1. Joel Greenblatt is the founder of the hedge fund Gotham Capital and an adjunct professor at Columbia University (where Stephen Penman, our book's author, teaches). From 1985 to 2006, Gotham Capital reported annualized returns over 40 percent. In 2005, Mr. Greenblatt published The Little Book that Beats the Market, which presented an investment strategy of "magic formula investing" based on a screen of earnings yield & return on capital. In fact, Mr. Greenblatt has a website dedicated to the book. With a free registration, one can create their own investible set of stocks. Here is my list