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  • Rule #1

  • The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
  • By: Phil Town
  • Narrated by: Phil Town
  • Length: 4 hrs and 23 mins
  • 4.7 out of 5 stars (43 ratings)

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Rule #1

By: Phil Town
Narrated by: Phil Town
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Publisher's Summary

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.

©2006 Phil Town (P)2006 Random House, Inc. Random House Audio, a division of Random House, Inc.

Critic Reviews

“Town's investment guide is manna from heaven… engaging and accessible… 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… will leave readers feeling empowered and ready to manage their money themselves.” Publishers Weekly (starred review)

“Extraordinarily readable…provides investors with surefire tools to outperform costly advisors. Follow Town’s simple, time-tested precepts, and even unsophisticated investors will leave most mutual fund managers in the dust.” —Arthur Levitt, author of Take on the Street and former Chairman of the Securities and Exchange Commission

“A really smart, homework-driven read that tells you precisely how to do it. Rule #1 may be the clearest and best book out there to get you on the path to riches. This one’s special!” —James J. Cramer, host of CNBC’s Mad Money and Markets Commentator, thestreet.com

What listeners say about Rule #1

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Excellent

Very calm, sound investing advice. Top notch person to listen to and be calm about your journey. Risk aware, not a huge risk huge returns policy.

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Must have book for a beginner

Great book for a beginner. Gives you enough knowledge, skills and tools to analyse a company.

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Clear and easy to follow

This abridged version is a quick and easy listen whereby Phil provides the key steps to his rule, accompanied by examples. While the physical book may be helpful in order to see the calculations he is speaking about, the audio description is enough to get one started! Head to the Rule one investor website for more detail in the calculations if you need it 😁

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