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The Little Book That Beats the Market (Little Books. Big Profits 8) Kindle Edition
In The Little Book, Joel Greenblatt, Founder and Managing Partner at Gotham Capital (with average annualized returns of 40% for over 20 years), does more than simply set out the basic principles for successful stock market investing. He provides a "magic formula" that is easy to use and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. You'll learn how to use this low risk method to beat the market and professional managers by a wide margin. You'll also learn how to view the stock market, why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone "knows" it.
About the Author
- ASIN : B000YIUWFQ
- Publisher : Wiley; 1st edition (April 21 2008)
- Language : English
- File size : 479 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 131 pages
- Best Sellers Rank: #93,648 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
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If something is so simple and effective, it would be used by a lot of people; and that itself should reduce its effectiveness. However, Joel Greenblatt explains why majority of the investors cannot stick to the formula, and therefore, it will continue to remain effective for those who can invest according to the Magic Formula for a long term.
From the reasoning described in the book as well as the credibility of the author himself on account of his exceptional investment track-record, it seems convincing that the strategy should work. However, the only way to know whether it will work or not is by putting it to use for a long term. Alternatively, the investor can simply take the learning from the book that high RoCE and Earnings Yield are the two most important factors while analysing a stock, and give high importance to these two factors while selecting individual stocks for investment. But it is a well known fact that it is extremely difficult to beat the market by selecting stocks individually. The reader is reminded of this fact by the author.