Phil Town's book "RULE #1"

Discussion in 'Educational Resources' started by andrasnm, Jul 13, 2007.

  1. "With bulletproof arguments and statistics to back up his advice, Phil Town says you can make money choosing individual stocks that you research, understand, and love instead of letting a money manager squander your money in an under-performing fund. Though his narration is flat, there is excitement in the author's personal story and in this well-crafted lesson. With motivating clarity Town explains how to analyze every conceivable aspect of a publicly traded company--product viability, brand strength, competitive advantages and weaknesses, management, financial soundness, etc. Though his approach is decidedly fundamentalist, Town says it also will help traders--if they do their homework. An energizing lesson to wake up your inner stock-picking genius. T.W. © AudioFile 2006, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio CD edition. "

    This is a real jem. PLain talk and simple. If you never been involved in the stockmarket, you can still read it and get something out of it.
    All my life I have been a technician in terms of the markets. I have a computer and trading background. It was natural for me to be a technical guy and totally ignore accounting or fiscal analisys of the stocks. When I was a stock broker I have read valueline and made some recommendations based on that. Unfortunately my broker years were cut short of the 1987 crash. I was just a rookie broker in October '87 and my business, as many other broker's businesses just disappeared.
    Now, I am realizing the value and truth in value investing, not necessarily the way I originally learned but the way Phil Town had presented it. It is worth a read.
  2. Yeah, I am short term trader but am also a long term investor. And funny thing is I just started reading this book in the last day. So far it is really good with plain and simple talk. Alot of stuff I already know but it has been a great refresher for me.
    I really like it !!
    Two thumbs up
  3. Are you talking about the girl rock band cartoon from the 80's?

    What the hell does this have to do with them?

    Truly Outrageous!