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Re: The Little Book That Beats the Market - Joel Greenblatt
The only two investment books I’ve read are Magic Formula and Rule 1.
I read Magic first and felt like it was a good intro.
Then I read Rule 1 and felt like I was really getting somewhere.
I’ve got “duel portfolios” running with each, and both are doing well. But its been only a short while and time will tell.
A few observations:
1. Magic formula takes a lot less work.
2. Rule 1 is doing better so far.
3. More stress with Rule 1. I have no problem picking the magic formula investments and holding the losers. But I did sell a few that had huge gains and then showed that they were about to go down per Phil’s Tools.
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