Book HackRule #1By Phil Town
In a Nutshell
Rule #1 hands us the reins of personal investing by using a few simple rules from Warren Buffett's value investing approach to guide us towards financial independence.
Favorite Quote
I buy every company that I look at as if it's the only company my uncle will let me buy.
Phil Town
Introduction
Phil Town turned a $1,000 investment into $1.45 million over five years.
The investing expert delivers tips and tricks to increase your finances in Rule #1, so you can follow in his footsteps and reach your goals.
His advice is neither confusing nor particularly original: after all, it's based on Warren Buffett's criteria for picking sound businesses to invest in.
Phil Town distills it to make it easy to comprehend and apply - even if you're not a stock market aficionado, and don't have hours to spend looking at charts every day.
Unlock your investing potential by thinking long-term and focusing on your safety margin.
This way, you'll protect yourself from the market's risks while reaping all the benefits.
Here are the 3 key insights from this Hack
- 1.Always imagine you’re buying the whole company, not just some shares
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