Rule 1 investing summary

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More than that, it sure is a convincing argument to listen to his advice, which he gladly shares with those, who choose to listen. His advice neither mumbo-jumbo, nor particularly new. Look for moats around the businesses you invest in.

Ready to invest yourself to wealth? If you want to save this summary for later, download the free PDF and read it whenever you want. But he sure acts as if he did. Your investment into a business is a vote for that business to continue its practice as it operates today. So before you invest, ask yourself this: Would you buy the whole business, if you could? What this question does is force you to be a lot more cautious, make better decisions and do your homework.

Lesson 2: Try to spot what moats a company has built around itself. Warren Buffett famously explained his idea of economic moats around companies in a talk once. You may have had those thoughts until know, but Phil Town will change them all! We recommend this book to all wannabe investors and puzzled participants on the stock market.

About Phil Town Phil Town is a motivational speaker, author, and millionaire. In the past, he was part of the U. Then, he learned how to invest. And, you know how they say — the rest is history. Yes, we may have oversimplified it, but in essence, you will find that those are the bases for each investment. What do we mean by that?

Here it is: Investing is a snap, and you can ace it by working for 15 minutes a day on your stock portfolio.