Stock Screens 

New Magic Formula Picks

New Magic Formula Picks

Investing is often made to seem complicated. It doesn’t have to be. The screen I’m running this week exemplifies how a very uncomplicated but intelligent approach to investing can prove extremely effective. The screen is based on the 'Magic Formula' developed by hedge fund star Joel Greenblatt and it has produced excellent returns in the seven years I’ve run it, with the top 10 stocks boasting a cumulative total return of 254 per cent compared with 68 per cent from the FTSE All-Share over the same period.

 

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