Joel Greenblatt, Gotham Asset Management-9/10 Families In Top 5th Of Income Chain Have Retirement Savings…| #260
In episode 260, we welcome our guest, Joel Greenblatt, Co-Chief Investment Officer of Gotham Asset Management. In today’s episode we’re talking about real proposals for real problems. We dig into topics that touch everyone in our society. We get into long-term savings, (by the way, nearly half of all working age families have zero retirement savings beyond what they might expect from social security) and discuss a novel tweak to the model that might deliver critical retirement savings for people who may not be in a position to save enough for retirement. We touch on our education system, where the core issues stem from, and how education might be able to be improved for all.
Key Points
- Joel Greenblatt believes that investing in people through programs like an expanded earned income tax credit is a cost-effective way to address inequality and actually yields long-term financial benefits for the country.
- Greenblatt advocates for an employer-led skilled immigration system, where companies would pay a tax to hire skilled immigrants, thus creating jobs and generating revenue that could be used for job training or helping unskilled immigrants.
- In his view of value investing, Greenblatt emphasizes the importance of evaluating businesses based on normalized cash flows and growth potential over time, rather than traditional metrics like low price-to-book or price-to-sales ratios.
Follow Joel: Website
Resources: Common Sense: The Investor’s Guide to Equality, Opportunity, and Growth
Chapters
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| 13:33 | |
| 23:20 | |
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| 40:03 | |
| 49:09 | |
| 57:07 | |
| 1:01:03 |
Transcript
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