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.
Chapter summary
Reading theme 1
Focus on how the author helps readers estimate value instead of forecasting short-term price.
Reading theme 2
Focus on how the author helps readers demand a margin of safety.
Reading theme 3
Focus on how the author helps readers prioritize avoiding permanent loss.
Reading theme 4
Focus on how the author helps readers wait for price and quality to align.