O'Reilly logo

The Little Book: That Still Beats the Market by Joel Greenblatt

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 3. Chapter Three

OKAY. WHAT ELSE CAN YOU DO with your money? Let's face it: Putting money in the bank or lending it to the government is really boring. Hey, I know! Why don't we just go to the track and bet it all on a horse! Nah, I actually tried that— didn't work out too well. I even tried the dog races. That's where a bunch of greyhound dogs run around in a circle chasing a little mechanical rabbit. It's fun to watch, and you get to hang out with some really great people. Some of them even have teeth!

You know what, though—on second thought, maybe that's not such a good idea, either. I kind of figured it wasn't for me after my dog actually caught the rabbit. My little guy got trampled by the other dogs on the first turn, got up, and started running the wrong way. Unfortunately, the mechanical rabbit zips around the track at about 60 miles an hour, and when my dog, the one I had placed my faith in and my money on, took a flying leap at the rabbit speeding toward him...let's just say it wasn't pretty (all right, since you're probably concerned—the dog slammed into the 60-mile-per-hour rabbit at full speed, flew 30 feet in the air, and was tragically disqualified, which meant, alas, I had lost all of my money).[2]

In any case, now that we've explored most of the logical alternatives for your money (though I'm sure they race worms and various crustaceans some place I haven't found yet), let's look at one more. How about investing in a business? After all, Jason's going to grow ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required