
By: greenbackd In his 2006 paper, “The Little Note That Beats the Markets” James Montier backtested the Magic Formula and found that it supported the claim in the “Little Book That Beats The Market” that the Magic Formula does in fact beat the market: The results certainly support the notions put forward in the Little Book. In all the regions, the Little Book strategy substantially outperformed the market, and with lower risk! The range of...
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