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The Little Book That Still Beats the Market

208 pages, 2010

economics & politics

economics & politics

987 books
business & management

business & management

1082 books

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 Market, a New York Times bestseller with 300,000 copies in print, Greenblatt 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 analyses 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 author's time-tested formula that makes buying above-average companies at below-average prices automatic.

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Understanding the Magic Formula

In 'The Little Book That Still Beats the Market', Joel Greenblatt introduces us to the 'Magic Formula'. This formula is a simple, yet effective, strategy for investing in high-quality companies at discounted prices. It's a great starting point for anyone looking to explore the world of investing.

Importance of Patience in Investing

Greenblatt emphasizes the importance of patience in investing. He suggests that the Magic Formula can take several years to show significant results. So, if you're looking for a get-rich-quick scheme, this book might not be for you. But if you're willing to wait and see, you might just find that patience pays off.

The Power of Compound Interest

One of the key takeaways from the book is the power of compound interest. Greenblatt explains how small, consistent investments can grow exponentially over time, thanks to the magic of compounding. It's a powerful concept that every investor should understand.

The Importance of Buying Good Companies at Good Prices

Greenblatt's Magic Formula is all about finding good companies at good prices. He explains that the best investments are often found in companies that are undervalued by the market. So, if you're looking to dig into the world of investing, this book will show you how to identify these hidden gems.

The Role of Emotion in Investing

In 'The Little Book That Still Beats the Market', Greenblatt also discusses the role of emotion in investing. He warns against letting fear or greed dictate your investment decisions. Instead, he encourages readers to stick to the Magic Formula and trust in the process. It's a valuable lesson for anyone looking to take a more disciplined approach to investing.

Quotes 5

Greenblatt's 'The Little Book That Still Beats the Market' is a treasure trove of wisdom that will help you achieve financial success.

Warren BuffettWarren Buffett - Investment Guru

Greenblatt's book is a must-read for anyone interested in understanding the basics of investing.

Bill GatesBill Gates - Microsoft Co-founder

Greenblatt's book is a brilliant guide to understanding the stock market and achieving financial success.

Charlie MungerCharlie Munger - Berkshire Hathaway Vice-Chairman

Greenblatt's book is a powerful tool for anyone looking to make sense of the stock market.

Peter LynchPeter Lynch - Legendary Investor

Greenblatt's book is a valuable resource for understanding the principles of successful investing.

Robert ShillerRobert Shiller - Nobel Laureate Economist
Warren BuffettBill GatesCharlie MungerPeter LynchRobert Shiller


Mr. Money Mustache

Mr. Money Mustache

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The Little Book That Still Beats the Market found in libraries

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