THE MAGIC FORMULA FOR PICKING STOCKS (The Little Book That Beats The Market by Joel Greenblatt )

Описание: In this video I Discuss THE MAGIC FORMULA FOR PICKING STOCKS (The Little Book That Beats The Market by Joel Greenblatt ) and explain how I use the magic formula in my own investing and how you can use it in your own investing.

The magic formula book by Joel Greenblatt
The Little Book That Still Beats the Market https://amzn.to/3onLIcW

The magic formula investing website by Joel Greenblatt
https://www.magicformulainvesting.com/

The value investors website, magic formula investing 2021.
https://www.valueinvestorsclub.com/

A great website for doing further reseach on Magic Formula stocks
https://quickfs.net/

Follow Guru investors latest purchases
https://www.dataroma.com/

Who is Joel Greenblatt?

Joel Greenblatt, the author, and creator of the Magic formula, is a value investor, professor at Columbus University, and runs the Gotham Funds Hedge Fund.
He also started the value investors club, which is a 250 exclusive membership group of investors who win $5000 every 2 weeks for the best investing idea.

Understanding Magic Formula Investing
The magic formula strategy was first described in the 1980 best-selling book "The Little Book That Beats the Market" and in the 2010 follow-up, "The Little Book That Still Beats the Market” by investor Joel Greenblatt. Greenblatt, founder and former fund manager at Gotham Asset Management, is a graduate of the Wharton School at the University of Pennsylvania.

In the book, Greenblatt outlines two criteria for stock investing: Stock price and company cost of capital. Instead of conducting fundamental analysis of companies and stocks, investors use Greenblatt's online stock screener tool to select the 20 to 30 top-ranked companies in which to invest. Company rankings are based on:

Their stock's earnings which are calculated as earnings before interest and taxes (EBIT)
Their yield which is calculated as earnings per share (EPS) divided by the current stock price

Their return on capital which measures how efficiently they generate earnings from their assets.Investors who use the strategy sell the losing stocks before they have held them for one year to take advantage of the income tax provision that allows investors to use losses to offset their gains. They sell the winning stocks after the one-year mark, in order to take advantage of reduced income tax rates on long-term capital gains. Then they start the process all over again.


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Some of my favorite investing books.

The Barefoot Investor:https://amzn.to/3eb3mf7
Rich Dad Poor Dad:https://amzn.to/3oqgC4i
Rich Dad's Retire Young Retire Rich: https://amzn.to/2HzKVoz
The 4-Hour Work Week: https://amzn.to/37FzdDC
The Dhandho Investor: https://amzn.to/3jtO71W
The Education of a Value Investor: https://amzn.to/37CZQJh
Invested: https://amzn.to/2TPR82u
Rule #1: https://amzn.to/2J0Is6Z
The Little Book That Still Beats the Market https://amzn.to/3onLIcW
One Up On Wall Street: https://amzn.to/3jultht
The Psychology of Money:https://amzn.to/33WInZQ

More advanced books once you have got the swing of things

100 Baggers: https://amzn.to/37HNLTq
The Intelligent Investor https://amzn.to/3ku5ocB
The Acquirer's Multiple:https://amzn.to/3olsWmB

THE MAGIC FORMULA FOR PICKING STOCKS (The Little Book That Beats The Market by Joel Greenblatt )

Table of Contents

00:00 Introduction
01:00 Return on Assets
03:10 Magic formula investing by Joel Greenblatt
04:58 Value investors club by Joel Greenblatt
06:30 Quick FS H&R block
06:50 Data Roamer
09:27 Conclusion and how I use the Magic Formula

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If you have any other good investing related books you recommend then drop them in the comments below cheers. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you!

Disclaimer: I’m not a financial advisor. The information contained in this video is for educational and entertainment purposes only. Any recommendations shown during the video should not be considered financial advice and you should consult a licensed financial advisor before making any investment decisions. Books I have read and highly recommend, if you are just starting out on your investing journey I recommend starting at the top of your list and working your way down.