
If you're looking to improve your value investing skills, Joel Greenblatt's books are a great place to start. His book, "The Little Book That Beats the Market", teaches value investing strategies that can be applied to everyday investing.
Joel Greenblatt's value investing approach focuses on finding companies with high returns on capital and low debt levels. He advocates for a simple and disciplined approach to investing.
Greenblatt's investment philosophy is centered around his Magic Formula, which calculates a company's value based on its earnings yield and return on capital. This formula helps identify undervalued companies that are likely to outperform the market.
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13 Book Recommendations
Joel Greenblatt's book recommendations are a treasure trove of knowledge for investors. His list of 17 books includes classics like "The Intelligent Investor" by Benjamin Graham.
Greenblatt's own books, such as "You Can Be a Stock Market Genius" and "The Little Book That Beats the Market", are highly acclaimed for their accessible writing style and valuable insights into value investing.
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Some of the books on Greenblatt's list, like "Margin of Safety" by Seth Klarman, focus on risk-averse value investing strategies. Others, like "One Up On Wall Street" by Peter Lynch, offer practical advice for individual investors.
Greenblatt's own investing philosophy is outlined in books like "The Big Secret for the Small Investor", which explains how everyday investors can use value investing principles to achieve long-term success.
Here are 13 book recommendations from Joel Greenblatt's list:
- The Intelligent Investor (Benjamin Graham)
- Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor (Seth Klarman)
- One Up On Wall Street: How To Use What You Already Know To Make Money In The Market (Peter Lynch)
- The Only Investment Guide You’ll Ever Need (Andrew Tobias)
- Money Masters of Our Time (John Train)
- Value Investing: From Graham to Buffett and Beyond (Greenwald, Kahn, Sonkin, Van Biema)
- Beating The Street (Peter Lynch)
- The New Finance: Overreaction, Complexity, and Their Consequences (Robert Haugen)
- What Works on Wall Street (James O’Shaughnessy)
- The Essays of Warren Buffett, 4th Edition: Lessons for Investors and Managers (Lawrence Cunningham)
- The Warren Buffett Way, Third Edition (Robert Hagstrom)
- You Can Be a Stock Market Genius (Joel Greenblatt)
- The Little Book That Beats the Market (Joel Greenblatt)
Secrets for Small Investors
Joel Greenblatt's book "The Big Secret for the Small Investor" offers a new route to long-term investment success.
Greenblatt's book is a valuable resource for small investors. He shares his insights on how to achieve investment success with minimal effort and risk.
"The Big Secret for the Small Investor" is a practical guide that provides actionable advice for small investors.
Here are some key takeaways from Greenblatt's book:
- Avoid trying to time the market and focus on long-term investing.
- Invest in high-quality companies with strong financials and competitive advantages.
- Use a value investing approach to identify undervalued stocks.
- Monitor and adjust your portfolio regularly to ensure it remains aligned with your goals.
The Magic Formula
The Magic Formula is a game-changer for investors who want to make smart, long-term decisions.

It's a simple yet effective strategy that emphasizes investing in good companies at bargain prices. This approach is based on two key financial metrics: return on capital and earnings yield.
Investors who use the Magic Formula are looking for companies that are selling at a discount, which can provide excellent returns. By focusing on quality companies at a low price, investors can potentially beat the market.
The Magic Formula is not a get-rich-quick scheme, and it requires patience and discipline to achieve great returns. It's a long-term quantitative investment strategy that may not yield substantial returns in the short term.
Investors who are easily affected by market fluctuations may find it challenging to stick with the Magic Formula. However, for those who can remain patient and focused, the potential rewards are well worth it.
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Stock Market Knowledge
Joel Greenblatt's books offer valuable insights into the stock market.
He published "The Little Book That (Still) Beats the Market" in 2005 and updated it in 2010.
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The book presents the "Magic Formula" for buying good companies at bargain prices.
This approach is easy to understand and has achieved above-average returns.
However, Greenblatt emphasizes that it's a long-term strategy that requires patience and discipline.
His book "You Can Be a Stock Market Genius" reveals often-overlooked investing tactics.
It's popular due to its accessible writing style and detailed explanation of his special situations investment strategy.
Greenblatt's books are a great resource for those looking to improve their investing knowledge.
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Frequently Asked Questions
What is the little book that still beats the market about?
The Little Book that Still Beats the Market is a book that reveals a simple formula for finding undervalued good businesses and outperforming market averages. It offers a systematic approach to investing that can help investors achieve long-term success.
Is Joel Greenblatt a good investor?
Joel Greenblatt is widely regarded as one of the world's top investors, known for his exceptional stock-picking skills and successful investment strategies. Learn more about his investment approach and notable achievements.
Sources
- https://www.goodreads.com/author/list/43177.Joel_Greenblatt
- https://acquirersmultiple.com/2018/09/recommended-books-every-investor-should-read/
- https://medium.com/emily-c-h-li/the-little-book-that-still-beat-the-market-book-review-joel-greenblatt-80767f001c01
- https://www.liberatedstocktrader.com/top-10-best-joel-greenblatt-book-recommendations/
- https://quartr.com/insights/investment-strategy/joel-greenblatt-the-magic-of-value-investing
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