This interview is almost two weeks old but I thought the magic formula investing community would be interested in this appearance of Joel Greenblatt on CNBC. I believe it is on the exact date of when The Little Book That STILL Beats The Market was released. The most important comment Joel made in my opinion is around the 1:51 mark in which he states, “the reason it really works (magic formula) is because it doesn’t always work.”  As Joel mentions, people quit on a formula when it doesn’t work and the magic formula certainly falls in the category as I have seen several bloggers and magic formula investors on the net give up.

Related posts:

1. The Little Book That STILL Beats The Market
2. The Little Book That Beats The Market
3. Joel Greenblatt Launches New Fund
4. Joel Greenblatt: Expanding The Magic Formula
5. Joel Greenblatt’s Forbes Interview- Magic Formula Investing