'The Little Book that Beats the Market' is eBook of the Month
DUBLIN, Ohio, USA, 1 Feburary 2006—NetLibrary, in Partnership with John Wiley & Sons, Inc. will feature The Little Book the Beats the Market as the February eBook of the Month. Written by Columbia Business School Professor and hedge fund manager Joel Greenblatt, The Little Book the Beats the Market will be provided with free unlimited access February 1-28 through more than 13,000 participating libraries.
Using basic math skills, simple concepts and a wry humor that lays out his formula, Greenblatt offers a no-nonsense approach to buying good companies at bargain prices. Greenblatt's track record speaks for itself—as founder of Gotham Capital, his company has enjoyed average annualized returns of a staggering 40 percent for over 20 years.
The magic formula doesn't rely on predictions of any kind. It has been tested over hundreds of different periods and thousands of stock picks and while it takes a bit of effort and a little more patience, Greenblatt says his approach can be mastered by almost anyone. In fact, he has used his young children to test the formula's ease of use.
Michael Price calls it "one of the most important investment books of the last 50 years" while Bruce Greenwald of Columbia Business School says, "this book is the finest simple distillation of modern value investing principles ever written. It should be mandatory reading for all serious investors from 4th grade on up." Andrew Tobias, writing in the foreword, says while not everyone—by definition—can beat the market averages, he believes that "patient people who follow Joel's advice will beat them over time?Not bad work for a skinny little book."
About the Author Joel Greenblatt is the founder of Gotham Capital, an investment partnership that has averaged 40 percent annualized returns since its inception in 1985. He is a Professor on the adjunct faculty of Columbia Business School, the former chairman of a Fortune 500 company, the co-founder of the Value Investors Club, and the author of You Can Be A Stock Market Genius (Simon & Schuster; 1997). Greenblatt holds a BS and an MBA from the Wharton School.
About John Wiley & Sons, Inc. Founded in 1807, John Wiley & Sons, Inc., provides must-have content and services to customers worldwide. Its core businesses include scientific, technical, and medical journals, encyclopedias, books, and online products and services; professional and consumer books and subscription services; and educational materials for undergraduate and graduate students and lifelong learners. Wiley has publishing, marketing, and distribution centers in the United States, Canada, Europe, Asia, and Australia. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb. Wiley's Internet site can be accessed at http://www.wiley.com.
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