Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!

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.

publishers Weekly

for Amateur Investors Who Admire The Incredible Returns Produced By Benjamin Graham-warren Buffett-style Value Investing But Can't Figure Out How To Replicate These Billionaires' Methods At Home, Town's Investment Guide Is Manna From Heaven. A Former River-rafting Guide, Town Learned How To Calculate Such Crucial Numbers As Return On Investment Capital And Equity Growth Rate From Wolf, A Wealthy Rafter Whom Town Saved From A Rapid In 1980. Under Wolf's Tutelage, Town Learned How To Turn $1,000 Into $1 Million In Five Years, But The Selection Of Lucrative Stocks Took Weeks Of Library Research. In This Engaging And Accessible Book, Town Shows Readers How To Replicate That Sort Of Exhaustive Market Research On The Internet-and Shorten The Research Time To Just A Few Hours Per Stock. Fans Of The Intelligent Investor Will Recognize That Town's Rule #1 Formula-1) Find A Wonderful Business, 2) Know What It's Worth As A Business, 3) Buy It At 50 Percent Off, 4) Repeat Until Very Rich-is A Variation Of Benjamin Graham's Investment Philosophy. (graham And Buffett Are Cited Heavily Throughout The Book.) But Town's Ability To Break Down That Philosophy Into A Detailed, Step-by-step Program That Can Be Understood By Any Reader With Basic Math Skills Is Unique. His Chummy, Reassuring Tone (if You're Finding Yourself Already A Bit Overwhelmed, Take A Deep Breath) Will Leave Readers Feeling Empowered And Ready To Manage Their Money Themselves. (mar. 21) Copyright 2006 Reed Business Information.