A review by alanffm
The Little Book That Still Beats the Market by Joel Greenblatt

4.0

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.