On today’s episode, Clay is joined by Roger Fan to discuss Joel Greenblatt’s book, “You can be a Stock Market Genius.” Joel Greenblatt is one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million. 
He’s also the author of best-selling classics like “The Little Book that Beats the Market” and was a key character in William Green’s book, “Richer, Wiser, Happier.” 
Roger Fan is the Chief Investment Officer at RF Capital Management. RF Capital seeks to achieve superior risk-adjusted returns by investing in obscure, undervalued companies globally.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:22 - An overview of Joel Greenblatt’s background as an investor, author, teacher, and philanthropist.
06:22 - Why Greenblatt focused much of his attention on special situations to beat the market.
10:47 - What a spinoff is and why they are ripe hunting grounds for mispricings.
19:04 - One of Greenblatt’s favorite case studies for spinoffs.
21:01 - The three key characteristics to look for in a spinoff transaction for investors.
33:50 - How Joel Greenblatt views investing in bankruptcy deals.
58:50 - Which special situations Roger prefers to invest in.
01:11:03 - How Roger approaches concentration in his portfolio.
And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
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<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
<li>Roger’s Firm: <a href="https://www.rfcapitalmanagement.com/">RF Capital Management</a>.</li>
<li>Joel Greenblatt’s books: <a href="https://amzn.to/3V3CFzX">You Can Be a Stock Market Genius</a>, <a href="https://amzn.to/4eGnbIQ">The Little Book That Beats the Market</a>.</li>
<li>Related Episode: <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-win-the-investing-game-w-joel-greenblatt/">RWH003: How To Win The Investing Game w/ Joel Greenblatt</a>.</li>
<li>Related Episode: <a href="https://www.theinvestorspodcast.com/episodes/common-sense-investing-w-joel-greenblatt/">TIP339: Common Sense Investing w/ Joel Greenblatt</a>.</li>
<li>Follow Roger on <a href="https://x.com/rgrfan">Twitter</a> & <a href="https://www.linkedin.com/in/rgrfan/">LinkedIn</a>.</li>
<li>Follow Clay on <a href="https://twitter.com/Clay_Finck">Twitter</a>.</li>
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Stig T. Brodersen

Preston Pysh

William Green

Clay Finck

TIP677: You Can Be a Stock Market Genius w/ Roger Fan

On today’s episode, Clay is joined by Roger Fan to discuss Joel Greenblatt’s book, “You can be a Stock Market Genius.” Joel Greenblatt is one of the greatest hedge fund managers of all time. Greenblatt famously averaged 40% a year over 20 years. At that rate, $1 million grows into $836 million.  He’s also the [&hellip;]

We Study Billionaires Episode #960

TIP677: You Can Be a Stock Market Genius w/ Roger Fan