Joel Greenblatt is an American investor, hedge fund founder, and author best known for The Little Book That Beats the Market and his accessible 'Magic Formula' approach to value investing.
Joel Greenblatt founded the hedge fund Gotham Capital, which posted extraordinary returns over many years, and teaches value investing at Columbia Business School.
His bestselling The Little Book That Beats the Market introduced the “Magic Formula,” a simple, systematic value-investing strategy that ranks companies by earnings yield and return on capital. His earlier You Can Be a Stock Market Genius explored special-situation investing. Both are prized for making sophisticated value-investing concepts accessible to ordinary readers.
Greenblatt is admired for distilling rigorous value-investing principles into clear, actionable strategies and for his track record as one of the field’s most successful practitioners.