Distinguished Speaker Series: Joel Greenblatt

The shift to passive management is a powerful trend dominating the investment industry. The liquidity, lack of tracking error, and low costs associated with passive investing are clearly attractive. However, active management is the only way to truly outperform the market as a whole over time. Gotham Asset Management founder and co-CIO Joel Greenblatt shared his thoughts on the debate and provided insights on ways to navigate the changing landscape during CFA society Chicago's Distinguished Speaker Series luncheon on December 5, 2018.

21 Comments

  1. It would be more helpful if the video had shown what Joel was trying to explain on his slides instead of just focusing on him alone.

    1. This event ended up having a last minute change on how we were recording which affected that. Also we do sometimes have speakers request that we not include the slides on the recorded presentation that gets posted.

  2. One of the most comprehensive talks he’s given. Basically the whole MBA course in reduced form. Fabulous Joel!

    1. Oddly…. everyone is too busy with food!
      That proves that the market is inherently (informational) inefficient.

  3. “I tell my students that if they do good valuation work, the market will agree with them.”
    “The big secret is patience.” Joel Greenblatt.

    Still a secret because most of the 8 billion people has yet to view this.
    Market inefficiency is another way of referring to ignorance.

  4. Great speaker but minor complaint: I’ve watched 3 or 4 videos of him in recent days and he always uses the same 3 or 4 stories.

    Then again, it’s similar with bible readers, given it’s a book that was written over 1600 years, there are not a lot of stories to use, especially among the gospels. 3 1/2 years of constant preaching, but you could read the entirety of them in like 3 or 4 hours.

  5. Who the hell organized this?The audience is munching on dinner while he is speaking.If i were him i would run not walk away from the people who are running this organization.

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