Vista Partners Quote of the Day Regarding Investing in “Spinoffs”
“The facts are overwhelming. Stocks of spinoff companies, and even shares of the parent companies that do the spinning off, significantly and consistently outperform the market averages.” – Joel Greenblatt
Joel Greenblatt, born December 13, 1957, is an American academic, hedge fund manager, investor, and writer. He is a value investor and adjunct professor at the Columbia University Graduate School of Business.
He is also the author of “You Can Be a Stock Market Genius”. A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you may find helpful to become a stock market genius.