Summary of Phil Town's Payback Time

Please note: This is a companion version & not the original book. Book Preview:

#1 The essence of stockpiling is to buy stock in a business you’d be excited to own all of, then hope the price goes down so you can stash, accumulate, and collect as much as you can afford at as low a price as possible.

#2 You must stop thinking that stock investing is any different from buying a business. When you buy a business, you're buying shares of the business. If you buy a portion of the total shares, you become a part owner. Buy all the shares and you own the whole business.

#3 The classic part of the story is that as prices of the businesses Berkshire owned plummeted, Mr. Buffett was attacked for being over the hill and out of touch. The fact is, stockpiling is something people either get right away or never understand at all, no matter how much sense the strategy makes or how much money the people who practice it make.

#4 The secret to stockpiling is to make sure the value of the company is substantially greater than the price you are paying for it. If you get this right, you cannot help but get rich.

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Release date

E-bog: 16. maj 2022