304 pages, 8.44 × 5.5 × 0.9 in
February 25, 1999
The following ISBNs are associated with this title:
ISBN - 10: 0684840073
ISBN - 13: 9780684840079
Read from the Book
Chapter 1Follow the Yellow Brick Road -- Then Hang a RightIt doesn't make sense that a book can teach you how to make a fortune in the stock market. After all, what chance do you have for success when you're up against an army of billion-dollar portfolio managers or a horde of freshly trained MBAs? A contest between you, the proud owner of a $24 "how to" book, and these guys hardly seems fair.The truth is, it isn't fair. The well-heeled Wall Street money managers and the hotshot MBA's don't have a chance against you and this book. No, you won't find any magic formula in chapter 8, and this isn't a sequel to How to Succeed in Business Without Really Trying, but if you're willing to invest a reasonable amount of time and effort, stock market profits, and even a fortune, await.Okay: What's the catch? If it's so easy, why can't the MBAs and the pros beat your pants off? Clearly, they put in their share of time and effort, find while they may not all be rocket scientists, there aren't many village idiots among them either.As strange as it may seem, there is no catch. The answer to this apparent paradox -- why you potentially have the power to beat the pants off the so-called market "experts" -- lies in a study of academic thinking, the inner workings of Wall Street, and the weekend habits of my in-laws.We start with some good news about your education: simply put, if your goal is to beat the market, an MBA or a Ph.D. from a top business school will be of virtually no help. Well,
Table of Contents
1. Follow the Yellow Brick Road -- Then Hang a Right
2. Some Basics -- Don't Leave Home Without Them
3. Chips Off the Old Stock: Spinoffs, Partial Spinoffs, and Rights Offerings
4. Don't Try This at Home: Risk Arbitrage and Merger Securities
5. Blood in the Streets (Hopefully, Not Yours): Bankruptcy and Restructuring
6. "Baby Needs New Shoes" Meets "Other People's Money": Recapitalizations and Stub Stocks, LEAPS, Warrants, and Options
7. Seeing the Trees Through the Forest
8. All the Fun's in Getting There
Appendix: Gotham Capital
From the Publisher
A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you’ll need to become a stock market genius.
Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he’s going to show you how to do it, too. You’re about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss—uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including:
· Merger Securities
· Rights Offerings
· Risk Arbitrage
About the Author
is the founder of the New York-based Gotham Capital, a private investment partnership whose stock portfolio achieved returns of $52 for each $1 invested at its inception, and a former chairman of a Fortune
500 company with more than $1 billion in sales. Greenblatt holds a B.S. and an M.B.A. from the Wharton School. He lives on Long Island and works in Manhattan.
From Our Editors
Playing the markets with superb perception, fund manager Joel Greenblatt has brought in consistent 50 per cent annual returns for more than a decade. In You Can Be A Stock Market Genius he reveals his secrets, giving readers investment insight and opportunities by explaining the key patterns of spin-offs, mergers, bankruptcies, restructurings and recapitalizations. This is a practical and easy-to-use investment reference, filled with case studies and all the pertinent information you need to become a genius.
Alan C. "Ace" Greenburg Chairman of the Board, Bear Stearns Joel is my kind of guy -- very, very long on common sense. This book is great!