Strategy Test - Joel Greenblatt's "Magic Formula" by Bargain Value
[timeless]
Today, we are going to test the strategy of the next investing guru – Joel Greenblatt, who published it in his book called: "The little book, that beat the market". In this book you can find the following table with the results:
As we see, over the last 17 years, Magic Formula has earned on average 30.8% annualy. It is an enormous return. In the same time, the S&P 500 has produced only 12.4% annualy. A huge difference...
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Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
