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Pros & Cons
Pros
The book is written by an expert in experimental psychology. It is an excellent gift to someone who wants to get into investing.
Its worth to learn how to value and run a quick calc on the 30 companies every quarter. If you replicate the strategy using the standard nwc definition, you get about a 40% overlap between your selections and what the magicformulainvesting website is ... Read More
Cons
About 25% basic information and 75% nonsense. Outdated, and the way theories and the authors speculations are presented are irresponsible and reckless. Full of nonsense and misleading information and theories.
Don't wast your money on any of joel's books. Joel greenblatt recommends the same thing in this book.
If his team knows an undervalued stock so does the entire market, and it's no longer a bargain. Did not lose on avg, but did not gain on avg.
New to investing, truly didn't learn much from this book. Most of these companies are completely over-priced. No one wants to loose money before earning some.
Highlights
Competitiveness
Totally recommend this book to begginers as well as more experienced investors
Broadened my perspective on the investment world
Recommend for the curious in investing in the stock market
Overview
- How are reviewers describing this item?
magic, easy, good, stock and simple. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 4,450 reviews as of our last analysis date on Oct 23 2023.
Helpful InsightsBETA
Posted by a reviewer on Amazon
I purchased the updated version only to learn that the same principles apply
Posted by a reviewer on Amazon
The book claims that if you follow the magic formula buying undervalued stocks with the highest return on the capital you can beat the market
Posted by a reviewer on Amazon
I began reading more technical books on value investing but before finishing any of them i veered off and read this book
Posted by a reviewer on Amazon
Since then i realized that everything you need and want to learn is readily available for free
Posted by a reviewer on Amazon
However had i followed the advise within id have lost money when using their formulas
Posted by a reviewer on Amazon
For example one of the constants in the website from the book is gilead
Posted by a reviewer on Amazon
In three years since i bought this book gilead still not making investors money outside of the dividends provided
Posted by a reviewer on Amazon
They tend to be pretty dense and read more like text books where this book reads more like a novel
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