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Value investing2005

The Little Book That Beats the Market

Joel Greenblatt

Introduces the Magic Formula, a systematic value screen based on business quality and valuation.

Author

Joel Greenblatt is the author of `The Little Book That Beats the Market`. The book reflects an approach centered on how to estimate value instead of forecasting short-term price and demand a margin of safety.

Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.