Over the past month, we\u2019ve taken the celebrated American investor Joel\u00a0Greenblatt\u2019s \u2018Magic Formula\u2019 on something of a mini-world tour. The formula, which Greenblatt first outlined in his bestseller The Little Book That Beats the Market, can be boiled down to the hunt for profitable, high-return companies at a good \u2013 ideally great \u2013 price.<\/p>\n
First, we applied the method to this feature\u2019s regular hunting ground: the MSCI All-World Index<\/a>. The result was an interesting array of unloved, if time-tested, blue-chips. But by ranking the globe\u2019s large caps in one go, we left a lot on the cutting room floor and assumed a common standard for valuations.<\/p>\n So to filter things further, we headed to Hong Kong<\/a>, to find both fairly and cheaply priced stocks in China\u2019s gateway, before zipping back to the Alps and the often-overlooked wonders of the Swiss stock market<\/a>. This week\u2019s final leg again finds us far from the global stockpicker\u2019s tourist trail, off-roading in the Russell 2000 index of US small caps.<\/p>\n","protected":false},"excerpt":{"rendered":"Over the past month, we\u2019ve taken the celebrated American investor Joel\u00a0Greenblatt\u2019s \u2018Magic Formula\u2019 on something of a mini-world…\n","protected":false},"author":2,"featured_media":519734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[2848,169162,13623,169163,53717,49,978,659],"class_list":{"0":"post-519733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-global","9":"tag-global-ideas","10":"tag-standard-article","11":"tag-stock-screens","12":"tag-stocks-shares","13":"tag-united-states","14":"tag-us","15":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115418117289174490","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/519733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=519733"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/519733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/519734"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=519733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=519733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=519733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}