30.8% Returns on Stocks p.a.!!! Magic formula Investing does it really work?

The magic fomula was introduced by Joel Greenblatt in this Book "the little book that still beats the market". It supposedly beats the Market by a huge margin. Is this a fairy tale or actually true and a strategy worth pursuing.

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[papabear]

Finally, a sensible and smart analysis of magic formula. Your channel subscribed!

[StefanOtusdus-pnfb]

Quite cool to call the work of a legendary investor bullshit in the best case and fraud in the worst case.

Wonder what your view is on Tobias Carlisle's book "The Acquirer's Multiple".