This was a truly excellent publication put out by the Columbia School of Business students.  Particularly insightful are the interviews with Joel Greenblatt, and the investment team at Loews.  If you take the time to read it you won’t be disappointed.

http://www4.gsb.columbia.edu/filemgr?&file_id=7312109

INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.