23. Make Millions with Value Investing with Phil Town

  Phil Town is a hedge fund manager and value investment banker that has devoted his life to teaching others how to make amazing money on the stock market. He went from being a near-penniless river rafting guide to multi-millionaire hedge fund manager in 5 years. He's the best-selling author of two books, Rule #1 and PayBack Time. He's the founder of Rule #1 Investing, an investing education program, and travels the globe educating new investors in how to amass their fortune.   EPISODE  Phil Town believes that investing in the stock market doesn't need to be risky to be profitable, and that you can make money in absolutely any time and state of the market, especially in recessions. What we know of with mutual funds and the majority of hedge fund managers isn't what Phil considers investing - instead, they are simply speculating on how the market will perform, which is incredibly risky indeed. Instead, here's how you can find the true, measurable value of companies, and how to buy them on a sale price that is virtually guaranteed to make you a lot of money. We discuss: How to find a company with a durable competitive advantage Why modern portfolio theory doesn't account the fear and greed that rules the stock market Why diversification isn't the golden rule you thought it was How to tell if a company is on sale   For complete shownotes and more, please head over to www.optimizedgeek.com/philtown LINKS & RESOURCES MENTIONED Optimizedgeek.com/ruleone Rule #1: The Simple Strategy for Successful Investing at only 15 minutes a week! PayBack Time Security Analysis by Ben Graham Good to Great by Jim Collins     GET OPTIMIZED! Try out the three circles exercise to find awesome ideas for industries that you can invest in and really feel passionate about. Only pursue companies that you are able to understand. Do you find computer science a bit too complex or uninteresting to keep up with? Move on. What are the values that you truly believe in or hobbies you are truly passionate about? Do you love spending time outdoors and among nature? Perhaps buy into an outdoor gear company, a boat manufacturer, or into the tourism industry.   THANK YOU FOR LISTENING! As always, thank you for tuning in. Please feel free to drop by the website to contact me or leave a comment. If you enjoyed this episode, please share it! -Stephan STAY CONNECTED Reboot and Improve Your Life - Free Guide | Twitter | Facebook