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Loading... Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! (edition 2006)by Phil Town
Work InformationRule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Philip Town
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. This is one of the first investment books I read. At the time, I thought it was great, but since I have read a few others I have revised my opinion and now think it is merely good. The strengths of the book lie in the introduction of key concepts of fundamental analysis. Of course, as an intro, it is not very in-depth. I would recommend this book to someone who does not have much investment experience. If you've already read a book or two and done some of your own self-directed investing, you likely will not learn a whole lot from this book. My first investment related book. the way author has explained the concepts is very good (especially considering that am a novice). i really liked the book very much. having said that am not sure how well i can use it in my country because am finding it bit difficult to get info and yahoo/msn are very good for US companies. nonetheless am still hitting the bush, not sure when i will be finding one :). I WOULD SAY GREAT BOOK FOR FIRST TIME INVESTOR :)) no reviews | add a review
Distinctions
Phil Town wasn't always a very wealthy man. In fact, he was living on $4000 a year when some well-timed advice launched him into an 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: don't lose money. Other rules are: don't diversify; think like an owner, not an investor. Town also believes strongly in putting your faith in managers who've proven their financial mettle, and who really have faith in the businesses they're running. The most controversial of the book's assertions is that giant 401(k) type mutual funds will regress to the mean, and in the next twenty years, the mean could be very disappointing. 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.--From publisher description. No library descriptions found. |
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I wish this book was not so time-specific (lots of screenshots of “MSN Money” and old versions of Yahoo), and available in Dutch so I could give it to my parents. Don’t be fooled by the “how to open a brokers account” chapter, this is not just for investing newbies. Contains a very readable implementation of Phil Fisher’s quality investing philosophy meets value investing meets GARP. What I like is that Town translates the high-level, abstract method of Fisher to something quantifiable anyone with highschool level math knowledge can work with. ( )