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Title: What does Greenblatt do?
Review: Greenblatt holds loosers 11 months and then reinvests the proceeds. Thus losses are fully deductable. He sell winners at 13 months and pays 15% tax and reinvests the proceeds.He invests 3% to 5% of his portfolio (of 20-30 stocks) each month selecting by ranking, basically, on both return on capital and low P/E. He relies on the rankings to provide diversification.
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