Two years in MBA school won't teach you how to double the market's return. Two hours …… [ 展开全部 ]
with The Little Book That Beats the Market will.
In The Little Book， Joel Greenblatt， Founder and Managing Partner at Gotham Capital (with average annualized returns of 40% for over 20 years)， does more than simply set out the basic principles for successful stock market investing. He provides a "magic formula" that is easy to use and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world， Greenblatt explains it using 6th grade math， plain language and humor. You'll learn how to use this low risk method to beat the market and professional managers by a wide margin. You'll also learn how to view the stock market， why success eludes almost all individual and professional investors， and why the formula will continue to work even after everyone "knows" it.
--This text refers to an out of print or unavailable edition of this title.
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·利用ROA(资产收益率)作为筛选标准。将ROA的最低标准设置为25%(这将取代神奇公式研究中的资本收益率)
在ROA高的股票中,筛选那些P/E(市盈率)最低的
股票(这将取代神奇公式研究中的股票收益率)。
从名单上排除所有公用事业和金融类股票(如共同基金、银行和保险公司股票)。
从名单上排除所有外国公司股票。在大多数情况下,这些公司的名称后会带有后缀“ADR”(即“美国存托凭证”)
如果某种股票的P/E值非常低,比如5或者更低,这可能说明上一年有异常情况或数据的使用在某些方面出了问题。你可能想从你的名单中排除这些股票,你可能还想排除那些在上周公布收益的公司(这应当有助于降低数据不准或不及时的可能性)。
·在获得你的名单之后,按照magicformulainvestin.com网站中的第四步和第八步去做。
首先利用神奇公式列出一组优质股票名单,然后利用自己的方法选择你最中意的几只,但你必须在神奇公式选中的前50~100只股票中进行选择。别担心,我们稍后就会知道如何
将你的股票投资限制在少数低价位的“好”公司上。
对那些为数不多的能够预测未来几年正常收益和企业价值的人来说,持有少数低价位股票是最好的方法。作为常用原则,如果你进行了真正的研究,并对你购买的公司十分了解,5~8种不同行业的股票就能占据你的投资组合的80%。