Phil Town New Book

Sad to see US market plummet 1-2% again on past Friday. Let's keep our fingers cross and see how KLSE performs on tomorrow.

If you are a fundamental investor, I believe you have read Phil Town's "Rule #1" book before. I feel quite excited today, because Phil Town will be officially released his second new book, "Payback Time: Making Money is the Best Revenge" in coming 2nd March.

Here's the excerpt from Phil Town.

"PAYBACK TIME is the first book to spell out for you exactly how to do long term, buy and hold, stick it away forever 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 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. And if you follow what I taught you in PAYBACK TIME, you can just kill it, too. I will tell you why in the book. And I'll tell you exactly how."

May be they are sound just marketing words. I will definitely obtain one anyway. What do you think?

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