Summary:
The book presents a simple investment strategy known as the "Magic Formula," which focuses on buying good companies at bargain prices by ranking stocks based on earnings yield and return on capital. It also provides a step-by-step guide to applying this formula, along with insights into the stock market's efficiency and the psychological challenges of investing.
Key points:
1. Magic Formula Investing: The book presents a method for investing in undervalued, high-return companies based on their return on capital and earnings yield.
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