저자: 미상 · 외국인
요약 보기
조엘 그린블랫의 『The Little Book That Still Beats the Market』을 요약한 영상. 마법공식은 이익수익률(저평가 정도)과 자기자본이익률(우량성)을 결합해 상위 20~30개 기업을 선정하고 매년 리밸런싱하는 방식이다. 인내와 원칙을 강조한다. 영상은 특정 자산의 가격 방향에 대한 예측을 포함하지 않는다.
다듬은 글
Hello friends. Today we will talk about a book that makes the world of investing easy and fun. The Little Book That Still Beats the Market by Joleil Green Blatt. This book is so simple that even children can understand it and so powerful that it can keep you ahead of the market. Joe Greenblad, a famous investor and writer, talks about a magic formula in this book that teaches you how to buy good companies at cheap prices.
Chapter One The Magic of the Magic Formula. What if we said there was an investment formula that was as easy as child's play? What if we tell you an investment formula is as easy as a child's game. Joel Greenblatt raises a simple question in this book. If you want to invest money in the market, will you blindly buy stocks or proceed with a plan ?
His answer is the magic formula. This formula says buy good companies at bargain prices i.e. buy good companies at cheap prices. But the question is which is a good company and how will we know the cheap price? Green Blade tells a funny story to explain this. Jasan Gum Shops Suppose Jasan runs a small shop that sells chewing gum.
His shop earns ₹1 lakh every year and costs only ₹1 lakh to run. That means his profit is Rs 8 lakh. Now if you get this shop for ₹ lakh, then wo n't it be a cheap deal? This is how the magic formula works. It helps you find companies that are undervalued but have excellent quality. Magic formula is a shortcut to buying good companies at cheap prices.
In the next chapter we will learn how this goodness and cheapness are measured. Stay with us. Chapter Two Earnings Yield. Do you know there's an easy way to spot something cheap in the market ? Now let's talk about the first part of the magic formula: earnings yield. This is a number that tells you how much profit a company is giving you in return for your investment.
To understand this, let's look at Jason's shop again. If you buy her shop for Rs 20 lakh and she earns Rs 8 lakh annually, your earnings yield will be 40%. Meaning you are earning 40% of your investment every year. Isn't that a great deal? Green Blood says that most people buy stocks without thinking.
He gives it to a funny one. Picking stocks without thinking is like running into a gunpowder factory with a lit match. Even if you survive, it is still foolish. Imagine how good it feels when you buy something cheap from the market, like your favorite snack. Earnings yield gives the same feeling. Just on a slightly bigger level.
Earnings yield shows how much return your money is giving. The more the better. Chapter Three Return on Capital The Measure of Goodness. How to measure the true strength of a company? Let us know. How Do You Measure a Company's Reel Strength? Let's find out. The second part of the magic formula is return on capital.
That is, how much return is the company earning on its investment. Green Blade compares two stores to explain this. One is Jasan Gum Shops which is earning Rs 8 lakh on an investment of Rs 2 lakh. Meaning 400% return. The second one is Jimbos Just Brock Coley which earns only 1 lakh on an investment of 10 lakh.
That means 10% return. What will you invest in ? Absolutely in Jassan because its return on capital is much higher. It's like you choose him among your friends. Which does more work with less effort. Return on capital is that smart friend that shows the efficiency of the company. Good companies are those that have a high return on capital.
Good companies are those that give high returns on their capital. Chapter Four The Magic of Two Parameters. What if two simple numbers could help you choose the best investments in the market? What If Two Simple Numbers Help You Pick Superhit Investments in the Market. So far we have learned that earnings yield measures cheapness and return on capital measures goodness.
The magic formula combines these two to create a ranking. Green Blood says you have to pick the top 20 to 30 companies every year that are at the forefront of both. Then divide your money among them and update the list every year. Suppose you are a shopkeeper and you know which products are cheap and which ones sell the most.
You combine both to create your shop's stock so you can make a profit and keep your customers happy. Magic Formula does the same. Chapter Five Patience and Discipline the Key to Success. Can haste in investing harm you? Can Impatience in Investing Harm You? Green Bloods repeatedly emphasizes one thing.
The magic formula works. But this requires patience and discipline. Stock prices keep fluctuating. But this does not mean that the value of the company has changed. He says, think about it, when you plant a plant, do you uproot it every day to see whether the roots have grown or not? No, right? Investing is also like this.
Give time and you will get the results. Chapter Six Real Life Uses. How to apply the magic formula to your investments? Let us understand step by step. How to Apply the Magic Formula to Your Investments. Let's understand step by step. Green Blade even created a website to make it easier. Magic Formal Investing.com You can go there and make a list of companies of your choice.
Just follow these steps. Choose companies with a high earnings yield and return on capital. Invest in two 20 to 30 stakes. Three: Rebalance your portfolio every year. It is just like you play IPL fantasy league with your friends. Pick the right players, build a team and wait until the season is over.
Chapter Seven Why Does It Work? Green Blood explains that the magic formula works because people make emotional decisions in the market. They even sell good companies at cheap rates. He has a wonderful coat. If you just stick to buying good companies once they have a high return on capital. And to buying those companies only at bargain prices at prices that give you a high earnings yield.
You can end up systematically buying many of the good companies that crazy Mr. Market has decided to literally give away. If you keep buying good companies at cheap prices, you can take advantage of market mistakes. Now that you've learned the magic of the Magic Formula, it's time to try it out. Now that you learn the magic of the magic formula.
It's time to try it. If you liked this summary, please like it. Share it with your friends and subscribe to our channel to get more such valuable tips. If You Like This Summary Like It, Share It With Your Friends And Subscribe To Our Channel For More Valuable Tips Tot. Thank you. and moving forward in the world of investing
댓글 0