Joel Greenblatt on CNBC discussing the Magic Formula

Author's Avatar
Sep 14, 2010
Joel Greenblatt appeared on CNBC this morning to discuss his new book The Little Book That STILL Beats The Market. The book is an updated version of The Little Book That Beats The Market which presents a formula for finding great businesses (high ROC) at discounted prices (earnings yield). Since the original "Little Book" was released, a small following has developed great interest in the results that could be obtained by optimizing the formula. To those who have stuck with the formula, The Little Book That Still Beats The Market provides updated results along with a section of why the magic formula system has not worked as well as many had hoped, which was mainly due to the recent stock market drops.