Rule #1
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Rule #1 by Phil Town
#1 NEW YORK TIMES BESTSELER - The clearest and best book out there to get you on the path to riches. This one's special --Jim Cramer, host of CNBC's Mad MoneyGreat tools for anyone wanting to dabble in the stock market.--USA Today Phil Town is a very wealthy man, but he wasn't always. In fact, he was living on a salary of $4,000 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. In this updated edition to the #1 national bestseller, you'll learn more of Phil's fresh, think-outside-the-box rules, including:
- Don't diversify
- Only buy a stock when it's on sale
- Think long term--but act short term to maximize your return
- And most of all, beat the big investors at their own game by using the tools designed for them As Phil demonstrates in these pages, giant mutual funds can't help but regress to the mean--and as we've all learned in recent years, that mean could be very disappointing indeed. Fortunately, Rule #1 takes readers step-by-step through a do-it-yourself process, equipping even the biggest investing-phobes with the tools they need to make quantum leaps toward financial security--regardless of where the market is headed.
He isn't your typical Wall Street guy. An ex-Green Beret and former river guide, Phil Town is a self-made millionaire several times over and America's most widely sought-after speaker on investing. In his new book, RULE #1, he describes the Rule #1 personal financial strategy in detail so that anyone, even first-time investors, can get-and stay-rich.
Phil Town is the classic Everyman, albeit one whose education and resources were more limited than most. An average high school student, he completed college on his fourth try. Of his early working years, he says he mostly got dirty for a living, taking on jobs such as digging ditches and pumping gas. Town spent three and a half years in the Army. He returned from the Vietnam War and found a job in the States as a river guide.
Drifting through California, Utah, and Idaho, he subsisted at poverty level, combining his wages from the guiding season and unemployment. He wore black leathers, sported a goatee, lived in a teepee in the woods near Flagstaff, Arizona, and drove around in a really loud black Harley Davidson.
In the early '80s, Town's life changed radically. He was guiding trustees from the educational program Outward Bound down the nastiest rapid on the Grand Canyon's Colorado River, when his split-second decisions
saved a boatload of people from a whitewater disaster. A grateful and financially astute client returned the favor by guiding Town into serious, successful investing using the first rule of investing as ascribed to by Warren Buffett: Don't lose money. Within five years, Town had built a borrowed $1,000 into $1 million. His fortunes improved radically, and rapidly, from then on.
Phil Town appears regularly on the same dais as Rudy Giuliani, Jimmy Carter, and Colin Powell as part of the Get Motivated touring success seminar. He speaks to more than 500,000 people annually about Rule #1.
Town lives in Jackson Hole, Wyoming.
Phil Town is the classic Everyman, albeit one whose education and resources were more limited than most. An average high school student, he completed college on his fourth try. Of his early working years, he says he mostly got dirty for a living, taking on jobs such as digging ditches and pumping gas. Town spent three and a half years in the Army. He returned from the Vietnam War and found a job in the States as a river guide.
Drifting through California, Utah, and Idaho, he subsisted at poverty level, combining his wages from the guiding season and unemployment. He wore black leathers, sported a goatee, lived in a teepee in the woods near Flagstaff, Arizona, and drove around in a really loud black Harley Davidson.
In the early '80s, Town's life changed radically. He was guiding trustees from the educational program Outward Bound down the nastiest rapid on the Grand Canyon's Colorado River, when his split-second decisions
saved a boatload of people from a whitewater disaster. A grateful and financially astute client returned the favor by guiding Town into serious, successful investing using the first rule of investing as ascribed to by Warren Buffett: Don't lose money. Within five years, Town had built a borrowed $1,000 into $1 million. His fortunes improved radically, and rapidly, from then on.
Phil Town appears regularly on the same dais as Rudy Giuliani, Jimmy Carter, and Colin Powell as part of the Get Motivated touring success seminar. He speaks to more than 500,000 people annually about Rule #1.
Town lives in Jackson Hole, Wyoming.
From the Hardcover edition.
| SKU | Unavailable |
| ISBN 13 | 9780307336132 |
| ISBN 10 | 0307336131 |
| Title | Rule #1 |
| Author | Phil Town |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Random House USA Inc |
| Year published | 2006-03-21 |
| Number of pages | 308 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |