The Little Book That Beats the Market

In this book, Joel Greenblatt provides a straightforward and accessible guide to value investing.

He introduces a 'magic formula' that helps investors identify and purchase good businesses at below-average prices.

The formula, explained using simple math and humor, has been extensively tested and proven to be effective in beating the market and professional managers.

The book also explores why success often eludes individual and professional investors and why the formula remains viable even after widespread knowledge of it.

Updated editions include data and analysis from the recent financial crisis and model performance through 2009.