In this article, we will discuss value investor Joel Greenblatt’s portfolio, hedge fund returns, and his Magic Formula. You can skip our detailed analysis of Greenblatt’s investment philosophy and his hedge fund’s performance over the years, and go directly to read Joel Greenblatt’s Top 5 Stock Picks. Joel Greenblatt, renowned for his expertise in value […]
The Flats were initially established as a residential area for a heavily Irish population in the mid 1800s. Many of the workers that built the Ohio and Erie Canal, which jumpstarted the development of Cleveland, lived in the West Bank of the Flats but eventually left for downtown because of tough living conditions. In the mid-19th century, the Flats became an industrial center of Cleveland. John D. Rockefeller's Standard Oil played a big part in that when the company built a headquarters on the East Bank. Steel Mills then became the defining industry of the area, starting all the way back in the late 1800s until many closed in the 1970s. Then, the Flats became a popular late night and entertainment district in the 1980s and 90s before dying down in the late 90s. The area was pretty quiet despite a few remaining bars and restaurants and factories until the revival of the East Bank in 2013.
John Rockefeller and Standard Oil created a new oil based economy. There are a lot of similarities with what Elon And Tesla are doing. Rockefeller was laser