Take a photo of a barcode or cover
3.76 AVERAGE
3.76 AVERAGE
fast-paced
Could have been a blog post, but was still a more enjoyable read than expected due to the humoristic notes throughout the book. Very simple approach. Recommended for those who wants to invest but has absolutely no interest to learn how.
A very easy read that demystifies investing. To me, this book to still has value ~13 years after publication. I’m not saying I’m going to go out tomorrow and use the magic formula to guide my investments for the next 10 years, but I am going to use the magic formula as a guide for which businesses to investigate further. Kudos to Greenblatt for writing one of the best investment books of my lifetime without throwing around confusing industry jargon.
As a disclaimer, I read this book for a challenge, I would not have chosen to read it if it was fully up to me.
This was a pretty bad book that did not actually give financial advice, it just was trying to prove a method that the writer seemingly developed and was trying to sell to other people, even if it was for free.
Reading notes:
He just keeps talking about how big of a gesture he does to other people and how he really wants to help, but come on dude, you are making money on a book that claims to have a magic formula.
It is embarrassing to hear about how this guy thinks that he is helping people of all ages by explaining that when you hold your money in the bank you earn interest.
I am pretty sure that this book is for like, 6 year olds, because he explains bonds.
Haha, did you know that gambling is bad?
Okay, now he is explaining shares.
Haha, the joke about “those pesky employees” wanting to be payed, so funny.
I hate the way this book is written. I hate how the writer is telling us, how much of a favour he is doing by providing basic information and how he is “forced to” hold our hand through everything.
“I have taught an investing course to a group of graduate business students at an Ivy League university” but also the only reason why shares change that much is that people are just in a good or bad mood.
The writer is pushing his “But you do not fully trust me, because you just bought a book, right” agenda so often, it is like in every chapter so far.
On chapter 5:
First of all, there are reasons to open a store, that are not just “to make money”.
Second of all, you do not lose money that you do not make. Just because you could have had a bigger profit does not mean that you lost money.
Third of all, the joke about “don’t give money to guys named Jimbo” is racist.
I appreciate that he talks for so long about how well his formula works, really just makes me feel like he is struggling.
On chapter 7:
Why is he talking about the revolutionary war with no historical knowledge? He admits multiple times that he has no clue about history and yet keeps talking about how it is important in connection to his formula not working. Bro really sensationalised history, drew wrong conclusions and went: “Do not blindly trust my book”. Bro, no worries, never even considered trusting it.
However, why does he spend the whole chapter 6 talking about how well his formula works, just to start proving that it does not?
This chapter is basically: “Only smart and cool people will follow the magical formula and they will be right.”
Bro keeps pushing the whole “you need to believe, bro” agenda.
On chapter 9:
Cool anecdote bro, you forgot to tie it in.
On chapter 11:
Grr, do not use something that is not my formula, u r stupid. - Joel Grennblatt
On chapter 12:
This dude is like “stoke brokers only want to sell you a service”, while selling a book with a magic equation.
This book suddenly turned into a youtube video with references to the end of the book.
On chapter 13:
This is the moment in the book, when it got so so so tiring.
At least he talks about the education system, so he is not all that terrible
I thank the gods for the person that bookmarked the page in my library book where he writes the equation, they have truly saved many people from this annoying book.
informative
medium-paced
informative
medium-paced
"The Little Book That Still Beats the Market" by Joel Greenblatt is a compact yet powerful guide that introduces readers to an approachable and effective investment strategy. Greenblatt outlines his "Magic Formula," a straightforward method for selecting stocks based on their earning yield and return on capital. The book distills complex financial concepts into a simple and actionable framework, making it accessible for both novice and experienced investors.
Greenblatt's writing is engaging and filled with real-world examples, providing readers with a practical understanding of the Magic Formula's application. He emphasizes the importance of a long-term perspective, patience, and discipline in the face of market fluctuations.
One of the book's strengths is its ability to bridge the gap between theory and practice, offering readers a clear roadmap for implementing the Magic Formula in their investment decisions. While the strategy is not a guaranteed path to wealth, Greenblatt's insights and transparent approach provide valuable tools for individuals seeking a systematic and rational approach to stock investing.
"The Little Book That Still Beats the Market" remains relevant as a concise and effective guide to value investing, showcasing Greenblatt's expertise and dedication to demystifying the stock market for a wide audience.
medium-paced
I thought this book was okay but recommend reading Mr. Greenblatt's preeminent title (You Can be a Stock Market Genius) instead.
funny
informative
reflective
fast-paced