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Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
by
Phil Town
Before I became “Phil Town, teacher of investing principles to more than 500,000 people a year,” I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time...more
Hardcover, 320 pages
Published
March 21st 2006
by Crown
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Blake Gafford
rated it
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review of another edition
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review of another edition
Recommends it for:
Investors, Future Retirees, Landers
Shelves:
alltimefaves
I own both the hardback and peperback of this one. The paperback is the best of the two to buy because it has an extra chapter in the back of it full of great advice on 401k's.
Warren Buffett had two rules, Rule #1 is not to lose money, and Rule #2 is to remember Fight Club. Buffett was a student of Ben Graham's where he learned how to value a business on a purely quantitative level. Buffett later became also quite influenced by Phil Fisher, who was the grandfather of qualitative ana...more
Warren Buffett had two rules, Rule #1 is not to lose money, and Rule #2 is to remember Fight Club. Buffett was a student of Ben Graham's where he learned how to value a business on a purely quantitative level. Buffett later became also quite influenced by Phil Fisher, who was the grandfather of qualitative ana...more
The most influential book on investment strategies that I have ever read. Combines the time tested and proven strategy of value investing that have made Benjamin Graham and Warren Buffett millions--make that billions. It has a very easy to understand system to follow in order to find solid investments and makes a nice compliment to other way people utilize to find their next investment. It doesnt hurt that he is a good writer that keeps your attention--oh and did I mention he started investing l...more
Well its done! I liked the overall investment idea. However either because of poor writing skills or lack of examples the "meat of this book" is subpar. The examples used also were outdated making it difficult to follow. Case in point: there are many "rule #1 followers" however several have DIFFERENT ways of coming up with the main point of this book which is using the Data to find a good entry point (Margin of safety) price to pay for a already great strong company... Some p...more
This is a great book to read if you're even remotely interested in investing in the stock market but don't know squat about it. Town bases his method on Warren Buffet's proven techniques of investing. It's a thoroughly readable book on what can be a very complex and confusing subject. It provides practical techniques to identify stocks you'd like to invest in; then, research, analyze and take the plunge and actually belly up to the bar and buy. There is also, of course, tactics on how to mon...more
I started investing on my own shortly after reading this book. It was the one book written in plain enough English, that I felt comfortable taking action and moving forward. Starting with my first investment in December of 2006 (Lowes), I have experienced how major, the ups and downs of the market can be. 2008, taught me more that I ever wanted to learn in such a short period of time, but what a lesson, and what an opportunity. By reading Rule 1, I knew which companies to keep and which to sell ...more
I read Ben Graham's (the father of value investing and the Columbia professor who taught Warren Buffet) two books on value investing when I was in my early 20's. They are dry and complex, but I learned a great deal from them. Forget those two books....Phil Town captures the essence of Ben Graham's investing philosophy and value formulas in MUCH simpler terms. Value investing is no get rich scheme....it is the hard work of investing. But Phil Town, like Ben Graham, tell you how to do it right...more
Any fundamentalist must read this book. In this book Town details very clearly his school's proven method of picking winning stocks. I have read many books on investing, but this is entertaining and useful. The most important thing I took from this book is that you need the companies you buy to have meaning for you; stock ownership is not just ownership of little pieces of paper but it represents your ownership of the entire company. So why would you buy ownership in a company you don't unde...more
I really like this book because it gave straight forward, discrete advise on how to pick stocks. It evens gives a formula that calculates how much one should pay for a stock. How cool is that! It totally appealed to my engineering/number crunching side.
He does follow a Buffet like methodology, so don't think this is another get rich quick type of book, the title can make it come off that way.
He does follow a Buffet like methodology, so don't think this is another get rich quick type of book, the title can make it come off that way.
This was one of the first books I read on stock market investing. I liked how he provided an implementable method to evaluate companies and stocks. However, it would be more useful with more real life examples, especially in today's turbulent economy.
I'm reading this book in my language, bahasa Indonesia, to be honest Phil Town a successful investor who wrote the book learn how to invest from Benjamin Graham and W Buffet. The Rule #1 teach you the basic how to invest as W Buffet doing.
The basic concept is good. Rule #1: Don't lose money. That is a VERY important guideline in investing. But outside of that, it broadened my understanding of investing marginally, but did not enlighten me much beyond that.
The strategy was interesting and I was surprised to see such long periods of time when the market didn't make ANY gains. That would be frustrating to have your money in mutual funds for 15 years and break even.
I am a little skeptical about his strategy only taking 15 minutes a week. I tried to start looking for companies that fell into his guidelines and had a hard time finding ANY in my areas of interest (web design/software). Granted I kinda gave up, I have a bit of a bitter tas...more
I am a little skeptical about his strategy only taking 15 minutes a week. I tried to start looking for companies that fell into his guidelines and had a hard time finding ANY in my areas of interest (web design/software). Granted I kinda gave up, I have a bit of a bitter tas...more
Oversimplified fundamentals investing how-to. Many examples of Warren Buffet. Return on investment capital, equity growth, etc. Rule number one is “don’t lose money.”
Very simple, step by step. Based on Warren Buffett. If I was going to invest in the stock market I would try this method, but now I am afraid to.
Yasser Hassan
marked it as to-read
Great book so far! I had to stop near the end of chapter 5 only because the book teachings do not match my current trading style but even though I benefited a lot. I intent to complete it later when I incorporate its trading style into my strategy. From what I read so far, a must for serious traders!
clear, well-written approach to a Warren Buffett style of investing for buying and selling undervalued company stocks
The stock market isn't supposed to be a gamble. Buy the stocks of reliable companies when they are under valued.
EXCELLENT primer on individual stock investing. Read and re-read.
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 invest...more
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 invest...more
I think Phil Town has a great strategy! Even a financial dummy like me could read his book and understand (most) of it! Problem is, it will take some dedicated time to experiment with his principles and invest paper money before I actually take the plunge and invest my hard-earned cash. It's something I definitely want to try when I can research adequately the companies that interest me. I recommend the book. He doesn't talk down to you, and really helps you believe that ordinary folks can inves...more
good read for value investing
It was interesting. I'll take it with a grain of salt though because I'm skeptical. Good starting point for someone.
It would take way more time than 15 minutes a week. Not interested.
Excellent inspiration to hoping that you can understand the stock market and do some successful investing, but it will take quite a bit of work off the start to get to the promised 15 minutes/week mark. If you can find the time, it could be possible. Of course, he also cites a lot of free websites that have changed or ceased to exist since the book was published. An option is paying for a subscription to his on-line market tracker tool that promises clear signals for buying and selling.
read this book and it made sense as i was reading, but it's not as easy to apply as the book makes it seem. still need to do research and have a solid understanding of things. that's not a bad thing, but it's not the 'investing is simple' message that's portrayed.
still doing my best to understand and apply the concepts of the book because they make sense to me.
still doing my best to understand and apply the concepts of the book because they make sense to me.
Very good stock investment book. Pretty technical. I believe it will take months of practice before you can get it down to 15 minutes a week. It does take time. My weakness is my emotional affinity to investments and the distraction that it provides in my life. This book helps take my emotional knee-jerk tendencies out of investing. I like it.
The author dissects the Warren Buffet method for investing, and applies some modern tools and techniques to make it apply on a broader and more modern market.
The book is heavy on concept and theory and light on calculations and math, but overall is very good (Well we'll see how good once I calculate my returns :)
The book is heavy on concept and theory and light on calculations and math, but overall is very good (Well we'll see how good once I calculate my returns :)
I'm a bad socialist.
He has some decent ideas, but I think he oversimplifies it. He's basically saying that you can beat the market by knowing which companies are the great, which is not going to happen. But, again, he's not completely off-base.
He has some decent ideas, but I think he oversimplifies it. He's basically saying that you can beat the market by knowing which companies are the great, which is not going to happen. But, again, he's not completely off-base.
This is a good next level of book to read for beginning investors after the collection of books from Suzie Orman. It's still a difficult book to follow (every point) but it's written in a relatable, story-telling format for some readers to enjoy.
This book might seem like a gimmick, but it honestly works. Perfect for anyone who wants to get into the stock market but has not experience or education. Learn how to beat the big guys and the market.
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