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Audiobook (abridged)4 hours
Rule #1: The Simple Strategy for Successful Investing-in Only 15 Minutes a Week!
Published by Penguin Random House Audio
Rating: 4.5 out of 5 stars
4.5/5
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Currently unavailable
About this audiobook
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.
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.
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Reviews for Rule #1
Rating: 4.673076923076923 out of 5 stars
4.5/5
52 ratings6 reviews
- Rating: 5 out of 5 stars5/5Excellent book. This is the investment philosophy/method of Warren Buffet. I also attended his 3-day weekend workshop which is an extension of this book. Very solid, and lots of excellent information. I highly recommend it!
- Rating: 5 out of 5 stars5/5Excellent book on investing. I have read more than 40 books and I would say that this is one of the very few books which takes you from beginning to the end in 1 book. It is very easy to follow and all the points outlined make sense and will help you make more money and avoid most losses.
- Rating: 5 out of 5 stars5/5This book opened my eyes to the true sense of investing as compared to speculation. I absorbed all the message as Phil talks in a level that's easily understood by a beginner like me.
- Rating: 5 out of 5 stars5/5Dear Phil, I will meet you someday and thank you in person.
- Rating: 5 out of 5 stars5/5This book is amazing and I have made my first investment just this week with the guidance I learned from Phil. Thank you!
- Rating: 5 out of 5 stars5/5fantastic book for any level of financial understanding. highly recommend to everyone!