“Magic Formula Investing”?
The sceptic in you might protest and decry that this sounds exactly like an internet scam.
But the creator of this “formula”, Joel Greenblatt, really called this investing strategy a “Magic Formula” in his best-selling book, The Little Book That Beats The Market.
Source: AmazonAnd FYI: Greenblatt is not a sham, and neither is his formula.
He is one of the most renowned hedge fund managers in the world, with this formula grounded in the logic of Warren Buffett’s value investment strategy.
Don’t believe me?
Just Google his name and you’ll find that his strategy has been thoroughly dissected and studied by both professionals and academics alike.
I’m not saying that this strategy can be immediately applicable to Singapore’s context, but if you’re interested in learning about how to invest in stocks, then this is perhaps another approach to investing that is good to learn
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