Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Phil Town Summary and Reviews
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Book Reviews of Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
Book Review: Everybody even a fund manger should read it once
Summary: 5 Stars
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.
Book Review: Excellent and sound investment advice, but be aware...
Summary: 5 Stars
Phil Town has put together a clear, friendly and concise book here that lays out a very sound approach to buying and selling stocks. Boiled down into one sentence, his philosophy is to buy great companies at really low prices and then sell them when the market wakes up and realizes what they're really worth.
That's a great idea, and furthermore, Town explains quite clearly how you can go about doing it. As someone who's been in the investment business for 15 years, I still found this to be a helpful structure for thinking about investments. Beyond that, I'm going to do what Phil Town will tell you I won't and say that you can do this on your own.
Before you start, though, be warned. I don't think you can do this in 15 minutes a week. At least not at the start. While finding great companies that are wildly undervalued by the market is totally feasible, it is - no surprise here - not very easy to do. It may take some serious digging to find any companies that fir the Rule #1 criteria. You may look at a whole bunch of companies and only find candidates to put on your watch list and wait for their prices to come down. I wouldn't let that discourage you, but it could take some real work and some serious patience.
In the end, this investment program can be effective, but like any effective fitness program, it's going to take some real work. The outcome will certainly make the work worthwhile. Highly recommended.
Book Review: Excellent book for self-directed investing
Summary: 5 Stars
I first purchased this book after hearing Phil Town speak. This book is an excellent tool for the investor new to making the investing decisions without the direction of an advisor. After reading this book, you will want to pull your funds from the advisor accounts and manage them yourself.
This book makes a complicated subject make sense. I have referred back to it several times, even after reading more complex books on investing. I have purchased three more copies as gifts, and I continue to recommend Phil Town's books. Excellent resource!
Book Review: Excellent model for new investors to follow
Summary: 5 Stars
Well written and easy to read. Phil does not over-complicate investing in the stock market. He shows you how to evaluate a company based on the fundamentals, independent of the analysts and bloggers. You'll come away with a good model/system to follow, and a solid understanding of how to value a company based on historical performance. Take the guesswork and wishful thinking out of your stock purchase decisions and use the model Phil teaches. You'll have much more confidence in how you're investing your hard-earned money.Book Review: Fantastic Book!
Summary: 5 Stars
This book is the best book I have ever read on investing in the stock market. The practical advice and rules apply to investing in anything. Although the advice is primarily for investing in stocks, the advice is applicable , even if you are investing in the real estate market! It has given me the knowledge, confidence and the rules to apply so that I can be assured not to lose money if I follow his investment system. I am buying additional books for each of my kids to have (since I'm not giving up my copy) to start them on the road to security. An easy read with real life examples, you'll find yourself marking pages and referring to it over and over again.