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Phil_Town

  1. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  2. Rule #1: Don’t lose money. That means ‘first, do no harm to your portfolio’. Why? If you lose 50% you have to gain 100% to break even.
  3. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  4. A durable business model means the business will overcome even incompetent management. Long term it will grow no matter what.
  5. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  6. How to buy $10 stock for $5? Three things. Is it a wonderful business? What’s its value as a business? Is it on sale?
  7. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  8. A durable business model means the business will overcome even incompetent management. Long term it will grow no matter what.
  9. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  10. How to buy $10 stock for $5? Three things. Is it a wonderful business? What’s its value as a business? Is it on sale?
  11. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  12. A durable business model means the business will overcome even incompetent management. Long term it will grow no matter what.
  13. Investing is like driving. You use the rear view mirror but you mostly drive by looking out at where you’re going.
  14. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  15. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  16. How to buy $10 stock for $5? Three things. Is it a wonderful business? What’s its value as a business? Is it on sale?
  17. You want certainty when you invest. The only way to be certain not to lose money is buy a $10 stock for $5. Which is what we do.
  18. How to buy $10 stock for $5? Three things. Is it a wonderful business? What’s its value as a business? Is it on sale?
  19. A durable business model means the business will overcome even incompetent management. Long term it will grow no matter what.
  20. Rule #1: Don’t lose money. That means ‘first, do no harm to your portfolio’. Why? If you lose 50% you have to gain 100% to break even.