The little book that beats the market
The Little Book That Beats the Market by Joel GreenblattTwo years in MBA school wont teach you how to double the markets return. Two hours with The Little Book That Beats the Market will. 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. Youll learn how to use this low risk method to beat the market and professional managers by a wide margin. Youll 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.
The Little Book That Still Beats the Market
You are currently using the site but have requested a page in the site. Would you like to change to the site? Joel Greenblatt , Andrew Tobias Foreword by. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. Greenblatt…says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to
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A Fund Manager's Strategy That Outperforms the Indexes
Since , he has been a professor on the adjunct faculty of Columbia Business School where he teaches Value and Special Situation Investing. Brief outline of topics covered: How to think about the Stock Market Active vs. Passive Investing, which should you choose? Is the market really efficient? What does that mean? What is the opportunity for active investors, if any?
He called the formula "magic" because, according to his testing, the strategy averaged 24 percent returns per year between and If you invested in an index fund , the return would have been 9. The strategy handily outperformed the major indexes. The percentage difference becomes more noticeable when put into dollar terms. Bigger returns matter, especially over long periods of time, due to the power of compounding.