Finally it’s done. Phil Town’s new book, “PAYBACK TIME: Making Money is the Best Revenge” will be in the bookstores for investors and wanna-be investors everywhere on March 2nd, 2010.
Phil Town’s PAYBACK TIME is the book he probably should have written first instead of RULE #1.
In Phil Town’s RULE #1, Phil showed you how to do a quick analysis of a business and then trade it using tools that track the Big Guys. If you’ve followed what Phil Town taught you you’ve done well in this market meltdown. But too many of you guys are jumping into stocks you really don’t know the value of. You didn’t do your homework. As some of you discovered, you can get burned trading that way. That certainly wasn’t his intention when Phil wrote RULE #1. He wanted you to be investors. But Mr. Town created a bunch of traders. Trading can burn you if you don’t have a good investing foundation. Phil doesn’t want you to get burned. He wants you to get rich. In fact, Phil Town wants you to get rich without taking any more risk than you are taking in some indexed mutual fund. Phil Town says “I want you to know you are going to be rich with great certainty”. He wants you to know that when you are ready to stop working for a living, you’ll have a bunch of money in great businesses that will last you the rest of your life. For that, you are going to have to learn to become an INVESTOR. For real.
An investor is someone who buys an asset they know the value of and pays less for it than it is worth. Investing should be just like buying a $1 bill and paying .50 cents for it. It should have that level of certainly connected to it. Investing is buying a Picasso at a garage sale. When you do ‘investing’, you know you are going to make money. At the right price, buying a government bond is investing. At the right price buying a house is investing. At the right price, buying land in Jackson Hole is investing. At the right price, buying gold is investing. At the right price even buying a 2001 Range Rover that won’t start is investing. (I’ve got one for you if you’re interested and baby the price is right! I can’t stand even looking at the thing.)
PAYBACK TIME is the first book to spell out for you exactly how to do that sort of long term, buy and hold, stick it away forever sort of investing. It is about how the best long term investors in the world go about making those gigantic long term 20 year compounded rates of return of 30% to 50% per year. This is how we do it step by step so simple that everyone can do this. It ain’t rocket science, guys, its just knowing two things: Is it a wonderful business? Is it on sale? Wonderful and cheap. That’s it. Simple. Easy. Wonderful is pretty easy. And knowing its on sale? Well, lets just say that Payback Time is not just about revenge. Its also a term we use when we buy a private company to get an idea of how long it will be before earnings let us get our money out of the deal.
So why read it now? Because now we are back in an investors stock market. Back in the 60’ – 80’s the market had massive ups and downs that added up over 20 years to a zero rate of return. But in exactly that sort of market investors like Warren Buffett just killed it. That’s when he made his billions on billions. And if you follow what Phil Town teated you in PAYBACK TIME, you can just kill it, too. Town will tell you why in the book. And he’ll tell you exactly how.
Finally, it’s done. Phil Town’s new book, “PAYBACK TIME: Making Big Money is the Best Revenge” debuted in bookstores for investors and wanna-be investors everywhere on March 2nd, 2010.
In Phil Town RULE #1, Phil showed you how to do an analysis of a business and then trade it using tools that track the Big Guys. If you’ve followed what Phil Town taught you, hopefully you’ve survived during market meltdowns. But, too many of you guys may be jumping back into stocks you really don’t know the value of. As some of you discovered, you can get burned trading that way. That certainly wasn’t his intention when Phil Town wrote RULE #1. He wanted you to be investors. Trading can burn you if you don’t have a good investing foundation. Phil doesn’t want you to get burned. He wants you to get rich. In fact, Phil Town wants you to get rich without taking any more risk than you are taking in some indexed mutual fund. He wants you to feel that when you are ready to stop working for a living, you’ll have a bunch of money in great businesses that will last you the rest of your life. For that, you are going to have to learn to become an INVESTOR. For real.
Investing should be just like buying a $10 bill and paying $5 for it. Investing is buying a Picasso at a garage sale. When you do ‘investing’, you are looking to make money. At the right price, buying a government bond is investing. At the right price, buying a house is investing. At the right price, buying land in Jackson Hole is investing. At the right price, buying gold is investing.
PAYBACK TIME spells out for you exactly how to do that sort of long term, buy and hold, stick it away forever sort of investing. I call it stockpiling. It is about how the best long term investors in the world go about making those gigantic long term 20 year compounded rates of return. This is how we do it, step by step, so simple that everyone can do this. It ain’t rocket science, guys, its just knowing two things: Is it a wonderful business and is it on sale? Wonderful and cheap. Wonderful is pretty easy. And knowing its on sale? Well, lets just say that Payback Time is not just about revenge. Its also a term we use when we buy a private company to get an idea of how long it will be before earnings let us get our money out of the deal.
So why read it now? Because now we are back in an investors stock market. Back in the 60’ – 80’s the market had massive ups and downs that added up over 20 years to a lackluster rate of return. But in exactly that sort of market investors like Warren Buffett just killed it. That’s when he made his billions on billions. And if you follow what Phil Town teaches you in PAYBACK TIME, you can just kill it, too. Town will tell you why in the book. And he’ll tell you exactly how.
Technorati Tags: Phil Town, phil town payback time, phil town rule 1
Tags: Phil Town, phil town payback time, phil town rule 1