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3 verk 499 medlemmar 13 recensioner 1 favoritmärkta

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Foto taget av: Ron Clendenin

Verk av Philip Town

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Vedertaget namn
Town, Philip
Namn enligt folkbokföringen
Town, Philip Bradley
Födelsedag
1948-09-21
Kön
male
Nationalitet
USA
Bostadsorter
Jackson Hole, Wyoming, USA
Utbildning
University of California, San Diego
Kort biografi
An ex-Green Beret and former river guide, Phil Town is a self-made millionaire several times over and America's most widely sought-after speaker on investing.

An average high school student, he completed college on his fourth try. Of his early working years, he says he "mostly got dirty for a living", taking on jobs such as digging ditches and pumping gas. Town spent three and a half years in the Army, returned from the Vietnam War and found a job in the States as a river guide.

Drifting through California, Utah, and Idaho, he subsisted at poverty level, combining his wages from the guiding season and unemployment. He wore black leathers, sported a goatee, lived in a teepee in the woods near Flagstaff, Arizona, and "drove around in a really loud black Harley Davidson".

In the early '80s, Town's life changed radically. He was guiding trustees from the educational program Outward Bound down the nastiest rapid on the Grand Canyon's Colorado River, when his split-second decisions saved a boatload of people from a whitewater disaster.

A grateful and financially astute client returned the favor by guiding Town into serious, successful investing using the first rule of investing as ascribed to by Warren Buffett: Don't lose money.

Within five years, Town had built a borrowed $1,000 into $1 million. His fortunes improved radically, and rapidly, from then on.

Phil Town appears regularly on the same stage as Rudy Giuliani, Jimmy Carter, and Colin Powell as part of the Get Motivated touring success seminar. He speaks to more than 500,000 people annually about Rule #1. He is a regular guest on CNBC's The Millionaire Inside, alongside fellow wealth experts like David Bach, Barbara Corcoran, Loral Langemeier, and frequently appears on the MSNBC program Your Business.

Town lives in Jackson Hole, Wyoming.

His second investing book, PAYBACK TIME, will be published by Random House in February 2010.

Medlemmar

Recensioner

The good:
- Good primer on value investing
- Easy read
- Doing the maths exercises really taught me something
- The personal narrative added a nice touch and made the book easy to read from cover to cover

Why only 3 stars:
- Sells false hopes: 15% return annually
- Authors not transparent about own performance (only one example with Whole Foods)
- 15 min. a day - too good to be true: after doing the exercises, valuing companies takes lots of time.
- guru-ish
 
Flaggad
Bloum | 5 andra recensioner | Feb 23, 2024 |
- rock-bottom beginner level
- this book is about dealing with anxiety, burn out, family problems and lack of self-confidence and not just investing
- the math parts are oversimplified and require the use of a technical calculator. *shudders
- all investing-related text could have fit on 10 pages.
- first book on investing that explicitly links personal values with stockpicking, but I would have loved to see more examples than just Whole Foods
- the author’s resistance to be taught and irrational fear of personal finance and numbers irritated me, but other people might be able to relate to that… (mer)
 
Flaggad
jd7h | 5 andra recensioner | Feb 18, 2024 |
The good:
- Informal language
- Lots of examples including calculations
“- Payback time” valuation as additional valuation method besides “Sticker price”

The bad:
- marketing for course and website
- very time-specific, i.e. refers frequently to the “recent” 2008 financial crisis and contains old Yahoo Finance screenshots
- technical analysis
- overhyped made up words and acronyms for mundane personal finance stuff
- low information density
- author’s arguments are mostly dependent on the reader’s feelings of anger and indignation wrt the financial sector… (mer)
 
Flaggad
jd7h | Feb 18, 2024 |
Started reading this after listening to 10 podcast episodes of InvestED, by Phil Town and his daughter Danielle Town. The podcast was okay but not information dense enough. Phil Town said a lot of common sense stuff so I decided to read his book to speed things up a bit.

I wish this book was not so time-specific (lots of screenshots of “MSN Money” and old versions of Yahoo), and available in Dutch so I could give it to my parents. Don’t be fooled by the “how to open a brokers account” chapter, this is not just for investing newbies. Contains a very readable implementation of Phil Fisher’s quality investing philosophy meets value investing meets GARP. What I like is that Town translates the high-level, abstract method of Fisher to something quantifiable anyone with highschool level math knowledge can work with.… (mer)
 
Flaggad
jd7h | 5 andra recensioner | Feb 18, 2024 |

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Statistik

Verk
3
Medlemmar
499
Popularitet
#49,589
Betyg
½ 3.5
Recensioner
13
ISBN
30
Språk
1
Favoritmärkt
1

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