Should You Read: The Little Book That Still Beats the Market? Joel Greenblatt Book Review

요약 보기

이 영상은 조엘 그린블랫의 '마법공식' 투자책 'The Little Book That Still Beats the Market'에 대한 리뷰다. 결론: 책은 간결하고 설명이 잘 이어지지만, 마법공식 예찬 및 자사 웹사이트 홍보, 단점 설명 부족이라는 한계가 있다. [책의 단점] 마법공식을 '마법'이라 부르며 최고라고 강조하는 어조가 다소 이상하게 느껴진다. 책 안에 저자 웹사이트를 홍보하는 내용이 들어 있다. 마법공식 투자 방식의 단점과 한계는 거의 다루지 않고 장점만 언급한다. [책의 장점] 어린이의 사탕·껌 판매에서 시작해 점점 복잡한 개념으로 확장되는 설명 흐름이 자연스럽다. 좋은 기업의 조건을 단계적으로 제시하며, 이익수익률과 자본수익률의 중요성을 강조한다. 짧고 간결해 군더더기가 적으며 약 2시간이면 읽을 수 있다. [추천 챕터] 3위: 9장 자본수익률의 중요성 - 높은 자본수익률이 기업의 질을 말해준다는 점. 2위: 5장 적정가격의 좋은 기업 - 높은 이익수익률의 중요성. 1위: 1장 사업 가격 결정 입문 - 아이도 사업을 시작할 수 있으며, 사업이 어떻게 성장하고 무엇이 주식으로서 가치를 갖는지 설명. [추천 대상] 공식 기반 투자 방식에 관심 있는 사람, 기업이 어떻게 성장하고 주식과 연결되는지 궁금한 사람, 이익수익률·자본수익률을 쉽게 이해하고 싶은 초보 투자자. [비추천 대상] 이미 오랜 기간 직접 종목을 골라 투자해 온 숙련 투자자, 기업 실적과 미래 전망을 깊이 파고들고 싶은 사람, 공식 투자 방식을 싫어하는 사람. 마지막으로 영상은 구독과 좋아요를 요청하며 마무리된다.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. welcome back to our should you read series this one being the little book that still beats the market by joel greenblatt the question is what's in the book for the chapters dedicated number one talks about the intro to business pricing number two is about saving money number three is where to put savings number four is the difficulty of valuing a business number five is a good company at bargain prices number six is the magic formula introduction number seven is the back testing of the magic formula number eight is why most people can't stick to formula investing number nine is return on capital's importance number ten mr markets influence number 11 picking individual stocks number 12 mutual and index funds and number 13 there are no guaranteed results as usual we're starting off with what i didn't like about the book and the first part is that it has a weird vibe when talking about magic formulas formula based investing is following rigid guidelines and procedures to pick investments this gets a little weird when he says that his formula is the magic formula that's the best and why it's so obviously the best number two is it self-promotes his website inside the book and i totally get wanting to put your own website inside of other content that you have but i know that some people get really upset whenever people put their own promotions of things inside of something that they already have for point number three it doesn't talk about the shortcomings of using the formula investing style and only talks about the good points for something as important as a person's life savings i would have wanted an explanation of good and bad points to using this it only talked about why it's good now we'll get into what i liked about the book first point is that the connections and progression while reading was very fluid it was pretty well put together there was a continuous idea and example which progressed to explain more complicated ideas throughout it starts with the kids selling candy and gum in school and how it complicates itself as it gets bigger and bigger the second point that i liked was that it provides strong points on what makes a good company during the progression stages the book gives excellent points on why earnings yield and return on capital are so important and focused on in this book number three it was a short concise book there isn't much fluff that i see in some other books that i read since this is part of the little book series it tries to compact information from start to finish it only took about two hours now we'll get into what in my opinion are the best chapters in the book for our top three i have the number one chapter being chapter one the introduction to business pricing number two would be chapter number five a good company at bargain prices and my third best chapter in the book goes to chapter nine return on capitals importance so for starters our third best chapter the return on capitals importance the main idea is why return on capital matters so much and what having a high return on capital says about the company's quality for the second best chapter the good company at bargain prices the main idea is why a high earnings yield is important and what gives a company a high earnings yield but what i felt was the best chapter overall is chapter number one the introduction to business pricing where the main idea is just welcome to the world of business and that even a kid can start and run a business but the question really is how does it grow further and stronger and what's it worth what is it about the business that makes it worth buying into or buying shares of the company but as usual it's not a series about should i read this book the question is should you read the little book that still beats the market people this book is for is someone that's looking for a formula based investing style i wouldn't say that you should only read one formula based investing style and stick with that if you were really truly hard set on finding a formula based investing style you should really be looking at multiple styles and then deciding for yourself which one you like the most or altogether avoiding them a person wondering how businesses start and grow and why this connects to stocks and finally investors wanting to learn about earnings yield and return on capital at an easy to understand basic level people who this book might be for someone that wants an investing perspective talking about formula based investing and an explanation on why focusing on return on capital and earnings yield is so important over all other factors who is this book definitely not for it's definitely not for people who are heavily experienced investors who have already been picking their own stocks for years people who want to dig deep into a company's performance and future outlook and anyone who dislikes formula investing styles if you like picking your own stocks knowing what you own and keeping it in your portfolio forever this is not the book for you so if you're interested in reading i have a link for this book in the description down below if you've watched the video all the way to the end hitting the like button is a great way to show how much you enjoyed it and if you haven't subscribed yet i recommend doing so to stay up to date on this series and other series that i'll be doing in the future thank you so much for watching and i hope to see you in the next episode