According to @QCompounding, Joel Greenblatt averaged 40% annual returns for over 20 years and attributes the performance to his rules-based Magic Formula detailed in The Little Book That Still Beats the Market (source: @QCompounding on X, Oct 4, 2025; source: Joel Greenblatt, The Little Book That Still Beats the Market). The strategy ranks equities by high earnings yield (EBIT/Enterprise Value) and high return on capital (EBIT divided by net working capital plus net fixed assets), buys roughly 20–30 top-ranked stocks with annual rebalancing while avoiding most financials/utilities and very small caps, and is designed for stock selection rather than crypto assets, implying no direct BTC or ETH impact from this post (source: Joel Greenblatt, The Little Book That Still Beats the Market; source: @QCompounding on X, Oct 4, 2025).