New Rule # 1 Group on Share Your Number

[Adrian]

The KC-inspired discussion on Rule # 1 Investing (thanks, KC!) has prompted me to create a new group right here, on Share Your Number, devoted to all-things-Phil-Town - well, at least to his book: Rule # 1 Investing.

To kick things off, I am sharing some resources (including my very own Rule # 1 spreadsheet!) ... so, why don't you join today?!

http://shareyournumber.ning.com/group/rule1investing

[Adrian]

Very good point Ill; I always 'play' with the numbers on any stock that I am really interested in ...

[Ill liquidity]

I think a lot of us arrive at the same conclusion, using a spreadsheet tool to run the numbers. Caution here though, a late post by Town goes into detail about his bank MOS, erasing the past two years of data because of poor earnings due to the economic conditions, and projecting the price out based instead on the seven year equity growth. So yeah, you can make a spreadsheet to run all the numbers for every stock listed, but you will miss some because sometimes the numbers have to be adjusted. I'm interested in finding out what's on other peoples short lists and why... and whether they are looking at broad market conditions or just those equities (per feedback on MOAT post). Thanks again everyone. -ILL

[Adrian]

Thanks, Scott!

Anybody who is interested in stock investing should read this book ... I sincerely hope that the group here will be a useful adjunct to those who have read the book and encourage those who haven't to pick up a copy [neither I nor this forum are in any way associated with either Phil Town or his book ... we just like it!].

There are other great books, too, like Buffetology and the later books by the same author/s .... but - if it is to be believed that Warren Buffett's actual methods are revealed - discounting cashflows seems a touch harder to implement.

[Scott]

This is cool. I was getting ready to buy that book and start reading it to learn more on stock investing! ;)