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.

[@quairan2099]

Lol do these people know who he is? I wouldn't even be eating. This guy is a legend.

[@chiawildy563]

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

[@arnabbhattacharya6579]

@@chiawildy563 Maybe the food is better than JG. Kidding. ..he's a great speaker

[@Milziade490ac]

Good to know that that’s our competition

[@ultracycling_vik]

Thought the same.

[@jimludlow5675]

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

[@jimtwisted1984]

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.

[@cryptogoth]

Sound cutting out is distracting from the usual great content from JG

[@mariamanos5461]

Its amazing how everybody stopped eating as soon as the graph of the returns showed up on the screen.

[@thewarrenbuffettspreadsheet]

How silly to serve food/eat when a speaker is speaking

[@NasdaqSlayer]

I know, so disrespectful lol I can't even listen

[@AuditorInvestor]

True successor to Ben Graham

[@cliff2291]

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.

[@jimludlow5675]

Said he only had one slide

[@CFASocietyChicago]

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.

[@chiawildy563]

"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.

[@jimjackson4256]

Zero doesn’t compound well.I can attest to that.

[@BibinBCherian]

Great talk. Thanks for sharing.

[@thomasbayer1843]

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.

[@aaryanmehta4609]

I agree, not everyone gets it but.

[@manunes4598]

You are right but actually investing is incredibly easy and hard on the same at the same time . If you like to , you could make a 1 day speech and one person knows enough of the stock market and valuation , stock picking then being better then 80% . But then the hard part starts and emotion ruin everything

[@SnapBackCollector211]

His Business Valuation is a pricing measure.

[@roym1444]

You must be listening to Aswath

[@Fj8282haha]

Putting Joe as luncheon speaker is very “interesting…”😂😂😂😂😂

[@iceyred6668]

Yay! [18%] //nd.D