http://www.zecco.com/blogs/quasimodos_blog/One-Year-Update.aspxMy first Magic Formula transactions were November of 2006. So now, one year later, let's see how those initial picks have performeden-USZeccoServerhttp://www.zecco.com/blogs/quasimodos_blog/One-Year-Update.aspx#18462Thu, 22 Nov 2007 18:48:19 GMT67055c26-3fef-46fb-bf95-b7f879c3a598:18462AnderdwThat return is a little higher than my Wachovia savings accounts interest.http://www.zecco.com/blogs/quasimodos_blog/One-Year-Update.aspx#18767Thu, 29 Nov 2007 12:27:21 GMT67055c26-3fef-46fb-bf95-b7f879c3a598:18767TomYeah, it's not so hot. With the Magic Formula, periods of underperformance can last for several years. That's why Greenblatt wrote that it wouldn't hurt to give away the secret formula--few people, and definitely not institutional investors, can stomach such underperformance for long.