Rule #1

  • by Phil Town
  • Narrated by Marc Cashman
  • 11 hrs and 33 mins
  • Unabridged Audiobook

Publisher's Summary

Before I became "Phil Town, teacher of investing principles to more than 500,000 people a year", I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time job. Me, I was more interested in having full-time fun. In this book I'll show you how I turned $1,000 into $1 million in only five years, and then proceeded to make many millions more. I came to investing as a person who wasn't great at math, possessed zero extra cash, and wanted a life, not an extra three hours of work to do every day.
Fortunately, I was introduced to The Rule. Rule #1, as famed investor Warren Buffett will tell you, is don't lose money. Through an intriguing process that I'll clarify in this book, not losing money results in making more money than you ever imagined. What it comes down to is buying shares of companies only when the numbers, and the intangibles, are on your side. If that sounds too good to be true, it's because the mind-set I'll be introducing you to leads not to bets but to certainties. Believe me, if there were anything genius-level about this, I'd still be a river guide collecting unemployment much of the year.
What I won't waste your time with is fluff: a lot of vague parables reminding you of what you already know and leaving you exactly where you started. This is the real deal, folks: a start-to-finish, one-baby-step-at-a-time approach that will allow you to retire 10 years sooner than you planned, with more creature comforts than you ever imagined.


What the Critics Say

"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)


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Customer Reviews

Most Helpful

excellent book but...

Again I would give the hardcover book five stars but the Audible format 3. Not that the Audible format isn't well done and the narration is excellent. It's just that you need the book too. If I were to buy again I would buy the abridged version and the hardcover.

Anyway, I found myself up 'till 5:00am with my MP3 player, the book, and my laptop browsing and the website given in the book. It was a bit of an overload but enjoyable information. I'll start paper trading in a few days and see how I do. It's an exciting prospect.
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- Amazon Customer

Buy the book - not the audio!

5 Stars for the content; 1 Star for Audible.
Great stuff! I'm excited about becoming a Rule#1 investor and have ordered the book. So I recommend you consider learning these skills and practicing this approach to investing.
Unfortunately - for me at least - there are too many critical references to calculations, tables and lists of numerical data that make Rule #1 entirely inappropriate for an audio book. I might feel otherwise if the author and Audible were to make this key information available in downloadable PDF format (the way that "On Intelligence" by Jeff Hawkins does on this website). Imagine someone reading the financial tables of a newspaper to you while you try to draw a chart of it in your mind and you'll understand what I mean.
That said, the segments that are less focused on numerical calculations and analysis offer some great learning value in the form of an audio stream.

I can't wait to get my hands on the book!

- Hope this helps!
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- Keith

Book Details

  • Release Date: 04-04-2006
  • Publisher: Books on Tape