This website uses cookies
This website uses cookies. For further information on how we use cookies you can read our Privacy and Cookie notice
/product/96/8513523/1.jpg?1968)
Share this product
Brand: Books | Similar products from Books
KSh 1,234
In stock
+ shipping from KSh 90 to CBD - UON/Globe/Koja/River Road
0 out of 5
(No ratings available)Promotions
Delivery & Returns
Choose your location
Pickup Station
Delivery Fees KSh 90
Ready for pickup between 01 December and 03 December if you place your order within the next 23hrs 31mins
Door Delivery
Delivery Fees KSh 200
Ready for delivery between 01 December and 03 December if you place your order within the next 23hrs 31mins
Return Policy
Easy Return, Quick Refund.Details
Seller Information
QABETE ENTERPRISES
88%Seller Score
62 Followers
Seller Performance
Shipping speed: Excellent
Quality Score: Good
Customer Rating: Good
Product details
The Little Book That Still Beats the Market
By Joel Greenblatt
Overview
The Little Book That Still Beats the Market is a widely acclaimed investing guide by Joel Greenblatt, who is known for his long-term outperformance as a hedge fund manager. Greenblatt demystifies stock market investing by introducing a rigorously tested, easy-to-follow strategy aimed at helping ordinary investors achieve returns superior to most professionals and index funds. Using plain language and a blend of humor, he distills complex concepts into a reproducible method founded on quality and value562.
The "Magic Formula" Strategy
At the core of the book is Greenblatt’s Magic Formula, a straightforward and systematic approach to stock selection. The Magic Formula relies on two key metrics:
High Earnings Yield (price relative to earnings): Seeks companies trading for a low price compared to their profits.
High Return on Capital: Favors businesses that efficiently turn invested capital into profits.
How It Works
Screen the Market: Rank all companies by both metrics—highest return on capital and highest earnings yield.
Select the Top Stocks: Choose 20–30 companies that consistently rate well on both measures.
Annual Rebalancing: Invest equally across these picks, holding each for one year before repeating the process175.
Key Principles
Value & Quality: Only companies with strong businesses (high ROIC) and trading at attractive prices (high earnings yield) are included176.
Margin of Safety: By buying quality companies when undervalued by the market, the approach builds in a buffer against error or adverse events7.
Long-Term Orientation: The formula often underperforms in some years, but historically it significantly outpaces market averages over a multi-year horizon. Patience and discipline are required75.
Practical Guidance
| Step | Description |
|---|---|
| Stock Screening | Use the Magic Formula to find undervalued, high-quality stocks |
| Portfolio Size | Hold 20–30 stocks to balance risk and return |
| Annual Update | Review and rebalance holdings each year |
| Emotional Discipline | Expect periods of underperformance; maintain strategy consistently |
Lessons for Individual Investors
Simplicity Is Powerful: The Magic Formula uses basic arithmetic, open data, and needs no advanced finance skills52.
Repeatable Process: A systematic, rules-based method helps overcome emotional decision-making, biases, and noise.
Behavioral Edge: Most people abandon sound strategies when results lag the market, which is why the method continues to work for those with discipline17.
Audience
New and experienced investors who want a data-driven, evidence-backed approach to beating the market.
Anyone searching for an antidote to complex, jargon-heavy investment advice.
Readers interested in building lasting personal wealth and compounding returns.
Table: Magic Formula vs. Traditional Approaches
| Approach | Key Elements | Typical Outcome |
|---|---|---|
| Magic Formula (Greenblatt) | Quality + Value, simple rules | Historically market-beating returns¹ |
| Index Funds | Market-weighted average | Broad market return, low cost |
| Active Stock Picking | Unsystematic, subjective | Most underperform benchmarks |
Notable Insights
Patience, not prediction: Success comes from following the process year after year, not chasing trends or attempting to forecast the market.
Accessible tools: Greenblatt’s website offers a free screener to automate the process for users8.
Foundation in Value Investing: The method draws on principles championed by Ben Graham and Warren Buffett—buying great companies at fair prices75.
The Little Book That Still Beats the Market stands out as a classic for those looking to combine the discipline of index investing with a systematic edge in selecting stocks. Its legacy lies in showing ordinary people how superior long-term outcomes are within reach for those willing to be methodical and patient.
Specifications
Key Features
The Little Book That Still Beats the Market
By Joel Greenblatt
Overview
The Little Book That Still Beats the Market is a widely acclaimed investing guide by Joel Greenblatt, who is known for his long-term outperformance as a hedge fund manager. Greenblatt demystifies stock market investing by introducing a rigorously tested, easy-to-follow strategy aimed at helping ordinary investors achieve returns superior to most professionals and index funds. Using plain language and a blend of humor, he distills complex concepts into a reproducible method founded on quality and value562.
The "Magic Formula" Strategy
At the core of the book is Greenblatt’s Magic Formula, a straightforward and systematic approach to stock selection. The Magic Formula relies on two key metrics:
High Earnings Yield (price relative to earnings): Seeks companies trading for a low price compared to their profits.
High Return on Capital: Favors businesses that efficiently turn invested capital into profits.
How It Works
Screen the Market: Rank all companies by both metrics—highest return on capital and highest earnings yield.
Select the Top Stocks: Choose 20–30 companies that consistently rate well on both measures.
Annual Rebalancing: Invest equally across these picks, holding each for one year before repeating the process175.
Key Principles
Value & Quality: Only companies with strong businesses (high ROIC) and trading at attractive prices (high earnings yield) are included176.
Margin of Safety: By buying quality companies when undervalued by the market, the approach builds in a buffer against error or adverse events7.
Long-Term Orientation: The formula often underperforms in some years, but historically it significantly outpaces market averages over a multi-year horizon. Patience and discipline are required75.
Practical Guidance
| Step | Description |
|---|---|
| Stock Screening | Use the Magic Formula to find undervalued, high-quality stocks |
| Portfolio Size | Hold 20–30 stocks to balance risk and return |
| Annual Update | Review and rebalance holdings each year |
| Emotional Discipline | Expect periods of underperformance; maintain strategy consistently |
Lessons for Individual Investors
Simplicity Is Powerful: The Magic Formula uses basic arithmetic, open data, and needs no advanced finance skills52.
Repeatable Process: A systematic, rules-based method helps overcome emotional decision-making, biases, and noise.
Behavioral Edge: Most people abandon sound strategies when results lag the market, which is why the method continues to work for those with discipline17.
Audience
New and experienced investors who want a data-driven, evidence-backed approach to beating the market.
Anyone searching for an antidote to complex, jargon-heavy investment advice.
Readers interested in building lasting personal wealth and compounding returns.
Table: Magic Formula vs. Traditional Approaches
| Approach | Key Elements | Typical Outcome |
|---|---|---|
| Magic Formula (Greenblatt) | Quality + Value, simple rules | Historically market-beating returns¹ |
| Index Funds | Market-weighted average | Broad market return, low cost |
| Active Stock Picking | Unsystematic, subjective | Most underperform benchmarks |
Notable Insights
Patience, not prediction: Success comes from following the process year after year, not chasing trends or attempting to forecast the market.
Accessible tools: Greenblatt’s website offers a free screener to automate the process for users8.
Foundation in Value Investing: The method draws on principles championed by Ben Graham and Warren Buffett—buying great companies at fair prices75.
The Little Book That Still Beats the Market stands out as a classic for those looking to combine the discipline of index investing with a systematic edge in selecting stocks. Its legacy lies in showing ordinary people how superior long-term outcomes are within reach for those willing to be methodical and patient.
What’s in the box
1 BOOK
Specifications
- SKU: BO086BM6K9WGONAFAMZ
- GTIN Barcode: 09780471733065
- Weight (kg): 2
Customer Feedback
This product has no ratings yet.
Related results
Batman movie lego setMusic necklace silverClamp on music standFirst steps in musicLego music setsBook covers for paperback booksMusic editing booksGuitar book of kids musicBook on music and the brain kidsKid classic piano music bookCarplay movie adapterLego movie 70803Dvd movies for kidsCar movie player adapterDouble 8mm home movie cameraSuper dog movie talking toysLego batman movie minifigures series 3Music box with a lockMusic festival necklaceMusic player for kidsHeadset for teams and musicBig nate the musicalCards that play musicCard with personalized musicCards with music insideMusic earphone for swimmingMusical walker multicolourTozo earbuds for musicSound of music bagWireless music for officeVamvo mini projector wifi portable movie projectorsSticker books activity bookLaser led music modeLittle einstein music toyOne piece music boxOutdoor headphones music radioMusic guessing board gameMusic stand ukulele holderMusic stand yamaha psrDesktop sheet music standFitness watch that plays musicBest music players for kidsPocket watch that plays musicRgb music spectrum displaySmart watch to stream musicRunning smartwatch with music downlaodRose gold necklace musicToddler musical table toyBanjo music toys and diapersBaby girl mobile with music
/product/96/8513523/1.jpg?1968)
Books The Little Book That Still Beats the Market Book by Joel Greenblatt
KSh 1,234
Questions about this product?