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3.76 AVERAGE
3.76 AVERAGE
An easy to read and easy to follow book that explains Joel Greenblatt's "Magic Formula." The logic and application of the formula are straight forward and (apparently) very functional. I don't think the Magic Formula is particularly useful for everyday people as it is quite a hassle to apply (Joel admits this himself). It is, however, very interesting to meditate on why the formula works: doing so teaches one to trust averages and statistics and not intuition and emotion when it comes to long-term investing and bussiness aquisition.
Rate stocks by rate of return( return / original Amount ) and earnings yield ( amount returned / stock price ) or 1 / PE . Invest in the top 30 for a minimum window of 3 years
informative
fast-paced
What a waste of time. I’m not sure I should even call it a book. It sounded like some unnecessarily long and underwhelming blog post. Too repetitive and poorly written. Extremely pointless conclusions, e.g. “If you answered that 30% is obviously better than 20% and 10% you would be correct!” Seriously?
The little books by Christopher H. Browne and John C. Bogle are a much better choice than this.
The little books by Christopher H. Browne and John C. Bogle are a much better choice than this.
This book explained how investors can outperform the popular market averages by simply applying a formula that seeks out good businesses that makes buying above average companies at below average prices .The book will take readers on a journey where they can learn the principles of value investing with a long term strategy that they can stick with during good and bad periods for the stock market.
The Little Book that Still Beats the Market updates and expands upon the research findings from the original book " The Little book that beats the market". Included with data and analysis, and with examples to make his stand clear what he wants to convey to his Audience reader's in the book with data , covering the recent financial crisis and model performance through the end of 2009.
He shows how to use his method to beat both the market and professional managers, and why success still eludes almost all individual and professional investors, even after everyone know the formula.
While the formula may be simple, understanding it is the true key to success for investors. Author's goal was to provide advice that, could be understood and followed by anyone and everyone from any age group . His ‘Little Book’ is one of the best, guides to value investing out there.
The Little Book that Still Beats the Market updates and expands upon the research findings from the original book " The Little book that beats the market". Included with data and analysis, and with examples to make his stand clear what he wants to convey to his Audience reader's in the book with data , covering the recent financial crisis and model performance through the end of 2009.
He shows how to use his method to beat both the market and professional managers, and why success still eludes almost all individual and professional investors, even after everyone know the formula.
While the formula may be simple, understanding it is the true key to success for investors. Author's goal was to provide advice that, could be understood and followed by anyone and everyone from any age group . His ‘Little Book’ is one of the best, guides to value investing out there.
I like his conversational approach and have followed the Magic Formula with success. The only thing I didn't like, hence the three stars, is that he basically undermines the whole book in the last chapter when pointing out that it's just too complicated of a process to do himself.
This is a valuable book that you might detest. The reading is that the author takes a sales tone to describe the value investing strategy. There are a lot of anecdotes and italics and exclamation points. These will put you on the defensive. You will ask yourself what scheme the author is selling.
It's not a scheme though. Taking out the entertainment, it is principled value investing. The difference between the author's advice for you and fundamental stock investors is that those investors will complicate the model with more research and more factors. The underlying pillar is the same: find companies earning a lot on their capital at a low price. That is why I can't dismiss the book. It is a proper model for long term investing.
I didn't give it a fifth star because I couldn't handle the tone. However if you need a layman explanation of value investing and how the numbers match the intuition, this is a good book to start.
It's not a scheme though. Taking out the entertainment, it is principled value investing. The difference between the author's advice for you and fundamental stock investors is that those investors will complicate the model with more research and more factors. The underlying pillar is the same: find companies earning a lot on their capital at a low price. That is why I can't dismiss the book. It is a proper model for long term investing.
I didn't give it a fifth star because I couldn't handle the tone. However if you need a layman explanation of value investing and how the numbers match the intuition, this is a good book to start.
If you're looking for a practical and straightforward guide to investing that can help you achieve excellent returns, "The Little Book That Beats the Market" is an outstanding resource. This book is a gem that provides readers with a simple and effective investment strategy that has been proven to deliver outstanding results.
One of the things I appreciate most about this book is its focus on value investing. The author, Joel Greenblatt, explains the value investing strategy in an easy-to-understand way, breaking down complex concepts into simple terms that anyone can understand. The book also includes helpful examples and illustrations that bring the strategy to life and make it more accessible.
What's more, the investment strategy outlined in this book has been shown to consistently outperform the market, making it an excellent choice for anyone who wants to achieve above-average returns. The author's emphasis on finding undervalued companies and using a disciplined approach to investing can help anyone become a successful investor.
Overall, "The Little Book That Beats the Market" is a must-read for anyone looking to improve their investment strategy and achieve long-term financial success. This book is a practical and straightforward guide that can help you achieve outstanding results, and I highly recommend it to anyone who wants to take control of their financial future.
One of the things I appreciate most about this book is its focus on value investing. The author, Joel Greenblatt, explains the value investing strategy in an easy-to-understand way, breaking down complex concepts into simple terms that anyone can understand. The book also includes helpful examples and illustrations that bring the strategy to life and make it more accessible.
What's more, the investment strategy outlined in this book has been shown to consistently outperform the market, making it an excellent choice for anyone who wants to achieve above-average returns. The author's emphasis on finding undervalued companies and using a disciplined approach to investing can help anyone become a successful investor.
Overall, "The Little Book That Beats the Market" is a must-read for anyone looking to improve their investment strategy and achieve long-term financial success. This book is a practical and straightforward guide that can help you achieve outstanding results, and I highly recommend it to anyone who wants to take control of their financial future.
funny
informative
lighthearted
fast-paced
informative