The Little Book that Beats the Market

This book is by far the most tactical of the finance books I've read. It recommends ranking stocks by their earnings yield and ROC and holding for a year selling and repeating the screen. His calculations show a ~30% return on such a strategy and he offers a website to run the screen for you. The tone of the book is pretty silly, but it's basically talking about a simple way to value businesses and then relying on average, long time horizons and diversification to take care of the rest. I like the message and I think this combined with some basic analysis of competitive advantage should help find some long-term winners ... i hope :-)

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