The Little Book That Still Beats the Market

By: Joel Greenblatt

Narrated by: Adam Grupper

Length: 3 hrs and 51 mins

Publisher's 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.

Download the accompanying reference guide.

©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)

Excellent for Beginners

There’s a certain point during this book where I believed I could achieve anything. I’ve had that same feeling about only 2 other books in my life, Think and Grow Rich by Napoleon Hill, as well as How to Win Friends and Influence People by Dale Carnegie. Any investor who isn’t necessarily interested in getting their hands dirty, but is still interested in outperforming the market (mark the difference between that and always having a positive year every year, which you will not. No one will, not even Warren Buffet) and has at least a 3 year time-horizon for their investments will greatly benefit from this book.

great book and very enjoyable

I really enjoyed this book and feel it helps the small investor find value stocks for the long term. just be aware that companies selling at a value can continue to go down before they go up . long term outlook and short term discipline is required. have faith and believe you in your strategy.

Surprisingly useful, a must listen

Extremely well narrated and provides you with a sufficient background and explanations before delving into a concrete, detailed set up.

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.

Giving 5 stars but bare basic information

I'm giving 5 stars because the book is what it is so not knocking it. But just know it's grade school trading information.

it was eh

it was good beginning great, middle was okay and ending was the juicy part

My review.

Wasn't detailed enough for the magic formula,
I have to listen to it again...

This book is eyes opening.

The author's way of writing is very nice and down to the hearth. Very complex concepts are explained in a very simple way, where even newbies can easily understand the theory behind.

This book has given insightful ideas

This book has given a big perspective on valuation on companies. The magic formula is something worth testing

Educational

Explains it well to the beginning/average investor. Recommend for sure! It’s an easy listen too