Payback Time

Payback Time by Phil Town

This book is a follow-on to the author’s previous book Rule #1 Investing. It was written shortly after the economic crisis of 2008 and correctly advised people to take advantage of some of the bargains available at the time. It rehashes the valuation methods from the previous book, but adds the concept of “stockpiling” which basically involves buying an initial quantity of a stock, and then buying more if the price declines. Good advice, but nothing revolutionary.

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