Mechanical Investing: This site discusses various approaches to mechanical investing. Much of the information will not be of any interest to value investors. However, the section on the best and worst web based screeners will be of great interest to every kind of investor.
Magic Formula Investing: This site allows you to run a screen using Joel Greenblatt’s magic formula. The screen is a helpful tool that is ridiculously easy to use.
The website was conceived after Joel finished writing the book. After searching through the free and low cost stock screening services available, it became clear that the steps necessary to closely emulate the magic formula study on these other sites might discourage many average investors. Since the book was written with the average individual investor in mind, the magic formula site was created to make the process easy and accessible to as many investors as possible.