Author of NY Times #1 best sellers on value investing, Rule #1 and Payback Time.
SNAPSHOT
Description: Full time investor.
Trading frequency: Weekly
Interests: Stocks - long
COMPANY
Currently, there is no company profile for pbtown.
Blog
Currently, there are no blog details for pbtown.
BOOK
Payback Time My first book, Rule #1, was a guide to stock market trading for people who believe they lack the knowledge to trade. It was deeply satisfying to see it reach #1 on the NY Times bestseller list and sell hundreds of thousands of copies. I've since come to realize, though, that many people weren't ready to go ...More
from mutual funds directly into trading without understanding investing - for the long term. But there's the catch, and the reason for Payback Time. Too often, people see long-term investing as 'mutual fund contributing' - AKA 'long term hoping'. And, take it from me, 'hoping' is not going to pay for food, shelter and medical care in 20 or 30 years. The sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an instutution that is hopeless.
The 'risk-free' approach I'm advocating in Payback Time is called 'stockpiling' and its what we've learned from billionaires about how to get rich in ALL markets. It's a set of rules for investing (not trading but INVESTING) in the right businesses at the right time - rules that will ensure you make the serious money. Most important, you'll be able to sleep at night, even through a 50% drop in the market, knowing that price does not equal value.
pbtown