About Phil Town
Today Phil Town is a multi-millionaire and one of America's most sought-after speakers on investing. But Phil isn't your typical Wall Street investment guy. In fact, his journey to this rather enviable position is anything but typical.
Outdoorsy and adventurous, Phil completed college then served three and a half years in the U.S. Army as a Green Beret. Returning from the Vietnam War, Phil worked as a river rafting guide in the Grand Canyon for several years. Basically living out of a sleeping bag, Phil subsisted at the poverty level, combining his seasonal income from guiding with unemployment wages.
Then one day in 1980, Phil's life changed forever. Guiding trustees from the educational program "Outward Bound" down the nastiest rapid on the Colorado River, Phil made split-second decisions that saved them from a whitewater disaster. A grateful and financially astute client returned the favor by taking him under his wing and teaching him investment strategies based on Warren Buffett's famous first rule of investing: Don't lose money. An apt pupil, Town began to apply those investment principles and eventually became a multi-millionaire.
In 2006, Phil successfully captured his personal financial strategy in his first book, RULE #1, creating an instant New York Times best seller. With his friendly, common sense approach, Phil gave readers a guide to stock trading that nearly any investor, new or veteran, could readily apply.
Phil Town has appeared on a variety of financial television programs. He is a popular guest on MSNBC and CNBC. Watch highlights from some of Phil’s recent television appearances.
Phil Town Predicts Stock Market Crash with Maria Bartiromo on CNBC.
Other Videos of Phil Town in the media
About Payback Time
In his first book, Rule #1, popular investing author Phil Town delivered a #1 New York Times bestseller to people eager to learn to trade the stock market. Now, Phil has captured the mechanics of stockpiling, a classic buy-and-hold strategy used by some of the world's savviest investors to create long-term wealth in down markets.
Called Payback Time, Phil outlines his investment strategy specifically to educate "the little guy," teaching fundamentals that can help identify what he terms "wonderful companies" and then learn to purchase those companies' stocks at a discount.
In his friendly, straightforward way, Phil motivates readers to take charge of their investments. Bluntly sharing facts about the poor investment returns of many mutual funds managers, Phil teaches people how they can potentially recoup their portfolio losses and retire comfortably - in spite of today's current economic downturn.