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Investment trusts, listed companies that manage investment portfolios, suffer a longstanding problem: share prices that don’t reflect the value of their underlying assets.
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GuruFocus Interview with Renowned Investor Joel Greenblatt
By gurufocus. Joel Greenblatt is a renowned investor who invented Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). He is the founder and Co-CIO of Gotham Capital, an investment partnership that achieved 40 percent annualized returns for the 20 years after its founding in 1985, and adjunct professor at Columbia Business School. Mr. Greenblatt has written …
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