{"id":18309,"date":"2022-12-06T11:58:17","date_gmt":"2022-12-06T06:28:17","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=18309"},"modified":"2026-04-24T13:00:49","modified_gmt":"2026-04-24T07:30:49","slug":"the-little-book-that-still-beats-the-market","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/the-little-book-that-still-beats-the-market\/","title":{"rendered":"The Little Book That Still Beats the Market \u2013 Joel Greenblatt"},"content":{"rendered":"

Joel Greenblatt is an American hedge fund manager and investment officer at Gotham Asset Management. He is the author of books The Little Book That Still Beats The Market <\/em>and You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of the Stock Market Profits<\/em> and The Big Secret for the Small Investor: A New Route to Long-Term Investment Success<\/em>.  Joel follows Benjamin Graham\u2019s footsteps of value investing.<\/p>\n

Joel starts by highlighting how being successful in investing can be achieved simply by following a disciplined, methodical, long-term investment strategy that makes sense and most money managers focus on yearly returns which rarely beat the market. He outlines comparing investments with risk-free rates (government securities).<\/p>\n

He emphasizes the concept of value investing i.e. buying stocks at a discounted price that is way below their true value is introduced. And how the stock market is an opportunity factory, where one can buy a business for less than it\u2019s worth or sell a business for more than it\u2019s worth. Or one could overpay\/undersell.<\/p>\n

Joel talks about the \u201cMagic Formula\u201d, by calculating Earnings Yield and Return on Capital for stocks.<\/p>\n