23, 2020 positive
Greenblatt: Buying Good Businesses Naturally Expands Margin of Safety Over Time
“Pretty quickly we realized that being involved in good businesses expands your margin of safety because you might buy in with some margin of safety, but the value of the business keeps going up. It expands your margin of safety. The value of the business is go…”
Nov 23, 2020 negative
Crowdsourced research models fail in oncology due to extreme sub-specialization
“Yeah, so we tried to have along the same lines as the Value Investor Club, almost set up identically where cancer researchers were actually posting their ideas, their research on the site, and it turned out that it's a very technical field. Even if you're a ca…”
Nov 23, 2020 positive
Greenblatt: Value Investors Club became an 'American Idol' for seeding hedge fund managers
“It sort of turned into an American Idol for hedge fund managers, where we really discovered some really smart people that I've been able to put money with over time. I don't do that anymore, but when it first got started, that was an unintended consequence tha…”
Apr 12, 2021 positive
Sep 5, 2022 positive
Seides: Joel Greenblatt's early Gotham fund compounded at 50% for ten years
“And not only were they six to eight positions, but he took as much risk as he could. He used to use leaps instead of just cash, you know, securities or stocks. And they compounded at 50% a year for 10 years, and then he retired.”
Sep 15, 2025 neutral
Meli: Spinoffs and special situations have become priced more rationally
“You didn't used to have dedicated distress funds of the size you have today. The special situations were really interesting. The Joel Greenblatt stuff. You could see a spinoff, a big fund house would get a stock, sell the stock, Indiscriminately. And you could…”