Here, in this witty and accessible guide, you'll learn the secret hiding places of stock market profits. You'll see how simple it is to succeed where the professionals and the professors have failed.
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Can a book teach you how to beat the pants off the stock market? After all, billion-dollar portfolio managers can't do it - and if they can't, they figure no one can. Business-school professors not only say it's impossible, but they can cart out plenty of statistics to prove it. So, why should you buy this book? Because Joel Greenblatt has been beating the pants off the stock market (with returns of 50 percent a year} for more than ten years. And now he's willing to show you how to do it too.
Here, in this witty and accessible guide, you'll learn the secret hiding places of stock market profits. You'll see how simple it is to succeed where the professionals and the professors have failed. No special tools are required. No degrees are needed. All it takes is a little time and a little effort, and You Can Be a Stock Market Genius.
But who's Joel Greenblatt and why should you listen to him? He's the former chairman of a Fortune 500 company and founder of Gotham Capital, an investment partnership whose stock portfolio achieved returns of $52 for each $1 invested at its inception. Now he's ready to reveal all his secrets.
This book will show you how to uncover the investment opportunities that the experts are actually trained to miss.
You'll learn the hidden value and the incredible profits that lie waiting in those uncharted areas where the individual investor has a huge advantage over the Wall Street pros. This is not a book full of theoretical possibilities; You Can Be a Stock Market Genius is a practical guide to finding those special situations in which big profits are possible. It's all here, including specific case studies, the background information you need, and the tools you'll use. If you're an investor who wants to beat the market, you've come to the right place. If you want to be a stock market genius, just think of this book as your personal treasure map to the secret hiding places of the stock market profits that you've been looking for.
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Table of Contents:
1. Follow the Yellow Brick Road - Then
Hang a Right - 13
2. Some Basics - Don't Leave Home Without
3. Chips Off the the Old Stock: Spinoffs,
Partial Spinoffs, and Rights Offerings 53
4. Don't Try This at Home: Risk Arbitrage
and Merger Securities 129
5. Blood in the Streets (Hopefully, Not
Yours): Bankruptcy and Restructuring 163
6. "Baby Needs New Shoes" Meets "Other
People's Money": Recapitalizations and Stub
Stocks, LEAPS, Warrants, and Options 201
7. Seeing the Trees Through the Forest 237
8. All the Fun's in Getting There 263
Appendix: Gotham Capital 271
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