Joel Greenblatt
Joel Greenblatt📌 Selling & Review

Joel Greenblatt's Selling & Review Rules

Joel Greenblatt (born December 13, 1957) is an American investor, hedge fund manager, and author. He is the founder of Gotham Capital, which achieved annualized returns of approximately 40% from 1985 to 2006, and is a professor at Columbia Business School. Greenblatt is best known for developing the "Magic Formula" investing strategy, a systematic approach that ranks stocks based on...

3 principles·Selling & Review

3 Key Selling & Review Principles

#1

Sell Discipline Rules

"Have clear, pre-defined sell criteria. Sell when: your thesis is broken, valuation is fully realized, or a significantly better opportunity appears."

Follow pre-defined sell criteria without emotion.

🌿 Intermediate★★★★★
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#2

Review Your Investment Thesis

"Regularly review whether your original reasons for owning a stock still hold. If the facts change, change your mind. Holding a broken thesis is the costliest mistake."

Regularly challenge your original investment thesis.

🌿 Intermediate★★★★☆
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#3

Learn from Past Sells

"After every sell, review the outcome. Did you sell too early, too late, or at the right time? Post-mortems on sell decisions improve future judgment."

Post-mortem every sell decision to improve.

🌿 Intermediate★★★★☆
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Frequently Asked Questions

What are Joel Greenblatt's key selling & review principles?

Joel Greenblatt has 3 key principles on selling & review. The most important one is "Sell Discipline Rules" — Have clear, pre-defined sell criteria.

How does Joel Greenblatt apply selling & review in practice?

Joel Greenblatt applies selling & review through several key principles including "Sell Discipline Rules" and "Review Your Investment Thesis". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes Joel Greenblatt's approach to selling & review unique?

Joel Greenblatt's approach to selling & review is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Joel Greenblatt provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.

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