Website: magicformulainvesting.com
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Magic Formula Investing is a website that provides a stock screener based on the investment strategy outlined in the book 'The Little Book That Beats the Market' by Joel Greenblatt. The site offers a simple and free stock screening tool that allows users to input specific criteria and receive a list of recommended stocks. The investment strategy, known as the 'Magic Formula,' is a quantitative approach that seeks to identify potentially undervalued stocks with strong earnings yields. It's important to note that while the website provides a useful tool for stock screening, it does not guarantee investment success, and users should conduct thorough research and consider professional financial advice before making any investment decisions. The site also includes a disclaimer that clearly states it is not an investment adviser, brokerage firm, or investment company. It emphasizes that there is nothing 'magical' about the formula and that its use does not guarantee performance or investment success. The site is owned by an entity controlled in part by Joel Greenblatt, the author of the book that popularized the Magic Formula. The website's disclaimer also mentions that the content is provided for personal information only and should not be relied upon for the purpose of carrying out transactions or trades. It warns against using the information as the basis for stock trades and emphasizes that it does not provide investment advice. The site's terms of use and disclaimer also address the limitations and potential inaccuracies of the content, as well as the exclusion of certain categories of stocks from the database used for screening. It's important for users to carefully review and understand these disclaimers and terms of use before using the site's services. Additionally, the site's privacy policy and the permissions granted for receiving marketing emails from related websites should be considered. Overall, Magic Formula Investing can be a valuable resource for investors interested in a quantitative approach to stock selection, but it's essential to approach its recommendations with a critical mindset and to supplement them with thorough research and, if necessary, professional financial advice."