Joel Greenblatt author of "The Little Book that Beats the Market" was interviewed by Morningstar.com to discuss his magic formula and value investing.
Notes:
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Notes:
- The magic formula has worked pretty well since its publication
- The Magic Formula Doesn't work all the time
- If it worked all the time, everyone would be doing it and run up prices on potential bargains
- Value Investing is a bumpy ride
- If you're a long term investor there is few better ways to invest than value investing
- The magic formula works, but its a bumpy ride
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