The Little Book That Beats the Market

I have been catching up on my summer reading and one of the book I finished reading in two hours last night was The Little Book That Beats the Market by Joel Greenbalt. It is a easy to read fun book which details a simple value investing trading system in a very simple to understand language. Joel Greenbalt is a hedge fund manager with an impressive 40% anualised return since 1985.
There are many books on value investing and I have read almost everyone of them but this slim book is by far the best value investing book your money can buy. It lays out the case for value investing in simple easy to understand language.
The book boils down the value investing methodology to finding stocks with high return on capital and earning yields. The methodology suggest buying the top 30 stocks ranked by the two parameters and holding for more than a year to take advantage of tax laws. The most important thing for a simple approach like this to work is to have conviction in the logic behind it. If you are savvy enough you can improve on the stock selection and improve your returns.
You can find the stock meeting his criteria at his free web site.