The Little Book that Still Beats the Market
Wiley, 2006
Agent: Sandra Dijkstra
Can you spare three hours to learn how to beat the market? As unlikely as it may seem, hedge fund manager and professor Joel Greenblatt, whose investment firm has averaged 40% annual returns for over twenty years, can teach you how. You can achieve investment returns that beat the pants off even the best investment professionals and the top academics. In fact, you can learn how it's possible to more than double the annual returns of the stock market averages.
But there's more. You can do it all by yourself. You can do it with low risk. You can do it without making any predictions, and you can do it by following, step by step, a time-tested, proven "magic formula" that uses only common sense and two simple concepts. Best of all, once you are convinced that it really works you can choose to do it for the rest of your life.
A runaway bestseller even before it was published, The Little Book That Beats the Market shows how successful investing can be made easy for investors of any age. It's never too early or too late to start investing, and with Greenblatt as your guide you'll know exactly where to go and what to do. By following the clearly outlined simple steps and magic formula, you can achieve extraordinary long-term investment results with a very low level of risk.
Accolades:
New York Times bestseller, Publisher's Weekly bestseller, Wall Street Journal bestseller
Reviews:
“The best book on the subject in years.”
—The Financial Times
“One of the best, clearest guides to value investing out there.”
—The Wall Street Journal
"Mr Greenblatt is great at explaining where and how to invest.... He explains in simple, straightforward language the fundamentals of valuing a business, often underscoring with a joke why you need to know all this."
—New York Times
"The Little Book that Beats the Market is simple and sincere....you will learn about the technique of value investing from a pro. Greenblatt boils investment jargon down to what you need to know as succinctly and humorously as possible."
—USA Today
"[Joel Greenblatt] has written a new book that's created quite a buzz in the financial press. And its ideas and presentation are so simple, a child (or book reviewer) can easily comprehend them! …. The forward (by the ubiquitous Andrew Tobias no less) is a nice introduction, but its implicit endorsement of Greenblatt's methods, their soundness and efficacy, is its most powerful message.”
—Miami Herald
"The hottest new book in financial circles.... Wow! Investing was never this easy....Greenblatt delivers admirably.... It is good-humored throughout, and it contains one of the clearest, most entertaining explanations you'll ever see of the ideas underlying value investing. I plan to pass it along to people close to me who struggle to understand investing and the markets. It's that readable."
—International Herald Tribune
"Greenblatt is renowned for his spectacular business prowess.... Here he shares his stock selection wisdom with the novice investor. His writing is never condescending or beyond comprehension. In fact, he takes great joy in explaining ideas in simple terms and using arithmetic that he claims even his young children can understand. He also delights in sharing with readers his "magic formula" of finding quality bargain stocks. Lighthearted, witty, and humorous, the overall presentation is a great start for learning about investing and can be used as an alternative to comparable titles in the Dummies series."
—Library Journal
“His easygoing storytelling style is so readable that those offspring may actually get though this slim volume that avoids the hucksterism of many tomes that promise easy riches…. the style
may be deceptively simple, but the advice on how to find successful companies that have been overlooked by the biggest investors is written in a way that even the most financially obtuse person will get…. It shows the reader how to buy companies with strong earnings at bargain prices. That, along with his step-by-step instruction, make this book a good investment in its own right.”
—The Houston Chronicle
“Thought-provoking... an effective, actively managed long-term investment strategy that really works. [T]he methodology is at heart a very simple value-investing strategy.”
—The Independent
“This engaging investment primer contends that ordinary stock-market investors can indeed get better-than-market returns over the long haul…. Greenblatt offers lots of statistical proof of the formula’s success…. Investors seeking a little more hands-on excitement than the average mutual fund offers won’t go too far wrong following his advice.”
—Publisher's Weekly