The Little Book That Still Beats the Market (Little Books. Big Profits) by Joel Greenblatt
Author:Joel Greenblatt [Greenblatt, Joel]
Language: eng
Format: epub, mobi, pdf
ISBN: 9780470926727
Publisher: Wiley
Published: 2010-07-16T04:30:00+00:00
It tries to buy them at bargain prices!
The formula chooses only good companies that also have a high earnings yield. A high earnings yield means that the formula will buy only those companies that earn a lot compared to the price we are paying.
Hmmm . . . buying above-average companies at below average prices, it sounds like it should work!
But how do your bones feel about that?
Quick Summary1. Most people and businesses can’t find investments that will earn very high rates of return. A company that can earn a high return on capital is therefore very special.
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