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  • Rule #1

  • The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
  • Written by: Phil Town
  • Narrated by: Phil Town
  • Length: 4 hrs and 23 mins
  • 4.8 out of 5 stars (13 ratings)

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Rule #1

Written 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.

What the critics say

“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

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What listeners say about Rule #1

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  • Overall
    5 out of 5 stars

the best beginner investment book I've ever read

loved it. anyone who is wanting to start investing, and has the background information (down basic financial statement knowledge), this is the PERFECT book to listen to.

step by step, simple, and no no I sense approach.

I've read many books and watched many videos on investing, and this is one of the very best. examples are a bit outdated but the principles don't change.

recommended

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  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars

Livre incontournable pour investir soi-même

Je suis le canal de l'auteur sur YouTube. J'adore ses leçons pour investir soi-même. Alors j'ai acheté son livre.

Je ne sais pas quel est exactement la différence entre son livre et celui avec le même nom de sa compagnie. Mais je vais vérifier ça demain.

Depuis fin 2014, j'ai appris beaucoup par rapport aux finances et aux investissements. Je pense que c'est bien son livre.

Mais j'ai encore beaucoup de choses à apprendre.

Je pense que chaque investisseur à son style. J'aime bien Warren Buffet. Mais le style de l'auteur complète ce qu'il dit et fait.

J'aime bien avoir l'avis de plusieurs personnes et investisseurs.

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  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
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    4 out of 5 stars

rule 1 investing

it was a good listen. I really would of liked to learn more about options. when, how, where.. all the business stuff we can find on rule one website now or other websites. But options are intimidating for a reason. we just don't understand how they operate and timing..math. ect.

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  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
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    5 out of 5 stars

My opinion

I’m a big fan of Phil Town, I’ve enjoyed all his books so far and have found them quite informative. I’ve been investing for about 5 years now, and have done well, but with my technical background I have a preference to structured approaches. Phil lays out a clear and precise path to follow, and I would recommend this book highly to newer and maybe even intermediate investors.

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