Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! | 
|  | | | Title: | Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! | | Author: | Phil Town | | Publisher: | Three Rivers Press | | Type: | Book / Paperback | | Publication Date: | 28 August, 2007 | | ISBN / ISBN-13: | 0307336840 / 9780307336842 | | List Price: | $14.95 | | You Save: | $4.78 | | Amazon Price: | $10.17 | |
 This book is also available, brand-new, from 3rd-party marketplace sellers at Amazon.com, from $8.73. |
The HTML code below can be pasted onto your web-site, your MySpace page, or blog - or any number of similar places - to create a link to this page: If, instead of a text link, you'd like to create a link to this page which will display the book cover, if it's available, then the code below will do exactly that:
Check for the same book at these other US book sites:
• [ Abebooks ] • [ Alibris ] • [ Barnes & Noble ] • [ Half.com ] • [ Powells ] … or check UK bookstores
| Editorial Review / Publisher's Information:
Product 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 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.
| Other Items You May Enjoy:
Browse Books From These Related Subjects:
Customer Reviews:
• Everybody Even A Fund Manger Should Read It Once 31 August, 2008
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.
- Reviewed by customer ID: A189CRVVR4IBUE
• Great Investment Advice And An Easy Read 18 August, 2008
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!
- Reviewed by customer ID: A2TY9Y8BK5P30W
• Rule #1 Finally Makes Sense Of It All 22 August, 2008
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.
- Reviewed by customer ID: A3OWHYD82ZW1GU
• Very Repetitive. 16 July, 2008
Phil seems like a nice guy and I'm glad he is sharing his investment knowledge because it appears by all accounts rock solid. But this book could have easily been cut in half in terms of number of pages to reduce the number of times he repeats himself. It seems like he mentions the calculators on his website every other page. It's almost as if the book was written so that if you picked it up in the bookstore and opened it to any random section there would be a mention of his website or the term "Rule #1". In addition, he dangles the carrot in front of you forever before getting to the goods. Folks this gets VERY tiring when you just want to get to at least a morsel of pertinent information. This book would get only one star from me had the strategy laid out not been so enlightening. I am not an author and I have never written a negative book review before...
- Reviewed by customer ID: A1EF8A7XST3E9Z
• Save Your Money 28 September, 2008
I don't recommend this book at all. I have read many books on investing recently, and they all agreed on one point - don't invest in a company just because you like the product. Town's advice is the opposite - make a list of things you like, and choose companies that are involved in those things. He also is against Dollar-Cost-Averaging, which every other book I have read tells you of the value of that.
He tells you that he took $1000 and turned that into $1,000,000 in only 5 years. But he doesn't explain how. That raises a red flag for me. He also promises you that you will do better than the best fund managers out there, and promises that you will beat the market. Statistically, only a very small amount of professionals beat the market. It is a absurd to presume that you would be able to out perform all the people who do this for a living (and most of the other books I've read specifically warn against such promises).
He offers calculators on his website to figure out the value of a company. Personally I found them difficult to use (poor design).
There seems to be a lot of overlap between this book and Pat Dorsey's The Five Rules for Successful Stock Investing. I would recommend that you read that book instead. Dorsey explains the concepts so much better than Town does, and you can easily import the calculations into excel for ease of use later.
All in all, there's some good advice in the book, but he's put in a lot of lofty assumptions and exaggerations to advertise his book. Even the title is misleading. The title comes from one page in the book where he tells you that once you've done your initial research (hours and hours), then you might be able to get by on spending a quick 15 minutes a week keeping up on your stocks. But the title comes off as in the book is going to teach you how to invest by spending only 15 minutes a week.
- Reviewed by customer ID: A3KFJYSZA2HH2X
|
