Rule #1 finally makes sense of it all | Rule #1: The Simple Strategy for Successful Investing in Only 15...

Great Investment Advice and an Easy Read | Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! | Phil Town

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	• Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! Phil Town Three Rivers Press, 2007 - 336 pages average customer review:based on 152 reviews view larger image
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highly recommended

Everybody even a fund manger should read it once

I just finished reading this book.
Everybody who does not have time to read and understand Warren Buffet's methodly for investing should read this once.
I would call this as 101 in investing.
I have several years of experience in trading.
When I started reading this I marked the interesting lines/para.
Finally I found out I had marked almost the whole book.
He could have been a very good teacher.
I am thinking of buying several books to give as gift to some of my friends and relatives.

One little criticism in general:
Either this book or random walk on wall street finally conclude saying trade. That is what most of us are doing. The biggest differnce is that; This book says that pick a fundamentaly great stock then trade it until .... you find out.

How to pick a great stock? Buy and read it you will be happy you did it.

Very good value per dollar.

Thanks Phil Town.
Rasappa Palaniappan.

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Rule #1 finally makes sense of it all

For the first time, i feel like i have the tools to start looking at stocks, individually. I am already well invested in work retirement plans with mutual funds, and am, of course, unhappy wiht the results of the past 8 years. But, with these tools, my son and I are venturing into investing on our own as well. THanks Phil for demystifying the process.

Great Investment Advice and an Easy Read

This is by far one of the best books on personal finance I have read. It's written in a way that everyone can understand. At one point in the book, Phil makes a suggestion that people give this investment advice to their children at 15 years old and let them start to use the Rule #1 investment strategy; I completely agree. I think the principles are easy to understand and provide sound advice. This book teaches two fundamentals that are commonly lost on people when investing in the stock market: (1) Know the value of what you're buying, (2) If you become "financially literate", you will no longer need people to invest for you.

I loved the book and I'm telling everyone about it!

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Phil Town is now a very wealthy man, but he wasn't always. In fact, he was living on a salary of $4000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true "rules" are and how to make them work in one's favor. Chief among them, of course, is "rule #1": "don't lose money." Other rules are: don't diversify...think like an owner, not an investor ... never, ever be seduced into thinking the market is efficient. Town also believes strongly in "betting on the jockey," putting your faith in managers who've proven their financial mettle. Not only does Town reveal fresh methods for identifying who the truly reliable managers are, but he shows you how to test whether they really have faith in the businesses they're running.

By far, the most controversial of the audiobook's assertions will be that giant 401(k) type mutual funds can't help but regress to the mean, and in the next twenty years, the mean could be very disappointing indeed. There's a very real chance that a 401(k) investor could see his holdings not grow at all in the next few decades. Fortunately, Town's stockpicking techniques are meant to walk investing phobes through the do-it-yourself process, equipping them with the tools they need to make quantum leaps toward financial security.

Rule #1 says something new, and it says it in a way that every listener can understand.

From the Compact Disc edition.

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