Summary of Joel Greenblatt's You Can Be a Stock Market Genius

Excerpt From Summary of Joel Greenblatt's You Can Be a Stock Market Genius



#1



The efficient-market theory states that it is not possible to consistently outperform the market averages. This is due to the fact that the markets are efficient, and thus it is impossible to find undervalued stocks.



#2



Some of the professors’ findings contradict the popular notion that Wall Street stockbrokers are earning their clients a substantial amount of money. In reality, the academics claim that the average investor would probably lose money by following the advice of a typical Wall Street stockbroker.