The only reason following his or any strategy makes sense is if you believe that over the long run, it will perform well with the peaks outweighing the valleys. Download The Little Book That Still Beats the Market by Joel Greenblatt in PDF EPUB format complete free. We build and maintain all our own systems, but we don’t charge for access, sell user information, or run ads. In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. Even if you don’t plan to use his formula (although I must say I was convinced he will make me rich, if I ever getting around to following his advice), the book is a very entertaining read (I would characterize his writing as Yiddish-style humor) written with the goal of explaining the market to a middle schooler.

do not blindly rely on the formula for success but perhaps look at it as an additional screen or checklist when analysing equities.

Minimální návratový horizont je 3 roky, optimálně však 5-10 let, a vyžaduje značnou disciplínu navzdory táhlým pádům. But this book, and all the statistics and historical data within it, show us that simple really can lead to great results. He is the former chairman of the board of Alliant Techsystems and founder of the New York Securities Auction Corporation. The author pulls no punches here — he readily admits the pros and cons of such a strategy and invites readers to try their hand at it, despite the fact that it doesn’t necessarily win all the time.

Grennblatt nabízí až absurdně jednoduchý „magický vzorec“ hodnotového investování sestávající z pouhých dvou screeningových veličin. says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. While the formula may be simple, understanding why the formula works is the true key to success for investors. Also, important caveat: he uses historical information and he explains the principles behind the strategy (i.Normally when an investment technique is found to be successful, many folks jump on the bandwagon and the technique rapidly loses its advantage.