Rule #1 The Simple Strategy for Successful Investing in Only 15 Minutes a Week!

ISBN-10: 0307336840
ISBN-13: 9780307336842
Edition: N/A
Authors: Phil Town
List price: $16.00 Buy it from $3.94
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Description: 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  More...

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Book details

List price: $16.00
Publisher: Crown Publishing Group
Publication date: 8/28/2007
Binding: Paperback
Pages: 336
Size: 6.50" wide x 9.50" long x 1.00" tall
Weight: 1.210
Language: English

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 #1says something new, and it says it in a way that every listener can understand. From the Compact Disc edition.

Following several years with the Special Forces during the Vietnam war, Phil Town returned to the United States and supported himself by working seven months a year as a river guide in the Grand Canyon. His annual income was in the low four figures. After some split-second heroics on his part saved a boatload of Outward Bound trustees from a whitewater disaster, a grateful financial expert who had been onboard took Town under his wing and taught him the first principles of Rule #1 investing. Town managed to put together a $1000 stake, and within five years had turned it into $1 million. Today Town speaks to more than 500,000 people a year on the topic of risk-free wealth creation and is regularly a featured expert on MSNBC and CNBC. His first book, Rule #1, was a New York Times #1 bestseller.

Introduction: Make Money No Matter What
The Myths of Investing
Rule #1 and the Four Ms
Buy a Business, Not a Stock
Identify a Moat
The Big Five Numbers
Calculate the Big Five
Bet on the Jockey
Demand a Margin of Safety
Calculate the Sticker Price
Know the Right Time to Sell
Grab the Stick
The Three Tools
Take Baby Steps
Eliminate the Barriers
Prepare for Your First Rule #1 Purchase
Q&A
Using The Rule to Maximize Your 401k
Glossary
Acknowledgments
Index

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