Many investors wouldn't recognize the name of Joel Greenblatt in India, but on Wall Street he has built a reputation for an excellent stock picker. It is said that his hedge fund, Gotham Capital, earned an annualized return of 50%+ over ten years. In fact after he had published his book, ‘You can be a stock market genius’, many hedge funds sprang up claiming to be following the approach Greenblatt’s book taught. It was on investing in special situations: take over, merger & acquisition etc.
