Nice book, got it last year, had been my water closet office's read for last week. The good: Books like these usually are only useful for ideas and not a step by step guide to success; Heck, if everyone able to do this, we should all driving 911's and smoking montecristo petit's. Anyway, this book give a good eagle-eye overview of how this "rule #1" works (aka the Warren Buffett's way) The author try to used his experiences to illustrated how he was able became successful. And as such, it was written in simple terms that everyone could understand. The bad: Maybe a bit of too much of shotgun effect for less focus investor (me) since it give out too much possibility to ponder upon. The Ugly (?) I need to ask for a raise and/or take up gold panning as a second job. The verdict? I would have to say if you want "Get rich" guide, this is not that book. But if you are interesting learning a bit about "rule #1" school of investing (by no means the only way...), this is a quick and somewhat clean read for you.Read full review
I decided to buy the book because it was the best price I found. After reading the book I am convinced this is an excellent value for the money! The book is very informative and if one is driven by success then the sky is the limit for you after reading this book. I will start paper trading soon and then I will be ready to make some real money shortly thereafter. This is an excellent read for anyone looking to break into buying and selling stocks because Mr. Town details the most important factors for determinig why you should buy stocks (a business), what specific numbers you need to strive for and most importantly he shows you the free tools to use in order to know when to buy (so you can make money) and when to sell (so you don't loose money). If you study this material like you studied in school or like you study the dearest thing to your heart you are sure to make a profit along the way. The key is to take your time with it, if you're in a hurry to get rich don't do this. This will take time but not an enourmous amount of time and the more you practice it the better you become, as with anything. Phil Town is a well informed man and was blessed by the knowledge he shares (read the book, you'll see what I mean). I feel very fortunate to have found the book and I already started practicing Rule #1 when I bought the book at half price! If you're interested in learning an excellent way to buy and sell stocks (businesses) and you're not in a big hurry to get there then I encourage anyone to buy and read this book!!!Read full review
I first borrowed a copy from the local library and decided to get one for my investment library. The author systematically lays out the approach of investing in the stock market. Although I have not finished reading the whole book, but it has already lead me to realize some mistakes I made in my past investment history. I am confident with the knowledge I gain from this book, I will be more profitable in the future.
Verified purchase: Yes | Condition: Pre-owned
Its a good cookbook on investing but ultimately its not as easy as it sounds The final chapters talk about using charts and buying stocks when they are going up and selling them when they are going down. This is not rocket science. Its too bad every one is looking at the same charts and following the crowd. I think a book about buy low and sell high would do just as good FEB 22, 2009. Here is an update. The book talks about cutting losses Rule number one is DONT LOSE MONEY. Guess what? I made 20% in 2007 and beginning 2008 I started having difficulty making money on the upside. I got out of the market beginning 2008. Yes I avoided the market meltdown completely. The book really works but you have to really study it and apply it. The guy knows what hes talking about. In 2006 I was a skeptic. Im a believer NowRead full review
This is very well written and easy to understand if you have no experience in investing. I'm going to try it and expect it will change my life.
Verified purchase: Yes | Condition: Pre-owned
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