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Phil Town

Founder, Rule #1 Investing · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorauthorfounderhost@Rule1_Investing ↗LinkedIn ↗ruleoneinvesting.com ↗Wikipedia ↗

Phil Town is an American value investor who teaches Warren Buffett–style investing strategies through his educational firm, Rule #1 Investing. He is widely recognized as the author of New York Times bestselling books including Rule #1, Payback Time, and Invested, and co-hosts the InvestED podcast.

10statements → 4claims → 1claims resolved → 4/5average certainty → 2.6/5average debate potential → ≈4.5/5argument clarity, estimated → 10said about them ↓

0 supported 1 partly supported 0 contradicted 3 not checkable as stated how the 4 claims stand · each chip opens the sources

1 prediction · 3 assertions · 2 opinions · 3 insights · 1 disclosure · every statement was checked. The prediction and assertions are the 4 claims: statements the public record can support or contradict. 1 is resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Phil argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Phil Town on measured tape to publish a rate. This says nothing about how they speak.

Everything Phil Town said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Phil Town: Modern Portfolio Theory Math Caused the 2008 Crash
“And modern portfolio theory math is what happened to the country in 2008. It's the same math that created the giant meltdown in, in mortgage bonds.”
Phil Town Feb 16, 2017 ▶ 6:30 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Prediction Not checkable as stated
Phil Town: 4–5% Index Returns Will Leave Millions Struggling in Retirement
“A five percent return or a four percent return, whatever the index is going to do over the next 20 years, is going to leave an enormous piece of America struggling to survive in retirement.”
Phil Town Feb 16, 2017 ▶ 7:56 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Insight
Phil Town: Investing Is Buying Something You Understand for Below Value
“There's no difference between investing in a franchise, starting your own company, buying public stocks, buying private companies. There's no difference whatsoever. Investing is simply buying something that you understand for less than it's worth.”
Phil Town Feb 16, 2017 ▶ 12:35 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Opinion
Phil Town: Most People Are Merely Speculating With Their 401(k)s
“Everything else is just absolute speculation. And that's what most people are doing with their four or one case. They're speculating.”
Phil Town Feb 16, 2017 ▶ 15:26 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Insight
Phil Town: Options trading is fundamental to good investing today
“So when I'm doing options trading, for example, which is fundamental, I think, to good investing these days, particularly this market, I know I'm going to lose some investments.”
Phil Town Feb 16, 2017 ▶ 16:17 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Insight
Town: Greedy public company management teams are value investing's biggest risk
“Where we usually end up with trouble is that the management team, whoever's running it turned out to be a bunch of greedy bastards. And then you can get in trouble because they can do things that you don't, they shouldn't do. And they do it for their own benef…”
Phil Town Feb 16, 2017 ▶ 21:47 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Assertion Partly supported
Town: Ben Graham Averaged 22% Annual Returns Through Depression and WWII
“Ben Graham, who sort of developed the ideas of value investing back in the thirties and forties, when he made about 22% per year through the depression in World War II, with what amounts to, in today's dollars, a billion dollar fund”
Phil Town Feb 16, 2017 ▶ 2:58 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Assertion Not checkable as stated
Phil Town: 45-Year-Olds Need $2.5M to Retire on $50K Annually
“For example, somebody who's 45 years old right now, who wants to retire in 20 years, is going to need about two and a half million dollars in in retirement capital to make it to 90 years old, spending In today's capital, in today's dollars, about 50,000 a year…”
Phil Town Feb 16, 2017 ▶ 8:32 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Disclosure
Phil Town: Fund manages under $100M in outside capital
“We're under a hundred million, so we're not very large by those standards, but what we've started doing recently is simply manage money through separately managed accounts.”
Phil Town Feb 16, 2017 ▶ 4:27 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town
Assertion Not checkable as stated
Phil Town: Wall Street ignores accounts under $100,000
“The way Wall Street works is that if you have under a 100,000 dollars, almost no one's interested in managing your account.”
Phil Town Feb 16, 2017 ▶ 5:35 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town

The other half of the tape: Phil Town's own voice is left out of every number here. Other people bring the name up 9 times in 2 episodes on Top Founders. 1 statement on the record names them. every mention, with the transcript →

Who brings them up most Nathan Latka 9

Statements about Phil Town, by other people (1)

Assertion Not checkable as stated
Latka: Phil Town Turned $1,000 Into $1.5 Million in Five Years
“And folks, what Phil specifically did is he turned a grand into 1.4 or five million bucks in five years.”
Nathan Latka Feb 16, 2017 ▶ 3:35 EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town

Every mention by year

tap a year for its mentions
00511022017episodesmentions
0122017episodes it came up in
002.51522017episodesmentions per episode
2017 9 mentions in 2 episodes 5 per episode

Appearances (1)

EpisodeDateSpeaking time
EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town Feb 16, 2017 16m
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