Vorlon Whispers

Investing

I bought a new book on investing. It’s called “Rule #1” – The simple strategy of successful investing in only 15 minutes a week by Phil Town. He says he took $1,000 and turned it into $1 million over five years.

I’m a little dubious, but I’ll see what he has to say. Here are the chapter headings

• Introduction: Make Money No Matter What
  
• The Myths of Investing
  
• Rule #1 and the Four Ms
  
• Buy a Business, Not a Stock
  
• Identify a Moat
  
• The Big Five Numbers
  
• Calculate the Big Five
  
• Bet on the Jockey
  
• Demand a Margin of Safety
  
• Calculate the Sticker Price
  
• Know the Right Time to Sell
  
• Grab the Stick
  
• The Three Tools
  
• Take Baby Steps
  
• Eliminate the Barriers
  
• Prepare for Your First Rule #1 Purchase
  
• Q&A

I bought it through Amazon. I ordered the book Saturday and it arrived today – and I didn’t bother to pay for extra fast shipping. I don’t have a clue as to how they can do that.

One of the things that makes it interesting is, it looks like he tells you when to sell. Knowing when to exit a trade is just as important as knowing when to buy.

I’ll give me something to read while they drip toxins through my veins this Wednesday.

Posted by The Vorlon at March 27, 2006 8:19 PM