Credibility of Magic Formula Investing or CANSLIM?
Has anybody used either of these two methods, and if so, what have your returns been over the past years?
May 21, 2013
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CANSLIM is a hallmark of value investing. It's what I built my early career on, and I still use it today.
Yes, i use MF now. Haven't done a full performance eval lately, but i'm definitely sticking with it.
Bump
Sounds like an Herbalife product.
bump
Magic Formula--- Joel Greenblatt (Originally Posted: 07/18/2012)
http://www.magicformulainvesting.com/
key: 1. bargain price 2. good economics/business
how to find bargain price? --- low p/e, have a basket of bargains --- high ey and high roc
I got it, you got it. We've got the magic baby
I'm on board with Joel and hoping to take his class soon at Columbia.
What is the point of this post, though?
I get the impression that there are a lot of funds out there that are holding what they consider to be a lot of "50 cent dollars" and to be great value buys. I get the impression that 75% of managers dont get over the average market returns in any given year.
Isn't that the trend in value investing in today's environment? Finding broken stocks in companies that are still viable, but the weak equity markets haven't caught on.
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