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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.

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.