15 Magic Formula Investment Ideas In Europe by Tim du Toit, Quant Investing I am sure you have heard of the Magic Formula, if not here is a quick summary. The Magic Formula was defined in the excellent book by Joel Greenblatt called “The little book that still beats the market”. It identifies good quality companies that are trading at an attractive price. And does this by looking for companies with a high earnings yield (companies are undervalued) and a high return on invested capital (ROIC) (quality companies). European Magic Formula companies As most of the writing on the internet…
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