5 comments about Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! (Unabridged).

1. I just finished reading this book.
   Everybody who does not have time to read and understand Warren Buffet's methodly for investing should read this once.
   I would call this as 101 in investing.
   I have several years of experience in trading.
   When I started reading this I marked the interesting lines/para.
   Finally I found out I had marked almost the whole book.
   He could have been a very good teacher.
   I am thinking of buying several books to give as gift to some of my friends and relatives.
   
   One little criticism in general:
   Either this book or random walk on wall street finally conclude saying trade. That is what most of us are doing. The biggest differnce is that; This book says that pick a fundamentaly great stock then trade it until .... you find out.
   
   How to pick a great stock? Buy and read it you will be happy you did it.
   
   Very good value per dollar.
   
   Thanks Phil Town.
   Rasappa Palaniappan.



2. I don't recommend this book at all. I have read many books on investing recently, and they all agreed on one point - don't invest in a company just because you like the product. Town's advice is the opposite - make a list of things you like, and choose companies that are involved in those things. He also is against Dollar-Cost-Averaging, which every other book I have read tells you of the value of that.
   
   He tells you that he took $1000 and turned that into $1,000,000 in only 5 years. But he doesn't explain how. That raises a red flag for me. He also promises you that you will do better than the best fund managers out there, and promises that you will beat the market. Statistically, only a very small amount of professionals beat the market. It is a absurd to presume that you would be able to out perform all the people who do this for a living (and most of the other books I've read specifically warn against such promises).
   
   He offers calculators on his website to figure out the value of a company. Personally I found them difficult to use (poor design).
   
   There seems to be a lot of overlap between this book and Pat Dorsey's The Five Rules for Successful Stock Investing. I would recommend that you read that book instead. Dorsey explains the concepts so much better than Town does, and you can easily import the calculations into excel for ease of use later.
   
   All in all, there's some good advice in the book, but he's put in a lot of lofty assumptions and exaggerations to advertise his book. Even the title is misleading. The title comes from one page in the book where he tells you that once you've done your initial research (hours and hours), then you might be able to get by on spending a quick 15 minutes a week keeping up on your stocks. But the title comes off as in the book is going to teach you how to invest by spending only 15 minutes a week.



3. The best book I have read on investing. I was able to develop a stock screener in MSN Money. If you have an online brokerage account and have access to Reuter's you quickly access 10 year growth rates (as prescribed in his book) without doing any calculation. A formual for picking the soundest investments.



4. I watched Phil Town speak at a motivational seminar several years ago. His rags to riches story is what compelled me to start investing. Though I didn't follow his advice at first... I rolled my old 401k over to a self directed IRA.. I made and lost money doing my own thing.
   
   I just recently bought his book and it's changed my view, and my account balance for the better. This book has a "investing for dummies" sense about it. It holds your hand thru the process. It's very straight forward and easy to understand and so far effective.
   
   I honestly believe if you follow these tried and true methods for valuing companies, and if you are disciplined enough to play within the rules, you can and will beat the market. This is not a get rich quick scheme and requires patience, but if you can keep a disciplined approach and do your homework you will eventually be rich. It may not be fast or edgy like day trading, but remember the story of the tortoise and the hare? How many "Hare"(Day Traders) are on the forbes richest people list? Warren Buffet and Phil Town share this same kind of tortoise approach.
   
   So in the words of Phil "Now go play".



5. In today's chaotic times, the only person you can rely on is yourself to create the life and the future you desire. Phil Town follows the fundamental and value analysis that have made Warren Buffet, Peter Lynch, and Benjamin Graham legendary investors. He breaks down technical details into simple methods anyone can learn and apply.
   The basics of Rule #1 investing are:
   
   1. Find a wonderful business
   2. Know what it's worth as a business
   3. Buy it at 50 percent off
   4. Repeat until very rich
   
   Albert Einstein said the power of compound interest was one of the greatest miracle known to man. Through it, anyone can become wealthy. If you begin with a $50,000 account that returns 15% a year, and you constantly save an additional $300 a month to add to that investment fund, you would have over $1,450,000 in just 20 years. This means you can live off the 15% interest of $215,000 a year, without ever touching the principal of $1,450,000 that sits in the bank and continues to grow for you (27).

No comments about The Power Portfolio.

1 comments about The Warren Buffett Portfolio.

1. I'm not sure what this is about after reading it. Actually I'm even more surprised noone has reviewed this (or read this?) or maybe I shouldn't be? Some chapters are written to reinforce the idea that a focus investment approach works. There is a chapter on the history of modern finance, another with mini-biographies of the Buffet roster. One on probabilities, but very vague at how to apply this for our own use. Then there is a chapter on behavioral finance and a chapter on proving why short-term forecasting does not work. How all this have to do with Warren Buffet, is anyone's guess. The author tries hard to associate these ideas with Buffet, but fails miserably. Ultimately, it is just a finance book littered with a dozen interesting facts with no coherence and an abundance of paraphrases from "Outstanding Investor Digest". Personally I only find the chapter on investor psychology and the "El Farol" problem (a proof why you cannot predict the market) facinating, but you can get this information from any good finance book.

No comments about Warren Buffett: Estrategias del inversor que convirtió 100 dólares en 14 billones de dólares.

3 comments about The Book of Investing Wisdom.

1. Well conceived and organized with keen insight into how some of the best investors attained their success through intelligent financial investments.



2. Krass' style creates an easy to follow, easy to understand narrative of some of the best business minds and their approach to financial investing.



3. An exceptional collection of essays by 46 great names business such as Pickens, Baruch, Moody, Buffet, Lynch, Forbes, Soros, and Trump. Key themes include: basic of analysis; attitude and philosophy; strategy; cycles; views from the inside; and more. Each essay includes a biographical sketch of the writer.

   This collection of essays proves to be interesting, entertaining, and filled with informative thoughts. This is not a 'how to get-rich-quick in the stock market book'; it is more of a solid, conservative investment for your reading portfolio. Reviewed by Gerry Stern, founder, Stern & Associates, author of Stern's Sourcefinder The Master Directory to HR and Business Management Information & Resources, Stern's CyberSpace SourceFinder, and the Compensation and Benefits SourceFinder.