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Summary

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 best seller 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 sixth-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. Greenblatt will take listeners 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.

©2010 Joel Greenblatt (P)2010 Simon and Schuster Audio

Critic reviews

"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.” ( The Wall Street Journal)

What listeners say about The Little Book That Still Beats the Market

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I liked the book

What did you like most about The Little Book That Still Beats the Market?

This book has a PDF - my favorite part.
Also the author explains one type of investing strategy very easily, so that even children would understand. I liked the book. It is very fun to listen to, not boring as many others.

3 people found this helpful

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Good book

Greenblatt is a superb value investor. The magic formula is not the pinnacle of good value investing but it is a better option than an index fund or most active funds for most investors. There are also good lessons in the book for everyone.

3 people found this helpful

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One of the best stock investment books

Loved the book from both content and narration points of view.

The book provides a basic understanding of stock investment in an easy to understand manner before introduction and explanation of the 'magic formula', with the author providing information on the benefits and flaws of the formula (based on extensive research over a number of years) and how to best to get market-beating return using the formula.

2 people found this helpful

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  • Mr
  • 02-05-18

An OK introduction to value investing.

This book is a light-heated summery of Benjamin Graham's methods for long-term investments in corporate equities. It's clearly designed for absolute beginners, and has plenty of Greenblatt's sense of humor.

It was a bit too basic and short on details for my taste. But if you're totally new to the field, it'll probably do the job in a more fun way than many beginners stocks books out there.

Narrator is fine

2 people found this helpful

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long term strategy

the book quality was overall good and well presented but it.felt like a sales pitch for the magic formula. the fundamentals seem sound.

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good but not great

some key factors to consider when investing were mentioned. repeatedly promote the magic formula and directing listeners to their website, which by the way looks like it hasn't been updated since 1998

1 person found this helpful

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not what it seems

feels like a 2 hour sales pitch into something the author even states doesn't work for quite a while.

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Good for absolute beginners but long winded

Good for understanding basic principles but long winded. could have been summed up in a fraction of the time. Also doesn't have much in the way of instructive fundamentals.

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Interesting

Makes a lot of sense. Good if you don't want to worry too much and have a simple strategy.

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Magic Formula

This is not a good book. There is a lot of unwanted text and every now the author keeps speaking about magic formula, magic formula. A one page formula is made into an entire book.

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  • Jim Ashby
  • 16-01-20

Need the PDF files for a complete product

How am I supposed to get the files when I purchased audible?
Please reply to

16 people found this helpful

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    5 out of 5 stars
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  • John
  • 25-06-11

Loads of Common Sense

This is a really good book that presents a cogent theory of value investing. The author also provides examples (updated by a website) on how to put the theory into practice.

9 people found this helpful

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  • Regina
  • 29-09-12

Excellent stock mkt advice I can understand!

What did you love best about The Little Book That Still Beats the Market?

I loved how the author was able to simplify a complex industry into a simple down to earth concept that I was able to grasp and implement.

What was one of the most memorable moments of The Little Book That Still Beats the Market?

The hot air balloon story.

Which scene was your favorite?

The little boy selling chewing gum. "You want some, you know you want some!"

What’s an idea from the book that you will remember?

Investing in financially sound businesses at low prices on a routine basis.

Any additional comments?

I came across the book first. Then I went and downloaded it from Audible.com because I liked it so much and wanted to listen to it in my car!

7 people found this helpful

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  • Anonymous User
  • 15-05-19

Dont bother w this book

3/4 of the book rants n raves on about a magic formula,1/4 shares w u the disclaimers that it only works in the long run..in the long run everything smoothens out n work..its pretty redundant..u wont be learning anything trust me

6 people found this helpful

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  • Brian Sachetta
  • 20-05-21

Simple and straightforward investing advice

As the title hints, this one is centered around a set of simple strategies (called the “magic formula”) that helps investors beat the market. The author pulls no punches here — he readily admits the pros and cons of such a strategy and invites readers to try their hand at it, despite the fact that it doesn’t necessarily win all the time.

But, as he also suggests, the fact that the formula doesn’t beat every strategy when analyzed over all time periods is exactly what makes it so good; success with it requires patience, and some investors can’t stand to wait very long. That lack of patience prevents everyone from piling into the book’s core methodology and sending the companies it promotes to prices that no longer make sense.

It’s sometimes a bit confusing that solid investing can be so simple. But this book, and all the statistics and historical data within it, show us that simple really can lead to great results. And results are all that matters in investing — not the level of difficulty or complexity of one's approach.

Definitely check this one out if you’re looking for a new perspective.

-Brian Sachetta
Author of “Get Out of Your Head”

1 person found this helpful

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  • Randy B
  • 06-05-20

This is working very well for me!

I love this! It is working great for me, I love value investing and this was up my alley. I am a Greenblatt follower for sure.

1 person found this helpful

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  • Rpg
  • 21-01-19

Poor and useless information

Magic Formula is a waste of money. Try other books this one is boring and provides little value for time invested to read it.

3 people found this helpful

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  • William
  • 25-03-13

Simple rules for finding good investments

What made the experience of listening to The Little Book That Still Beats the Market the most enjoyable?

I like the simplicity and clarity in wading thru so much noise in investing to find what you need to select some good investments (using stock screeners, it makes it even easier). Warning: Does require patience, and I have not used this system to know how well it works... but Joel Greenblatt has a good reputation as a very good investor.

3 people found this helpful

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  • Brad
  • 20-02-12

One of the best audiobook narrations I've heard.

Where does The Little Book That Still Beats the Market rank among all the audiobooks you’ve listened to so far?

Among all of the audiobooks I've listened to so far, The Little Book That Still Beats The Market is absolutely on of the best.

What was one of the most memorable moments of The Little Book That Still Beats the Market?

Excellent Narration. I actually felt like I was listening to the author. The narrator did an excellent job of conveying the humor that the author included. This book is a highly informative, engaging, and very fun listen.

Have you listened to any of Adam Grupper’s other performances before? How does this one compare?

I have not listened to any of Adam's other performances, but I will seek them out.

What did you learn from The Little Book That Still Beats the Market that you would use in your daily life?

A simple formula for successful investing.

Any additional comments?

Very satisfied with this product.

3 people found this helpful

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  • Brooke DeVard
  • 14-05-17

Waste of time

Something that can be summarized in couple pages should not qualify as a book. If you are a teenager and want to have 101 on markets and want to understand investing on companies with high returns on capital, this book is for you but read an online summary would be better use of your time

5 people found this helpful