Review of The Little Book that Beats The Market by Joel Greenblatt

One of my favorite books on investing, this incredibly short and entertaining read describes in plain english how to think about investing in stocks. The book provides ample evidence that a strategy of purchasing high ROIC/low PE stocks (The Magic Formula) can generate market beating returns. For beginners this is a great introduction to investing and for experienced professionals its a great refresher on the basic tenants of value investing.