Who is Charlie479?
Charlie479 is an outstanding investor turned fund manager, who runs a fund that has produced excellent returns since 2004. (Charlie is not his real name—just his username that he used for his write-ups on Joel Greenblatt's Value Investors Club.
Value Investors Club was founded in 1999 by Joel Greenblatt and John Petry to provide sophisticated individual and professional investors with a forum to exchange investment ideas free from the noise that populates so many investment websites.
According to founder Joel Greenblatt, VIC has about "a 2-3% acceptance rate" and fewer than 250-500 members globally.
But Value Investors Club is the rare medium where partners at hedge funds will anonymously discuss stocks with investors they know nothing about. It's a place where anyone with good ideas can establish a reputation as an ace investor—and make a name for themselves in the world of big money managers.
Joel Greenblatt Profile
Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC), Greenblatt is founder and managing partner of Gotham Asset Management, LLC.
Greenblatt's wealth comes from being Managing Principal and Co-Chief Investment Officer of Gotham Asset Management. However, other sources of capital include his real assets such as his primary residence in New York City, his secondary homes, and his salary as an adjunct professor at Columbia Business School.
SumZero members gain admission to the site through an approval process following either the recommendation of an existing member or an application to SumZero by the prospective member or such prospective member's firm.
SumZero Basic ("Basic") is a free investment research tool managed and owned exclusively by SumZero, Inc ("SumZero", we, us, and/or our) and made available through this web site ("the Site") subject to this Terms of Use Agreement (the "Terms of Use").
What Is a Value-Based Pricing Strategy? Value-based pricing is a means of price-setting wherein a company primarily relies on its customers' perceived value of the goods or services being sold—also known as customers' willingness to pay—to determine the price it will charge.
Investment clubs have been around for several decades and are simply groups of people who get together and pool their money to invest. While the primary motivation is to make as much money as possible, clubs are also a great way for investors to share ideas and learn about the market from others.
Are investment clubs legal?
In general, investment clubs are unregulated. In United States, the SEC requires any entity with more that $25 million to register under the Investment Advisers Act of 1940. 3 Individual states may require registration but generally investment clubs do not have to if they have a small number of clients or participants.
Investing in the stock market can offer several benefits, including the potential to earn dividends or an average annualized return of 10%. The stock market can be volatile, so returns are never guaranteed. You can decrease your investment risk by diversifying your portfolio based on your financial goals.
As Greenblatt stated in a 2006 interview with Barron's, the magic formula is designed to help investors with “buying good companies, on average, at cheap prices, on average.” Using this straightforward, non-emotional approach, investors screen for companies that are good prospects from a value investing perspective.
The Magic Formula is famous for returning a 30% CAGR. From 1988 to 2004, it did achieve a 30.8% return, but the CAGR has declined significantly. No strategy can sustain a CAGR of 30%.
The Magic Formula stocks are available for free in Joel Greenblatt's website, MagicFormulaInvesting.com.
Michael James Burry (/ˈbɜːri/; born June 19, 1971) is an American investor, hedge fund manager, and physician. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
The collapse of the real estate market in 2008 was a key event leading to the global financial crisis. Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Most recent portfolio value is calculated to be $ 3,309,000 USD.
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Investment Clubs are typically set up as a legal partnerships with a lesser number of clubs choosing to incorporate themselves or become self directed.
An investment club refers to a group of people who pool their money to make investments. Usually, investment clubs are organized as partnerships—after the members study different investments, the group decides to buy or sell based on a majority vote of the members.
Who is the top investment company?
BlackRock is the largest investment company in the world, accounting for over 21.6% of all investable assets managed among the top 10 largest investment companies in 2022.
The SEC generally does not regulate investment clubs. But since each investment club is unique, each club will need to decide if it has any registration requirements. Membership interests in the investment club may be securities under the Securities Act of 1933 (Securities Act).
