Acclaim for Joel Greenblatt's New York Times bestsellerTHE LITTLE BOOK THAT BEATS THE MARKET

"One of the best, clearest guides to value investing out there."Wall Street Journal

"Simply perfect. One of the most important investment books of the last fifty years!"Michael Price

"A landmark book-a stunningly simple and low-risk way to significantly beat the market!"Michael Steinhardt, the dean of Wall Street hedge-fund managers

"The best book on the subject in years."Financial Times

"The best thing about this book-from which I intend to steal liberally for the next edition of The Only Investment Guide You'll Ever Need-is that most people won't believe it. . . . That's good, because the more people who know about a good thing, the more expensive that thing ordinarily becomes. . . ."Andrew Tobias, author ofThe Only Investment Guide You'll Ever Need

"This book is the finest simple distillation of modern value investing principles ever written. It should be mandatory reading for all serious investors from the fourth grade on up."Professor Bruce Greenwald, director of the Heilbrunn Center for Graham and Dodd Investing, Columbia Business School

JOEL GREENBLATTis the founder of Gotham Capital, an investment partnership that achieved 40 percent annualized returns for the twenty years after its founding in 1985. He is a professor on the adjunct faculty of Columbia Business School, a managing principal and co-CIO of Gotham Asset Management, the former chairman of the board of a Fortune 500 company, and the author ofYou Can Be a Stock Market GeniusandThe Little Book That Beats the Market. Greenblatt holds a BS and MBA from the Wharton School at the University of Pennsylvania.

Introduction.

Chapter One.

Chapter Two.

Chapter Three.

Chapter Four.

Chapter Five.

Chapter Six.

Chapter Seven.

Chapter Eight.

Chapter Nine.

Appendix.

Ac knowledgments.