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.
Why read it
Introduces the Magic Formula, a systematic value screen based on business quality and valuation.
Helps readers estimate value instead of forecasting short-term price.
Helps readers demand a margin of safety.
Helps readers prioritize avoiding permanent loss.
Helps readers wait for price and quality to align.