Tuesday, June 30, 2009

Questions and Answers with Joel Greenblatt

Given the recent market declines, do you still believe in a concentrated portfolio?

JG: I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Actually, last year should give pause to people who think diversification among many stocks in an equity portfolio results in a significant degree of added safety versus owning stakes in a few well-chosen companies.

Read the interview