The Daily Echo: September 2014 Book of the Month: Rule #1 by Phil Town. August 31, 2014 from Dr. Eric Lane on Vimeo.
I am so excited to recommend Rule #1 by Phil Town. I am blessed to call Phil a friend and mentor. I had the opportunity to spend over 2 years looking over his shoulder 2 times a week via webcasts and multiple other times watching him up close and in person. He is not only a masterful investor, teacher, and leader but he is an incredible person. Rule #1 will teach you all you need to know to take your hard earned money and multiply it. Minimum 15% returns are Phil’s standards and he teaches you the process. As you read and understand the principles of investing in the markets you will gain the confidence and skill that will allow you to repeat what great investors do. This is not a quick fix hyped up book to make millions out of nothing. This is Warren Buffet Rule #1 investing. You work hard for your money, take the necessary steps to learn how to safely and efficiently invest it. Enjoy.
Phil Town Bio:
Before Investing: The 1960s & 1970s
Phil Town was raised in Portland, Oregon. He graduated from high school in the 1960s. After four attempts at college, he earned a Bachelor of Arts degree in Philosophy from the University of California, San Diego.[1] In 1972, following a stint in the US Army as a Green Beret,[2] Town found himself sleeping in a tent in Flagstaff, Arizona conducting whitewater rafting trips down the Colorado River.
Transition to Investor: The 1980s
In 1980, he ran a rafting expedition for trustees of the Outward Bound Program.[3] The trip was nearly catastrophic when the boat almost capsized in a rough section of the Colorado River. One of the men on that trip told Phil that he could be “doing better than pumping rubber all summer and living on welfare in the off season.”[4]
Investment Philosophy
Phil’s interest in meditation and spirituality led him to personalize what he had learned from his mentor. His values-based investing philosophy centers around four key principles he calls the Four M’s: Meaning, Moat, Management and Margin of Safety. In 2005, he began his Rule #1 blog[5] where he teaches readers how to invest without compromising their own ethics. In 2006, Random House released his book Rule #1, The Simple Strategy for Successful Investing in Only 15 Minutes a Week![6] through its Crown imprint. It went to #1 on the New York Times bestseller list. Rule #1 was also on Business Week’s bestseller list and USA Today’s list of top business books.[7] Rule #1 is now published in 14 languages. His second book, Payback Time, Making Big Money Is the Best Revenge!, was released by Random House in March, 2010 and immediately went to #1 on the NY Times bestseller list. Payback Time explains the concept of ‘Stockpiling’ stocks for long term high returns with low risk.
Media appearances
Phil Town regularly speaks on the Get Motivated stage which features prominent politicians, business people, entertainers, and athletes.” Get Motivated Seminars produces the world’s largest one-day business seminars, bringing together “the world’s greatest leaders and achievers” in the fields of business, politics, sports, entertainment, and philanthropy.[8] He is a frequent guest on CNBC as well, having been featured on The Millionaire Inside series[9] and is featured on the first and second episodes, “Your Guide to Wealth”[10] and “Your Guide to Retiring Rich”[11] along with David Bach and Barbara Corcoran. He is a regular contributor to MSNBC’s show Your Business,[12] and has appeared on Maria Bartiromo’s show Closing Bell.
