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has been working on expanding the offerings for his business venture Formula Investing. The book illustrated a stock investment method that selects stocks based on the combination of earning yield and return on equity. Individual investors can use the investment method by signing up with Greenblatt’s business venture FormulaInvesting.com.
In the Forbes interview, he discussed his recent work of expanding the magic formula to other countries. Data integrity of the international market is of major concern so he had to construct his own database. The international offering will be available throughh Formulainvesting.com this quarter.
Also he discussed his attempt to extend his magic formula to financial and utility companies – two areas that were excluded in the original book.
Watch the Video Clip:
And read the transcript here.
Steve Forbes must be reading GuruFocus.com. Last week, he interviewed Mohnish Pabrai (see video and transcript), another Investment Guru tracked by GuruFocus.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett, Joel Greenblatt, and Mohnish Pabrai for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
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