Summary : Payback Time - Phil town

This work offers a summary of the book "e;PAYBACK TIME: Making Big Money is the Best Revenge"e; by Phil Town.Phil Town is a self-made multi-millionaire and public speaker. He was working as a whitewater guide on the Colorado River when he met a mentor who taught him investment strategies bas [...]
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This work offers a summary of the book "e;PAYBACK TIME: Making Big Money is the Best Revenge"e; by Phil Town.Phil Town is a self-made multi-millionaire and public speaker. He was working as a whitewater guide on the Colorado River when he met a mentor who taught him investment strategies based on Warren Buffett's famous first law of investing: Don't lose money. Within five years Phil Town had parlayed his modest startup investment capital of $1,000 into a million-dollar investment portfolio. In 2006, he published his first book RULE #1 which went on to become a New York Times best seller. 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 will need to fund their retirement. In Payback Time, Phil Town offers a better approach to become a savvy investor. It's called "e;stockpiling"e;: it enables you to invest in the right business at the right time and is exactly how the best investors can turn a down market into an up portfolio. In this easy-to-read and practical guide, Phil Town reveals how billionaires get rich in bad markets. Read Payback Time and you will maximize your investments.