The Little Book That Still Beats the Market

The Little Book That Still Beats the Market

Book - 2010
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Publisher: Hoboken, N.J. : Wiley, c2010
Branch Call Number: 332.63228 G
Characteristics: xxiii, 183 p. ; 18 cm
ISBN: 9780470624159
0470624159

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OL_539
Dec 30, 2018

A good introduction to the world of investment in the first chapters.
A basic concept of buying undervalued stocks is fine. But make sure you are not buying a dwindling down company.
Make sure you check Financial statements in places like https://finance.yahoo.com
for Net Income and Gross Income. Both have to be positive and growing or soon to be growing for cyclical companies.
Check both yearly and quarterly statements.
If last year Net income smaller than previous, read about the company and see if there is a potential come back. If yes, buy it, otherwise, don't.
Watch for the companies that are down on earning in the last one or two quarterly statements, but have the potential to grow in the near future.
Summary: I would never buy a stock just because it's on a good sale (magic formula) unless the above mentioned financial statements are quickly checked as well.
The author himself mentions that in the last chapters.
The idea of Cost of Revenue be smaller than Gross Profit is good though.
My biggest problem is that the author is suggesting to rely on 'magic formula' only. No risk management is mentioned at all, neither is chart reading. A sure way to lose your money.

j
joekirwin
Jan 13, 2015

A useful introduction to investing. Although it is a struggle to be confident in MFI investing as a sole strategy, it can be useful as a primary stock screening tool.

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