The Little Book That Still Beats the Market

Condition: BRAND NEW ISBN: 9780470624159 Author(s): Joel Greenblatt Format: Hardcover Language: English Year: 2010 Edition: 2nd Publisher: John Wiley & Sons Inc Pages: 208 Series: Little Books. Big Profits Series Number: 29

Description: In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Marketâa New York Times bestseller with 300,000 copies in printâGreenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the authorâs time-tested formula that makes buying above average companies at below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. Youâll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone âknowsâ it. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for t