The book's strategies have been independently tested and found to beat the market, though not by as much as claimed. It offers valuable insights but may not deliver the same results for everyone.
This Reddit discussion provides a balanced view of the book, highlighting its strengths and limitations. The strategies outlined in the book have been independently tested and shown to be effective, though the results may vary. The book's “Magic Formula” is praised for its simplicity and practicality, making it accessible to a wide range of investors. However, some users note that the actual returns may not match the book's claims, especially in different market conditions. Overall, the book is seen as a valuable resource, but readers should approach it with realistic expectations.
Quick quotes
It's been independently back tested and has been found to beat the market, but not by as much as Joel Greenblatt claimed.
Since most people can't beat the market, this is a great starting point.
The book offers a straightforward approach to value investing.