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The Little Book That Still Beats the Market

Narrated by: Adam Grupper
Length: 3 hrs and 51 mins
4.5 out of 5 stars (132 ratings)

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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)

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What members say

Average customer ratings

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  • Overall
    4 out of 5 stars
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    4 out of 5 stars

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.

2 of 2 people found this review helpful

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    5 out of 5 stars
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    4 out of 5 stars

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.

2 of 2 people found this review helpful

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A simple strategy that everyone should consider

Life changing if taken onboard. Buy above average companies for below average prices. Simple strategy.

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Short and to the point

A simple idea and not too much pooha around it. Simple enough for everyone to understand, yet interesting enough for economics minded people.

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  • LC
  • 16-08-18

Clear and useful- if it works!

Gives a very clear and well explained method of beating the market in stocks over the long term. Also easy to listen to and fun.

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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

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meh

could have just been 1 chapter saying formula is great etc; repeating throughout. 2 words

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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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Value stock picking 101

Must read. Compelling, engaging, easy to understand and funny/silly, this Little Book is a great read, and will prepare you to Beat 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.

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  • Overall
    5 out of 5 stars
  • 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.

6 of 6 people found this review helpful

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    4 out of 5 stars
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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!

3 of 3 people found this review helpful

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    4 out of 5 stars
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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.

2 of 3 people found this review helpful

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    2 out of 5 stars
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  • Amazon Customer
  • 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

4 of 7 people found this review helpful

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  • Linda Mueller
  • 11-06-19

couldn't get past the humor

I might have learned something but I couldn't stick it out through the stupid jokes and marginally relevant personal examples.

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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

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  • Amazon Customer
  • 12-04-19

A must read/listen!

A true insight for any one interested in value investing and beating the market over the long run.

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  • Gabriel M.
  • 03-04-19

Very Informative and Insightful

This book is very easy to understand and display the "economics" in a plain manner. I recommend this book to anyone how wants to learn more about the Stock Market and start to learn about Value Investing.

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  • Reno G.
  • 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.

1 of 2 people found this review helpful

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  • Kevin Calvey
  • 24-08-18

outstanding investment book

An investing book for everyone! Sets forth the simple strategy, explains why it works based on sound investing principles, and does so in a way intelligible even to a sixth grader. Funny, too!