#27754
Mentioned in 1 episodes
Rule #1
Book • 2006
In 'Rule #1', Phil Town presents an investment strategy based on the principles of Warren Buffett and Benjamin Graham.
The core rules are 'Don’t lose money' and 'Don’t forget Rule #1'.
Town advocates for buying wonderful businesses at discounted prices, emphasizing the importance of understanding the business, identifying a 'moat' (competitive advantage), and ensuring a 'margin of safety'.
The book encourages investors to think like business owners rather than gamblers, focusing on long-term success while using short-term market timing to maximize returns.
It also debunks common myths about investing and provides tools for managing investments effectively.
The core rules are 'Don’t lose money' and 'Don’t forget Rule #1'.
Town advocates for buying wonderful businesses at discounted prices, emphasizing the importance of understanding the business, identifying a 'moat' (competitive advantage), and ensuring a 'margin of safety'.
The book encourages investors to think like business owners rather than gamblers, focusing on long-term success while using short-term market timing to maximize returns.
It also debunks common myths about investing and provides tools for managing investments effectively.
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Mentioned in 1 episodes
Mentioned by Ryan Daniel Moran as an author whose work emphasizes investing within one's circle of competence.
20 snips
$100M Founder: I Stopped Investing In My Business To Do This Instead | Matt Clark
