[The Knowledge Project Ep. #111] Joel Greenblatt: Investing Made Simple

Shane: I’m curious, what have you learned in evaluating other investors? How do you distinguish between luck and skill?

Joel: Oh, well, I only know my little corner of the universe and I’m mostly looking at equities and how to value businesses. I started with one of my partners, John Petrie, something called The Value Investors Club back in 1999, for which we have to evaluate investors, reading applications actually, for people to join the club, which is how you get into it. I also have been teaching since 1996. So I grade a lot of papers of investors.