Description
You can be a Stock Market Genious, Joel Greenblaat – You can be a Stock Market Genious, You can be a Stock Market Genious download, Joel Greenblaat – You can be a Stock Market Genious review, You can be a Stock Market Genious free torent
Joel Greenblaat – You can be a Stock Market Genious
Product Description
Synopsis
Discusses the secrets of profitable investment, explaining mergers, restructurings, and other lesser-known money-making opportunities.
From the Author
Interview with Joel Greenblatt
Q: Where do you find “the secret hiding places†of stock market profits described in your book?
A: You don’t have to look under Love Canal or get shot down spying over some secret Russian miliary base to find them, but the truth is stock market profits can be hiding anywhere-and their hiding places are always changing. In fact, the underlying theme to all of the investment opportunities described in my book is change. Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits runs the gamut-spinoffs, mergers, restructurings, right offerings, bankruptcies and more. If the indiviual sticks to looking for investment opportunities in these “secret hiding places†he or she has a huge advantage over the investment pros- and everyone else-just going in. This may sound pretty complicated, but once you learn what to look for in the daily paper, it becomes pretty obvious.
Q: How did you discover them?
A: It wasn’t a calculated plan. I just decided to look for opportunities in places that everyone else appeared to be ignoring. For instance, in the case of spinoffs, shareholders of a parent company are distributed shares in a subsidiary or division they never asked for. So they simply sell them. I look at these situations because time and time again this system of distributing shares to investors who don’t want them creates wonderful buying opportunities. Studies have shown that just by investing in spinoffs investors can double the return of the market averages. And if you learn to pick your spots in an area like spinoffs you can do even better.
Q: Why haven’t others found out about them?
A: It’s really just the way the system works. Analysts aren’t set up to follow companies undergoing extraordinary change. They’re really fixed on analyzing companies of a certain size within their own industry group. Anything that falls out of this narrow focus falls by the wayside. Most institutions can’t be bothered to follow these situations either. They aren’t being sold or promoted by the investment firms and they may be too small or too out of the way or just too weird for them to bother with.
Q: Will an English major with no financial background be able to understand the investment strategies and financial concepts in your book?
