No investor influenced Adam Wyden’s deep value approach more than Joel Greenblatt , whose Gotham Capital posted 50% annu-alized gross returns from 1985 to 1995 before returning capital. Greenblatt then authored four investment books. Wyden’s favorite is You Can Be a Stock Market Genius, considered the bible of spinoff investing, which tipped him off to his investment in Ferrari via Fiat Chrysler. Green-blatt now runs a novel mutual fund called Gotham Index Plus (GINDX),which marries disciplinedvaluation-driven stock pick-ing with passive index investing. It invests in the S&P 500 Index, but overlays Green-blatt ’s analysis of its constituents, with bets on com-panies he deemsundervalued and against expensive names. GINDX is up nearly 20% in 2021 thanks to Greenblatt ’s value-approach. GINDX’s biggest holdings are Microsoft , Amazon, Facebook and Google.
HOW TO PLAY IT
According to Joel Greenblatt
