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The Big Secret For The Small Investor: The Shortest Route To Long-Term Investment Success (2011)

by Joel Greenblatt(Favorite Author)

3.37 of 5 Votes: 3

ISBN

0743562585 (ISBN13: 9780743562584)

languge

English

genre

Nonfiction

publisher

Simon & Schuster Audio

review 1: Really surprised how good this book was. The title sounds cheek, but seems to be the M.O. For Joel Greenblatt. I gave this one a try because Dan Loeb (Third Point hedge fund) called Joel's first book, "You Can Be A Stock Market Genius" the best investment book he read.This book starts off fairly basic, explaining that a company value is simply the PV of future income and the complexities involved in these estimates.The bulk of the book involves selecting investment manager (mutual funds) and the costs/perils of such. He the proceeds through a nice stepwise argument leading to his conclusion that value weighted indexes are where you should be.Good stuff here. Even for active investors.
review 2: Once again Joel Greenblatt has an amazing way to break down an e... morentire semester of introductory finance into a gripping page turning adventure! I recieved this book on Friday and fortunately found enough free moments to finish it by Sunday. This "finance novel" reviews the ever so popular index fund and a method to improve upon the use of it for a portfolio. It captures the thought process that the Fund Managers experience and why they may not often continue to succeed or ever succeed in above average returns. For those that are scared of finance and just not sure what to do, the easy read followed by the summary points will allow you to grasp the point of the chapters very quickly. I would write more about the value of this book, but it is so short and easy to read, I recommend that you pick up a copy of the text in order to enhance your understanding of index funds. less

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