The Little Book That Still Beats the Market
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Review : Ok so two things need to be taken into consideration prior to reading this review. 1. I've been a customer on Amazon (and customer of many retail stores) for many years now and purchased over 100's (probably thousands) of items, many in which I love! And have never ever felt the need to leave a review for. 2. If I think this book is so amazing why haven't I given it 5 stars, why not 4? Well for starters I'm a novice investor. By novice I mean 2 months worth of experience in the actual stock market lol not including 2 year's of investing in the acorns app (which after fees I walked out with an extra $50). While that might seem like a horrible investment please keep in mind I had a little over $700 in the account, so about a 7% return and acorns is a mobile app. Some how I knew I could do much better than that investing in the stock market myself. It was always something I've been interested in for year's now. However like most people, the idea of losing all my hard earned money has put a damper into that interest. But after seeing the possible returns I could make I told myself investing in it myself could be even more rewarding in the end. So I'm assuming like everyone who purchased this book, I wanted to start gaining knowledge about the stock market. So I purchased a few books. One being a investing 101 book written by a CPA. Then I went ahead and researched the greatest books on investing and came across Benjamin Graham's book "The intelligent investor" which I purchased. Bought myself a book to teach me on how to read a balance sheet and other financial statements so that I'd be able to learn how to read a companies health. With the thirst for more knowledge I kept picking up more books which brings me to this one "The little book that still beats the stock market" and i love it so much that after year's of never reviewing anything I felt the need to actually write a review. But the author of this book truly simplified everything I've read up until this part. That's why it's so important you understand that I'm still a novice investor, someone with only 2 months of experience in the stock market on my own. This author not only wrote this book as if he were talking to adults, but also as if he was talking to his children. So he literally wrote this in a way that most if not all people could truly understand. And with the knowledge I had gained from those other books I've read in the past (but was somewhat confused by because of the literature and lack of experience or knowledge in investing) this book truly clarified everything and put it in a wider perspective that I could actually grasp hitting on every key thing the other books had mentioned (even referencing the greatest book in investing by Benjamin Graham) already in a more simplified and fun way. I say fun because apparently this author is a comedian literally joking his way throughout the entire book keeping me entertained and never losing focus of actually learning what he's teaching. I'm really impressed by this book because as a beginner in investing I feel that this book along with everything I've learned with the others had given me the courage and understanding to know what to look for and how to look for them when it comes to stocks or index funds and even bonds. Now on to the reason why I gave it 4 stars and not 5. I consider myself a realist and throughout the entire book the author mentions this system in which he calls the "magic formula" which picks out the greatest stocks at under value Price's. I've yet to try his formula and therefore can't give it 5 stars, but I definitely will and believe that how he goes about making this formula puts Warren Buffett's and his mentor Benjamin Graham's formula in a more simplified way for everyone to understand even those who don't have a bachelor's degree.
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