The Little Book That Beats the Market读书介绍
类别 | 页数 | 译者 | 网友评分 | 年代 | 出版社 |
---|---|---|---|---|---|
书籍 | 176页 | 8.2 | 2020 | John Wiley & Sons Inc |
定价 | 出版日期 | 最近访问 | 访问指数 |
---|---|---|---|
USD 19.95 | 2020-02-20 … | 2021-03-01 … | 59 |
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Book Description
A guide to beating the market for all ages
Two years in MBA school won’ t teach you how to double the market’ s return. Two hours with The Little Book That Beats the Market will. Hedge fund manager and Columbia Business School Professor Joel Greenblatt has set out to show, in step-by step fashion, how beating the market can be made simple and easy for investors of any age. In addition to setting out the basic principles of successful stock market investing, the book provides a magic formula that is easy to use and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a clear breakthrough in the academic and professional world, the common sense method is convincingly explained using 6th grade math skills, plain language and humor. Readers will learn how to use this low risk method to beat the market and professional managers by a wide margin. Along the way, readers will also learn: how to view the stock market; why success eludes almost all individual and professional investors; and why the formula will continue to work even after everyone knows it.
From Publishers Weekly
Contrary to efficient-market naysayers, this engaging investment primer contends that ordinary stock-market investors can indeed get better-than-market returns over the long haul. Greenblatt (You Can Be a Stock Market Genius), a Columbia Business School adjunct professor, touts a "value-oriented" approach that looks for bargain stocks whose share price is cheap relative to the company's profitability. His version is a "magic formula" that ranks stocks on the basis of two variables—the earnings yield and the business's return on capital. His Web site, magicformulainvesting.com, virtually automates the procedure for novices. Greenblatt offers lots of statistical proof of the formula's success, but emphasizes the importance of faith in seeing the investor through inevitable short-term downturns: "It will be your belief in the overwhelming logic of the magic formula that will make the formula work for you in the long run." He conveys his ideas through a lucid if rudimentary and rather corny explanation of basic investment concepts about risk, return, interest and business valuation. Although the fabulous returns he touts seem too good to be true, Greenblatt's formula is a reasonable variant of mainstream value-investing methods. Investors seeking a little more hands-on excitement than the average mutual fund offers won't go too far wrong following his advice. (Jan.)
From AudioFile
A Wharton-trained head of a successful investment partnership has a foolproof method for evaluating stocks: Companies are worth what they return to investors on a consistent basis. Trusting yourself to use this simple principle will work much better than any get-rich schemes, and much better than trusting other people to select stocks for you. The method requires some digging into a stock's fundamentals, understanding risk factors, and paying close attention to timing when buying and selling. An enhanced CD contains printable details of the author's "magic formula" for evaluating stocks. Adam Grupper does well with this material, projecting confidence and using vocal tones and pacing that are enjoyable for the entire program. T.W.
Book Dimension
length: (cm)18.6 width:(cm)13.1
作者简介乔尔·格林布拉特是Gotham资本公司的创始人和合伙经理人,自1985年这一私人投资公司成立以来,它的年均回报率达到了40%。他不仅是哥伦比亚大学商学院的客座教授,一家《财富》500强公司的前董事长,价值投资者俱乐部网站(ValueInvestorsClub.com)的合作发起人,还是《你能成为股市天才》一书的作者。格林布拉特拥有理学学士学位,并从沃顿学院获得工商管理硕士学位。
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