Электронная книга: Joel Greenblatt «The Little Book That Still Beats the Market»

The Little Book That Still Beats the Market

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 analysis 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. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, “Mr. Greenblatt…says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. They are in luck. His ‘Little Book’ is one of the best, clearest guides to value investing out there.”

Издательство: "John Wiley&Sons Limited (USD)"

ISBN: 9780470926703

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The Little Book That Beats the MarketTwo years in MBA school won't teach you how to double the market's return. Two hours with The Little Book That Beats the Market will. In The Little Book, Joel Greenblatt, Founder and Managing Partner… — John Wiley&Sons Limited (USD), электронная книга Подробнее...1299.97электронная книга
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Joel Greenblatt

Infobox Person
name = Joel Greenblatt



caption =
birth_date = birth date and age|1957|12|13|mf=y
birth_place = Great Neck, New York
death_date =
death_place =
other_names =
known_for =
occupation = Investor
nationality = flag|United States
website = [http://www0.gsb.columbia.edu/whoswho/bio.cfm?id=55292&nav=n/ Columbia Business School Faculty]

Joel Greenblatt (born December 13, 1957 in Great Neck, New York) is a value investing guru, and adjunct professor at the Columbia University Graduate School of Business. He is the former chairman of the board of Alliant Techsystems and founder of the New York Securities Auction Corporation.

Education

Greenblatt is a graduate of the The Wharton School at the University of Pennsylvania, receiving his B.S. in 1979 and M.B.A. in 1980.Gannon, Geoff. " [http://www.gannononinvesting.com/glossary/2005/12/joel_greenblatt_1.html Value Investing Encyclopedia: Joel Greenblatt] ". December 28, 2005.]

Career in finance

Gotham Capital

In 1985, Greenblatt started a hedge fund, Gotham Capital, with $7 million, most of which was provided by junk-bond king Michael Milken.

Value Investors Club

He started a website called the Value Investors Club, where approved investors (through an application process) exchange value and special situation investment ideas. The website awards $5000 to the member who submits the best idea each week. He pursues a focused value and special situation investment strategy.

Magic Formula Investing

His latest book refers to an investment strategy of "Magic Formula Investing", which is a fancy name for a simple formula for determining which stocks to buy: "cheap and good companies" with a high earnings yield and a high return on capital.

Philanthropy

Greenblatt is also famous for his contributions to education in New York City. In 2002, he donated $2.5 million to P.S. 65Q, a public elementary school in the borough of Harlem, whose students come largely from the neighborhood's South American and South Asian immigrant communities. This investment, equal to about $1,000 per student per year over five years, helped P.S. 65Q to go from a struggling school to an urban success story almost overnight. In 2006, Greenblatt also helped start the Harlem Success Charter School, an elementary school in the city's historically African American neighborhood. [ [http://newyorkmetro.com/news/businessfinance/15958/index1.html How Is a Hedge Fund Like a School?] ". February 20, 2006.] He is also a board member of the Institute for Student Achievement, a national leader in developing new small high schools and transforming large comprehensive public high schools into small learning communities. [ [http://www.studentachievement.org/home/aboutus_board.html Institute for Student Achievement board of directors] ]

Bibliography

*citebook | author=Greenblatt, Joel | title=The Little Book That Beats the Market | publisher=John Wiley & Sons | location=Hoboken, NJ | year=2006 | isbn=0471733067
*citebook | author=Greenblatt, Joel | title=You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits | publisher=Simon & Schuster | location=New York | year=1997 | isbn=0684832135

References

External links

* [http://www.magicformulainvesting.com Magic Formula Investing Website]
* [http://magic-formula-investing.blogspot.com/ Magic Formula Investing Blog]
* [http://www.dailystocks.com/forum/showforum.php?fid/10/ Daily Magic Formula Stock forum]
* [http://finance.groups.yahoo.com/group/magicformulainvesting/ Yahoo MFI Group]
* [http://caps.fool.com/ViewPlayer.aspx?t=01040000000000000025 Magic Formula stock picks scored in real time]

Источник: Joel Greenblatt

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