Summary of Phil Town's Payback Time


Book Description

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The essence of stockpiling is to buy stock in a business you’d be excited to own all of, then hope the price goes down so you can stash, accumulate, and collect as much as you can afford at as low a price as possible. #2 You must stop thinking that stock investing is any different from buying a business. When you buy a business, you're buying shares of the business. If you buy a portion of the total shares, you become a part owner. Buy all the shares and you own the whole business. #3 The classic part of the story is that as prices of the businesses Berkshire owned plummeted, Mr. Buffett was attacked for being over the hill and out of touch. The fact is, stockpiling is something people either get right away or never understand at all, no matter how much sense the strategy makes or how much money the people who practice it make. #4 The secret to stockpiling is to make sure the value of the company is substantially greater than the price you are paying for it. If you get this right, you cannot help but get rich.




Payback Time


Book Description

Don’t get mad, get even… Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time. Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.” But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless. It turns out that only 4% of fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens. But it’s worse than that. The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees. Once you understand how funds engineer this, you’ll rush to invest on your own. Payback Time’s risk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets. It’s a set of rules for investing (not trading but investing) in the right businesses at the right time -- rules that will ensure you make the big money.




Summary: Payback Time


Book Description

The must-read summary of Phil Town's book: "Payback Time: Making Big Money Is the Best Revenge". This complete summary of the ideas from Phil Town's book "Payback Time" shows that, all too often, people put their long-term investment capital into mutual funds and then sit back and hope someone else will make them the millions they need to fund their retirement. In his book, the author offers a better approach to becoming a savvy investor. This summary will teach you the art of "stockpiling", which will enable you to invest in the right business at the right time. Added-value of this summary: • Save time • Understand key concepts • Expand your investment knowledge To learn more, read "Payback Time" and become an expert at making the right investment and turning a down marketing into an up portfolio.




Rule #1


Book Description

Who's going to provide for your future? There's a crisis looming in pensions. Investing in property is time-consuming and risky. Savings accounts yield very little return. If you're not careful, you could be looking at a very uncomfortable retirement. But surely the alternative - investing in the stock market - is risky, complicated and best left to the professionals? Phil Town doesn't think so. He made a fortune, and in Rule #1 he'll show you how he did it. Rule #1: - Sets out the five key numbers that really count when you're buying stocks and shares - Explains how to use new Internet tools to simplify research - Shows how to exploit the advantages of being an individual investor - Demonstrates how to pay fifty pence for every pound's worth of business This simple and straightforward method will guide you to 15% or better annual returns - in only 15 minutes a week. It's money in the bank!




Invested


Book Description

In this essential handbook—a blend of Rich Dad, Poor Dad and The Happiness Project—the co-host of the wildly popular InvestED podcast shares her yearlong journey learning to invest, as taught to her by her father, investor and bestselling author Phil Town. Growing up, the words finance, savings, and portfolio made Danielle Town’s eyes glaze over, and the thought of stocks and financial statements shut down her brain. The daughter of a successful investor and bestselling financial author of Rule #1, Phil Town, she spent most of her adult life avoiding investing—until she realized that her time-consuming career as lawyer was making her feel anything but in control of her life or her money. Determined to regain her freedom, vote for her values with her money, and deal with her fear of the unpredictable stock market, she turned to her father, Phil, to help her take charge of her life and her future through Warren Buffett-style value investing. Over the course of a year, Danielle went from avoiding everything to do with the financial industrial complex to knowing exactly how and when to invest in wonderful companies. In Invested, Danielle shows you how to do the same: how to take command of your own life and finances by choosing companies with missions that match your values, using the same gold standard strategies that have catapulted Warren Buffett and Charlie Munger to the top of the Forbes 400. Avoiding complex math and obsolete financial models, she turns her father’s investing knowledge into twelve easy-to understand lessons. In each chapter, Danielle examines the investment strategies she mastered as her increasing know-how deepens the trust between her and her father. Throughout, she streamlines the process of making wise financial decisions and shows you just how easy—and profitable—investing can be. Capturing a warm, charming, and down-to-earth give and take between a headstrong daughter and her mostly patient dad, Invested makes the complex world of investing simple, straightforward, and approachable, and will help you formulate your own investment plan—and foster the confidence to put it into action.




Payback Time


Book Description

Award-winning novelist Carl Deuker creates a mystery-thriller against the backdrop of high school football and the criminal underworld.




Wintering


Book Description

A true epic: a love story that spans sixty years, generations’ worth of feuds, and secrets withheld and revealed. One day, elderly, demented Harry Eide steps out of his sickbed and disappears into the brutal, unforgiving Minnesota wilderness that surrounds his hometown of Gunflint. It's not the first time Harry has vanished. Thirty-odd years earlier, in 1963, he'd fled his marriage with his eighteen-year-old-son Gustav in tow. He'd promised Gustav a rambunctious adventure, two men taking on the woods in winter. With Harry gone for the second (and last) time, unable to survive the woods he'd once braved, his son Gus, now grown, sets out to relate the story of their first disappearance--bears and ice floes and all--to Berit Lovig, an old woman who shares a special, if turbulent, bond with Harry. Wintering is a thrilling adventure story wrapped in the deep, dark history of a rural town.




Richer, Wiser, Happier


Book Description

From William Green, a financial journalist who has written for The New Yorker, Time, and Fortune, comes a fresh and unexpectedly profound book that draws on interviews with more than 40 of the worlds super-investors to demonstrate that the keys for building wealth hold other life lessons as well.




Blacktop Wasteland


Book Description

Los Angeles Times Book Prize Winner • New York Times Notable Book • NPR’s Best Books of the Year • BookPage’s #1 Mystery and Suspense of the Year • Sun Sentinel’s #1 Best Mystery of the Year “I loved Blacktop Wasteland...[A] fast-paced, bareknuckle thriller.” -Stephen King “A roaring, full-throttle thriller, crackling with tension and charm.” -The New York Times Book Review "One of the year's strongest novels." -Sun Sentinel A husband, a father, a son, a business owner...And the best getaway driver east of the Mississippi. Beauregard “Bug” Montage is an honest mechanic, a loving husband, and a hard-working dad. Bug knows there’s no future in the man he used to be: known from the hills of North Carolina to the beaches of Florida as the best wheelman on the East Coast. He thought he'd left all that behind him, but as his carefully built new life begins to crumble, he finds himself drawn inexorably back into a world of blood and bullets. When a smooth-talking former associate comes calling with a can't-miss jewelry store heist, Bug feels he has no choice but to get back in the driver's seat. And Bug is at his best where the scent of gasoline mixes with the smell of fear. Haunted by the ghost of who he used to be and the father who disappeared when he needed him most, Bug must find a way to navigate this blacktop wasteland...or die trying. Like Ocean’s Eleven meets Drive, with a Southern noir twist, S. A. Cosby’s Blacktop Wasteland is a searing, operatic story of a man pushed to his limits by poverty, race, and his own former life of crime.




Sophie's World


Book Description

A page-turning novel that is also an exploration of the great philosophical concepts of Western thought, Jostein Gaarder's Sophie's World has fired the imagination of readers all over the world, with more than twenty million copies in print. One day fourteen-year-old Sophie Amundsen comes home from school to find in her mailbox two notes, with one question on each: "Who are you?" and "Where does the world come from?" From that irresistible beginning, Sophie becomes obsessed with questions that take her far beyond what she knows of her Norwegian village. Through those letters, she enrolls in a kind of correspondence course, covering Socrates to Sartre, with a mysterious philosopher, while receiving letters addressed to another girl. Who is Hilde? And why does her mail keep turning up? To unravel this riddle, Sophie must use the philosophy she is learning—but the truth turns out to be far more complicated than she could have imagined.