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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
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.


Mr. Money Mustache

Mr. Money Mustache

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