The United States is supposed to offer economic opportunity to everyone. So why are so many people left out in the cold? Globalization and technological change have ravaged the workforce. Hostile immigration policies actually keep Americans from getting jobs. Our education system is deeply unequal, denying opportunity to millions right from the start. Still, we can't seem to break from the status quo.
In Common Sense, Joel Greenblatt offers an investor's perspective on building an economy that truly works for everyone. With dry and self-deprecating wit, he makes a lively and provocative case for disruptive new approaches-some drawn from personal experience, some from the outside looking in. How do we ensure that all children have an opportunity for a good education? Does getting a college degree have to be a requirement for getting a good job? If we subsidize banks, how do we ensure that the risks and rewards are distributed fairly? Greenblatt shows why expanding an already existing program might help more people than raising the minimum wage, how dramatically increasing immigration would be like giving every American a bonus, and the reason Australia might be the best place to learn about saving for retirement. Not everyone will agree with what Greenblatt has to say-but all of us can benefit from the conversations he aims to start.
A comprehensive and practical guide to the stock market from a successful fund manager-filled with case studies, important background information, and all the tools you'll need to become a stock market genius.Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he's going to show you how to do it, too. You're about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss-uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including: · Spin-offs · Restructurings · Merger Securities· Rights Offerings · Recapitalizations· Bankruptcies· Risk Arbitrage
The Little Book that Beats the Market
When it comes to investing in the stock market, investors have plenty of options:
1. They can do it themselves. Trillions of dollars are invested this way. (Of course, the only problem here is that most people have no idea how to analyze and choose individual stocks, how to construct a stock portfolio, when to buy and sell, and most have no idea how much to invest in the first place.)
2. They can give money to professionals to invest. Trillions of dollars are invested this way.
(Unfortunately, most professionals actually underperform the market averages over time. In fact, it
may be even harder to pick good professional managers than it is to pick good individual stocks.)
3. They can invest in traditional index funds. Trillions of dollars are also invested this way. (The
problem is that investing this way is seriously flawed-and almost a guarantee of subpar investment
returns over time.)
4. They can listen to The Big Secret for the Small Investor and do something else. Not much is invested
this way. Yet…
Let top hedge-fund manager and New York Times bestselling author Joel Greenblatt take you
on a journey that will reveal the Big Secret for both individual and professional investors. Find
out how anyone can beat the market, the index funds, and the experts by following a new
approach that relies on the principles of value investing, common sense, and quantitative discipline.
Along the way, learn where "value" comes from, how markets work, and what really
happens on Wall Street. By journey's end, small investors (and even not-so-small investors) will
have found their way to some excellent new investment choices.
Joel Greenblatt provides a guide to beating the market for all ages. In addition to setting out the basic principles of successful stock market investing, he provides a 'magic formula' that is easy to use and makes buying good companies at bargain prices automatic.
