The strategy works.
5
By Page3rd
Joel Greenblatt is one of the best value investors living. He didn't offer mutual funds employing his strategy when he first wrote this book. To call the second book a sales pitch isn't quite fair. There are lots of people like me who want to follow the strategy but don't have the time or desire to pick, buy and sell their own stocks identified by the formula so Joel no offers professionally managed funds that will follow the strategy for you. I for one like this option. Regardless, the book will help you understand why "stock pickers" on average are no better than throwing darts at stock symbols in the news paper. It's about discipline with a long term investment horizon. You will learn something from this book.