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The Little Book That Still Beats the Market Audiobook

The Little Book That Still Beats the Market

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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

What the Critics Say

"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 Members Say

Average Customer Rating

4.3 (554 )
5 star
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4.3 (460 )
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4.4 (461 )
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3 star
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2 star
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1 star
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Performance
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  •  
    John Chamblee, GA, United States 06-25-11
    John Chamblee, GA, United States 06-25-11 Member Since 2009
    HELPFUL VOTES
    482
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    "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.

    3 of 3 people found this review helpful
  •  
    William SALEM, OREGON, United States 03-25-13
    William SALEM, OREGON, United States 03-25-13
    HELPFUL VOTES
    57
    RATINGS
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    78
    63
    FOLLOWERS
    FOLLOWING
    9
    0
    Overall
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    Story
    "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 2 people found this review helpful
  •  
    Regina LEXINGTON PARK, MD, United States 09-29-12
    Regina LEXINGTON PARK, MD, United States 09-29-12 Member Since 2017
    HELPFUL VOTES
    16
    RATINGS
    REVIEWS
    10
    6
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    "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!

    1 of 1 people found this review helpful
  •  
    Herbert 10-19-17
    Herbert 10-19-17
    RATINGS
    REVIEWS
    14
    1
    Overall
    Performance
    Story
    "Informative"

    Useful information. The book provided a realistic approach to investing the provided balanced viewpoints. It also provided useful references.

    0 of 0 people found this review helpful
  •  
    Jospeh W Naus 09-17-17 Member Since 2017
    RATINGS
    REVIEWS
    3
    3
    Overall
    Performance
    Story
    "With One Exception, Wonderful"
    Would you recommend this audiobook to a friend? If so, why?

    yes


    What other book might you compare The Little Book That Still Beats the Market to and why?

    How to Buy Stocks


    Which scene was your favorite?

    When he revealed that money managers/brokers don't be the market consistently and are just salesman


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    See below


    Any additional comments?

    As an author myself, I usually don't criticize other authors, but I do so here because Mr. Greenblatt chose to opine on something that has nothing to do with the book: I applaud the chapter regarding Mr. Greenblatt's acknowledgment that over-trading the stock market does nothing for society and that one who makes money on the market should consider giving-back via charity or service. However, his typical neoliberal opinion that if we were all just as educated as he is, that we could solve most of America's problems, and to even take it one step further and promote charter schools, is inappropriate and wrong. Like so many neoliberal policies, the belief that capitalism is the solution to everything is absurd. As Mr. Greenblatt seemingly admits, the stock market as it exists today, is problematic, so why would we want to introduce it's principles into our public education system? If we all just had ivy (small I) league PhDs, the end-game of capitalism, where the wealthiest 1% own everything, wouldn't happen? It just isn't true!

    NOW, with that said, Mr. Greenblatt's simple system and his campy comedic writing style is entertaining and educational. Whether his methods work in the long-term seems to be a matter of little controversy, whether it works as well as he claims it does, seems to be a matter of somewhat more debate. I'm so grateful he lays out some truths: the NYSE always goes up over time; pro traders rarely beat the market and don't have your interest; there is simply no way to legally beat the market in the short term consistently; and, of course, buying good companies for a discounted price is a good strategy.

    Thanks for writing this and thanks for your website.

    0 of 1 people found this review helpful
  •  
    Mario Scotellaro 09-11-17 Member Since 2017
    RATINGS
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    5
    2
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    "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.

    0 of 0 people found this review helpful
  •  
    Josiah Seth Anjos 07-23-17 Member Since 2017
    RATINGS
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    2
    1
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    Performance
    Story
    "Magic formula makes sense"

    The book hits the nail on the head in terms of simplicity and having a great strategy. The reason it may not work for a lot of folks is that the returns aren't short term, this is how Buffets are made.

    0 of 0 people found this review helpful
  •  
    Vinay SYRACUSE, NY, US 07-04-17
    Vinay SYRACUSE, NY, US 07-04-17
    RATINGS
    REVIEWS
    1
    1
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    Performance
    Story
    "Short Book for people who are new to investing"

    This book is well narrated and very short. It will tell you the basic on why the authors formula will work in all markets in all times. This is clearly not educational but rather helping the listener be rational if he doesn't want to sit down and go through the investing books and garner any knowledge. All in all worth a listen.

    0 of 0 people found this review helpful
  •  
    Federico 06-07-17
    Federico 06-07-17 Member Since 2017
    HELPFUL VOTES
    1
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    12
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    "A great book for beginner investors"

    I loved the structure, the narration and how easy it is to follow the content. NOT for trader, professional investors and experts. It's a very basic book to start in the world of personal finance. You are not going to make millions out of this book's idea but you will have a good return in the long term.

    0 of 0 people found this review helpful
  •  
    Amazon Customer 05-14-17 Member Since 2016
    HELPFUL VOTES
    1
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    REVIEWS
    20
    1
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    "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

    1 of 2 people found this review helpful
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  • Joshua
    8/16/16
    Overall
    Performance
    Story
    "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.

    1 of 1 people found this review helpful
  • RCA123
    UK
    8/12/15
    Overall
    Performance
    Story
    "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.

    1 of 1 people found this review helpful
  • Santiago
    Madrid, Spain
    7/25/17
    Overall
    Performance
    Story
    "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.

    0 of 0 people found this review helpful
  • Inna
    1/23/17
    Overall
    Performance
    Story
    "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.


    0 of 0 people found this review helpful
  • David
    7/26/15
    Overall
    Performance
    Story
    "Highly educational & underpinned by logical framew"

    Highly educational & underpinned by logical framework of buying above average companies at below average prices based on objectively derived numerical ranking

    0 of 0 people found this review helpful
  • Łukasz
    12/12/14
    Overall
    Performance
    Story
    "Very good introduction to value investing"
    If you could sum up The Little Book That Still Beats the Market in three words, what would they be?

    Book is about value investing with formula to rank most valuable stocks. Full rules are revealed unfortunately I have not found free data that can be used to apply and backtest method from this book.


    What other book might you compare The Little Book That Still Beats the Market to, and why?

    It compares with other value investing books. But formula is easy to apply for any individual investor. It clearly shows one easy way to pick value stocks.


    Which character – as performed by Adam Grupper – was your favourite?

    Not adequate.


    0 of 1 people found this review helpful
  • TheNoughtyGraduate
    1/31/15
    Overall
    Performance
    "Great introductory book but I need more!"

    Very intriguing. Makes sense. Though he doesn't explain what standard checks one should do when looking at your top ranked companies. Surely some sort of filter should be applied? I read on the wikipedia page that financial and energy firms should be removed but this is not mentioned in the book. Also, no explanation is given for why the formula would not work in international markets (e.g. The UK?). Must be an accounting rule but would be helpful to know which one. And finally, no discussion on transaction costs and a recommended starting balance to spread these.

    0 of 2 people found this review helpful

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