| Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! |  | Author: Phil Town
Publisher: Crown Business
Category: Book
List Price: $15.00
Buy New: $7.97
as of 2/8/2012 22:48 PST details
You Save: $7.03 (47%)
New (43) Used (95) Collectible (1) from $2.70
Seller: BRILANTI BOOKS
Sales Rank: 26,526
Languages: English (Unknown), English (Original Language), English (Published)
Media: Paperback
Pages: 336
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 6.1 x 0.9 x 9.2
ISBN: 0307336840
EAN: 9780307336842
ASIN: 0307336840
Publication Date: August 28, 2007
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780307336842 | | • | Condition: New | | • | Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold! |
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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.
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