Payback Time Book

Phil Town is the bestselling author of PAYBACK TIME. Phil Town teaches how to get investing money back from Wall Street.

Finally it’s done. Phil Town's new book, “PAYBACK TIME: Making Money is the Best Revenge” will be in the bookstores for investors and wanna-be investors everywhere on March 2nd, 2010. In Phil Town's first book, RULE #1, he showed you how to do a quick analysis of a business and then trade it using tools that track the Big Guys. If you’ve followed what I taught you you’ve done well in this market meltdown. But too many of you guys are jumping into stocks you really don’t know the value of. You didn’t do your homework. As some of you discovered, you can get burned trading that way. That certainly wasn’t my intention when I wrote RULE #1. I wanted you to be investors. But I created a bunch of traders. Trading can burn you if you don’t have a good investing foundation. I don’t want you to get burned. I want you to get rich. In fact, I want you to get rich without taking any more risk than you are taking in some indexed mutual fund. I want you to know you are going to be rich with great certainty. I want you to know that when you are ready to stop working for a living, you’ll have a bunch of money in great businesses that will last you the rest of your life. For that, you are going to have to learn to become an INVESTOR. For real. Maybe PAYBACK TIME is the book I should have written first. An investor is someone who buys an asset they know the value of and pays less for it than it is worth. Investing should be just like buying a $10 bill and paying $5 for it. It should have that level of certainly connected to it. Investing is buying a Picasso at a garage sale. When you do ‘investing’, you know you are going to make money. At the right price, buying a government bond is investing. At the right price buying a house is investing. At the right price, buying land in Jackson Hole is investing. At the right price, buying gold is investing. At the right price even buying a 2001 Range Rover that won’t start is investing. (I’ve got one for you if you’re interested and baby the price is right! I can’t stand even looking at the thing.) PAYBACK TIME is the first book to spell out for you exactly how to do that sort of long term, buy and hold, stick it away forever sort of investing. It is about how the best long term investors in the world go about making those gigantic long term 20 year compounded rates of return of 30% to 50% per year. This is how we do it step by step so simple that everyone I know can do this. It ain’t rocket science, guys, its just knowing two things: Is it a wonderful business? Is it on sale? Wonderful and cheap. That’s it. Simple. Easy. Wonderful is pretty easy. And knowing its on sale? Well, lets just say that Payback Time is not just about revenge. Its also a term we use when we buy a private company to get an idea of how long it will be before earnings let us get our money out of the deal. So why read it now? Because now we are back in an investors stock market. Back in the 60’ - 80’s the market had massive ups and downs that added up over 20 years to a zero rate of return. But in exactly that sort of market investors like Warren Buffett just killed it. That’s when he made his billions on billions. I caught the end of that market but it was enough to get rich. And if you follow what I teach you in PAYBACK TIME, you can just kill it, too. I’ll tell you why in the book. And I’ll tell you exactly how.

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