Joel Greenblatt, founder of Gotham Capital, shared his thoughts on a number of investing topics in a rare interview on CNBC this morning. The focus of much of the discussion was related to Mr. Greenblatt’s “magic formula” strategy that he outlined in The Little Book That Beats the Market.
This strategy is also discussed in more detail on the Magic Formula Investing website. Additionally, The Manual of Ideas 10×45 Bargain Hunter newsletter includes screens using the “magic formula” based on trailing earnings, current earnings, and next year’s projected earnings. Click on this link to read a review of Mr. Greenblatt’s earlier book: You Can Be a Stock Market Genius.
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