Summary of Rule #1™
Copyright © 2006 by Phil Town
Published by arrangement with Crown Business, a division of Random House, Inc.
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Confess. You read the business section of the newspaper; you receive the latest bulletins from Wall Street and you even nod earnestly when your favorite stockbroker reviews your accounts. But face it, in part, you think Wall Street is just one big casino and you'd rather park your hard-earned cash in a low-risk, low-return T-bill. That's your reality check. Fortunately, author Phil Town provides useful, profit-proven solutions for stock market investors, starting with the first rule from Benjamin Graham and Warren Buffett: don't take a loss. With helpful charts, common sense explanations and savvy financial insights, he offers a map for finding retirement treasure. Occasionally, his book gets lost in repetitive details and number-crunching exercises, but the investment advice may help you strategize ways to attain your retirement dreams. getAbstract recommends this book to puzzled investors and future retirees.
In this summary, you will learn
- How to avoid bad stocks and retire comfortably;
- How to create an investment portfolio that matches your tastes;
- How to isolate, calculate and compare key stock performance numbers; and
- Why you must invest with discipline.
About the Author
Phil Town is a motivational speaker who gives seminars nationally. He was a member of the U.S. special forces in Vietnam, a ditch digger, a dish washer and a river guide until someone he had guided past a dangerous waterfall taught him how to invest, and he became a millionaire.