- 3rd Rule Book Review
Invested is a book that teaches you how to make investment choices based on stock value analysis rather than on stock price analysis.
Value investors analyze the value of the company that's selling its stock. The value of the stock is driven by choices made by the executives & managers within the company. You as a value investor use your accounting skills to analyze the company's financial numbers to determine the value of the company. The final financial numbers for that company determines whether or not you're going to buy its stock. There are additional factors to consider before making the choice to invest in the stock. Invested will explain those additional factors.
This method of investing places you in the single digit percentage of investors who posses the fundamental skill in correctly predicting the direction a stock will go based on real numbers (company financial statement) rather than by people's emotions that often sets the stock price. Decision making based on emotions rarely if ever works out in your favor in any area of life.
Buy this book to become a member of the single digit percent of investors who invests exactly the same way like legendary investors Charlie Munger & Warren Buffet.
- Publisher Book Description
In this essential handbook—a blend of Rich Dad, Poor Dad and The Happiness Project—the co-host of the wildly popular InvestED podcast shares her yearlong journey learning to invest, as taught to her by her father, investor and bestselling author Phil Town.
Growing up, the words finance, savings, and portfolio made Danielle Town’s eyes glaze over, and the thought of stocks and financial statements shut down her brain. The daughter of a successful investor and bestselling financial author of Rule #1, Phil Town, she spent most of her adult life avoiding investing—until she realized that her time-consuming career as lawyer was making her feel anything but in control of her life or her money. Determined to regain her freedom, vote for her values with her money, and deal with her fear of the unpredictable stock market, she turned to her father, Phil, to help her take charge of her life and her future through Warren Buffett-style value investing. Over the course of a year, Danielle went from avoiding everything to do with the financial industrial complex to knowing exactly how and when to invest in wonderful companies.
In Invested, Danielle shows you how to do the same: how to take command of your own life and finances by choosing companies with missions that match your values, using the same gold standard strategies that have catapulted Warren Buffett and Charlie Munger to the top of the Forbes 400. Avoiding complex math and obsolete financial models, she turns her father’s investing knowledge into twelve easy-to understand lessons.
In each chapter, Danielle examines the investment strategies she mastered as her increasing know-how deepens the trust between her and her father. Throughout, she streamlines the process of making wise financial decisions and shows you just how easy—and profitable—investing can be.
Capturing a warm, charming, and down-to-earth give and take between a headstrong daughter and her mostly patient dad, Invested makes the complex world of investing simple, straightforward, and approachable, and will help you formulate your own investment plan—and foster the confidence to put it into action.
- Editorial Review(s)
Review
“This is a warm, wonderful book that shows how a father and daughter can connect at a deeper level, on both a personal and a financial level, enriching them both for the years ahead.” (Brian Tracy, bestselling author of Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time)
“Stunning! Invested is the only book that seriously addresses how inner health becomes outer wealth with straightforward steps to financial freedom. Anyone who wants an all-around better life should read this book.” (JJ Virgin, bestselling author of The Virgin Diet)
“Invested makes complex ideas about stocks and markets make sense to anyone! Get ready to level-up your knowledge of active investing from any starting point.” (Amanda Steinberg, founder of DailyWorth and author of Worth It: Your Life, Your Money, Your Terms)
“Fear holds most people back from real wealth. This book addresses head-on being afraid of the stock market and being afraid of not knowing enough. For everyone who knows they need to do something with their money but doesn’t know what, this is the book for you.” (John Assaraf, star of The Secret, founder of myNeuroGym.com, and author of Having It All)
“In Invested, Danielle Town shows how she learned to overcome her anxieties about money to take control of her own happiness. A terrifically informative and thoughtful book.” (GRETCHEN RUBIN, bestselling author of The Happiness Project and The Four Tendencies)
From the Back Cover
When she was growing up, Danielle Town cringed at the words finance, stocks, or portfolio. The daughter of the successful investor and bestselling financial author of Rule #1, Phil Town, she spent most of her adult life avoiding investing—until she found herself stuck in an all-consuming legal career where she felt both her money and her life were out of control. Determined to regain her financial freedom and put her money to work in a socially responsible way, Danielle asked her father to help her take charge of her future by teaching her Warren Buffett–style value investing. What began as a series of conversations between them eventually turned into a yearlong investing plan and the hit personal-finance podcast InvestED. Over the course of that year, Danielle went from being an extremely reluctant investor to knowing exactly how and when to invest in wonderful companies, with a little—okay, a lot of—advice and help from her dad.
In Invested, Danielle tells the entertaining and educational story behind her personal life-changing journey to financial freedom. She lays out the twelve-month plan that she developed with her father, creator of the successful “Rule #1 Investing” method, to practice step-by-step the principles of value investing handed down from the wisdom of value-investment legends Warren Buffett and Charlie Munger, and she shows how those principles will reshape your finances and your relationship to money. Invested makes the complex world of investing simple, straightforward, and approachable, and will help you gain confidence and strategies to formulate your own plan for financial freedom—and put your money where your values are.
About the Author
A corporate startup attorney, Danielle Town earned her law degree from New York University, and holds degrees from Wellesley, Oxford, and University of Colorado. She co-hosts the InvestED podcast with her father, Phil Town.
Phil Town is a motivational speaker, investor, and the author of the #1 New York Times bestsellers Rule #1 and Payback Time. He co-hosts the InvestED podcast with his daughter, Danielle Town.
Biography
A corporate startup attorney, Danielle Town earned her law degree from New York University, and holds degrees from Wellesley, Oxford, and University of Colorado. She co-hosts the InvestED podcast with her father, Phil Town.
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