Yes, Phil Town is the real deal and his logic is sound – just as normal VALUE INVESTING is the real deal and its logic is sound. It worked with Buffett, Lynch and many others.

If you took the time to actually read the book by Phil Town you’ll find out he is not trying to sell you anything other than education – you can get the book from the library if you’re too skimpy.

If you’re curious about investing “Rule #1″ is a GREAT starting point to get into it. It is not the bible but lay a great foundation on which you should expand and improve upon but the state of mind about investing you should pick up from Phil Town – it is sound.

I hate spammers.

That said, thanks for the review. I’m just starting the book and was wondering if it actually is worth anything.

Perhaps I will open a fake account and try the principles out before putting real money in.

Did you read Phil’s book? I have, several times, and I have implemented the system in his book and I can personally testify that it works. It works better than advertised. I have been following his method for over 2 years and have consistently pulled high returns. The first year I made 80% on my money, the second year I made 40% in the first quarter and then went to cash and took the rest of the year off. If he is selling snake oil, it sure works for me! I am still investing and doing well. I would recommend his book to anyone and have. If your skeptical, test his system and paper trade for a while and then give us something more than speculation and slander.

Investools just paid a $3 million settlement for the lies, and some of their speakers paid $250k fine, and some who were under investigation, fled before they had to reveal their trades.

Let Phil Town come forward with his trading records and prove otherwise. He has been a public speaker forever, selling all kinds of business products from stage.

But if the truth were known he’s not a trader, and wrote a book of what he lifted from other books.

He’s one of the best snake oil salesman from stage in the business. But that’s what he ought to sell, “How to sell snake oil, by Phil Town”. At least it would be honest.

But don’t take his trading advice. He may sound passionate, but that’s only because he gets paid a lot for selling.

Here are other resources I found for Mr. Town: http://www.rule1investor.com

http://www.stock2own.com

It took me a long time and a lot of reading to find this site. Saves lots of time and the data is accurate and up to date. I don’t mind doing the digging and calculations on my own, in fact I recommend that you learn how to do it without the help of this site, but once you understand how to do them on paper, why spend the further time analyzing when it’s all here.

This site is a big fan of Phil Town’s work and reports everything as per the indicators in Phil’s book.

Happy Trading!

Johnny

There are companies that show up in the scans. Out of 7-8k that are scanned its about 1 to 4 at any given time.

I love how no one has tried or even read the book (or even understand what buffett is really doing for that matter) but jump on the bandwagon…real smart. I can tell no one here knows how to invest and lacks any success in it (so it must be impossible for everyone else).. love it… good job people. Keep losing your money.

I saw this clown on a CNBC presentation about a year ago. He went on some rant about how mutual funds are a “scam” and steal money from you (aside: which in certain cases is somewhat accurate but certainly not in all fund families). The idiot then proceeded to throw out 3 stock picks which he said should be trading at double their value: Walgreens (WAG), UnitedHealthcare (UNH) and Healthway, Inc (HWAY).

Check those symbols for a 1+ year chart to see the great Phil Town’s work.

I would love to take a look at this software, I’ve been a follower of Rule #1 investing for a while and I may be able to help you point out flaws if any, email me, hafmanhafamazin03@yahoo.com

Every day my server analyzes over 9000 stocks searching for companies that meet the following Rule #1 growth requirements:
Equity
Sales
EPS
ROIC

Approximately 1% of the publicly traded stocks meet the criteria above.

This report is generated before the market opens each trading day and lists stocks that meet the above requirements.

It also includes technical arrows and MOS.

I also offer a monthly subscription at the following location:
http://hyperdiversification.com/subscribe.aspx

I don’t have a problem with capitalism, but thought folks should know the truth about the list.

In fairness, I have not heard anything bad said about the list.

[...] Phil Town’s Rule #1 Investing Get Rich Slowly takes a look at Phil’s investment philosophy and seems to generally like it, though Phil’s claims may be a bit inflated. (@ get rich slowly) [...]

[...] method — and I do have one — is a variation of Phil Town’s Rule #1 method. I follow the same ideas, but I do very little research. Doing “very little research” [...]

I felt it was a bargain that let me start putting Rule #1 to work right away but will let you be the judge. Here’s the link for anyone interested:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=020&sspagename=STRK%3AMESE%3AIT&viewitem=&item=300102742304&rd=1&rd=1

The problem with deep value is normally it changes value so slowly – it may take a very long time to see your reward.

That said, deep value investing is a workable system – if your personality matches the style.

As to Professor Froewiss – the vast majority of people lose money long term, maybe it is time to consider a change.

I will probably read the book eventually, thanks for the review. To gain even one good insight is worth the money and time.

If you haven’t read Benjamin Graham yet, get a copy of his book first and try it. Not everyone is suited to his ideas – but they represent one method that really can make you rich.

[...] JD has written a very helpful review. He writes: The book explores a philosophy ascribed to Columbia University’s Benjamin Graham (author of The Intelligent Investor), and popularized by Graham’s student, Warren Buffet (perhaps the most successful investor of all time). [...]

This is an open discussion group dedicated to the teachings of Mr. Town and the Rule #1 Method.

With nearly 1000 members and new posts/discussions daily, you will have access to volumes upon volumes of user-submitted information and insight.

Our members have developed numerous automated techniques to aid you in the process of gathering a company’s “Big Five” and reaching an appropriate Margin of Safety.

To date, we have have uncovered around 70 “gems” that meet or exceed the Rule #1 criteria. Ongoing discussions of each of these businesses pull up some very useful information that will aid you in choosing your investments wisely.

Also, you will find a section of the forum that is dedicated to monitoring the active trades of these potential Rule #1 candidates.

With nearly 1000 pairs of eyes and ears in direct contact with the market, it is a great way for you to bolster your confidence by getting that extra confirmation from your fellow members who are very much interested in the same investments as yourself.

So come check us out, our membership base comes from all experience levels. Those new to the Rule #1 philosophy and those who have been trading for 40 years and finally feel like they can make sense of this chaotic market.

And as always, if there is anything I can personally do to improve you experience with the website, please feel free to contact me any time!

Warm Reguards,

Justin Brand
admin@ruleoneforum.com
http://ruleoneforum.com

[...] Investing At Fat Pitch Financials, George offers a spreadsheet he’s developed to find “wide moat” companies. Of course, this won’t make sense unless you’ve read about Phil Town’s Rule #1 Investing. This is an entry of interest only to serious investors. [...]

I bought it, read it, did what he said, opened a Roth (the gains are tax free), and in one month I am up 12.5 percent AFTER commissions for just one month. Annualize that.

FYI Buffet “dances in and out of positions” (Buffet’s own words in letters to shareholders). Moving in and out allows you to take advantage of the gains and minimizes your losses on the drops. It is working for me.

TYC in mid 2002 was at 12 bucks. If you bought it and held on to it until today, you would have realized a gain of 18 percent per year not counting 16 declared dividends. What has your mutual fund done since 2002? The kicker is that you have to find a business you understand and believe in and then wait until it “goes on sale.”