Hello all. Thanks to those who recommended another investing book similar to the The Little Book that Beats the Market, in that it claims that a fairly simple strategy will beat the market. The book is The Acquirer's Multiple by Tobias E. Carlisle. Tobias Carlisle manages Acquirer's Funds, an investment firm whose fund, The Acquirer's Fund, which trades on the NYSE with the … [Read more...] about The Acquirer’s Multiple
Andrew’s Secret Formula Portfolio
Hello Magic Formula followers! Since I've given up on Joel Greenblatt's The Little Book that Still Beats the Market in April of last year, I've been trying to decide whether it's worth my time and money to try another strategy, or to forget investing in individual stocks altogether and just double-down on my index funds. In the meantime, I've reinvested my MF Portfolio in … [Read more...] about Andrew’s Secret Formula Portfolio
How I Still Use the Magic Formula
Since recently giving up on my Magic Formula Portfolio, I feel like a burden has been lifted. I'm enjoying reinvesting these funds in companies that I believe in, especially those that pay growing dividends. But I haven't completely abandoned Greenblatt's Magic Formula. I still use the screener to identify stocks that I'm already interested in but that might be undervalued in … [Read more...] about How I Still Use the Magic Formula
Final Portfolio Update!
Just over six years ago I began my noble experiment: following Joel Greenblatt's Magic Formula strategy laid on in his bestselling book "The Little Book that Beats the Market". My enthusiasm waned slowly but steadily during those years as the outperformance the Book touts never happened. The ride was not tumultuous - my portfolio consistently underperformed. Here's where it … [Read more...] about Final Portfolio Update!
Some Year End Thoughts
Hello dear readers! Let me be the first to wish you a Happy New Year! Let's hope 2023 sees an end to the war in Ukraine, and the end to a bear market. I've started my latest round of portfolio updates and I wanted to bring up a couple issues with this Magic Portfolio Investing strategy. Over the Counter Stocks (OTC) As I sold Co-Diagnostics Inc (CODX) for a huge loss I … [Read more...] about Some Year End Thoughts