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The Little Book that Beats the Market
Book

The Little Book that Beats the Market

Joel Greenblatt
Wiley, 2005

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

Whether or not this book’s "magic formula" delivers the results that author Joel Greenblatt promises, the book itself presents a lucid, simple explanation of investing in the stock market. Unlike many who write about investing in stocks and offer formulas for success, Greenblatt is remarkably honest in his discussion of the difficulty of beating the market and remarkably modest in his claims (although perhaps not quite as restrained in referring to his Web site). getAbstract finds that the chief merit of this bestseller is not its formula for success (which derives from guru Benjamin Graham’s value approach), but rather its clear, step-by-step introduction to the fundamentals of investing for novices. The author makes the market understandable to a child. That is quite an achievement.

Take-Aways

  • Investing in the stock market makes sense.
  • The hard part of investing in stocks is having discipline and perseverance.
  • Most people should not attempt to invest in individual stocks.

About the Author

Joel Greenblatt is the founder and a managing partner of a private investment partnership and hedge fund firm. He is an adjunct professor at Columbia University’s business school and the author of You Can Be a Stock Market Genius.

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    G. A. 1 decade ago
    Hi,
    I am new subscriber. I have added email @getabstract.com to kindle but not received the summary
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      1 decade ago
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