Ratings2
Average rating3.5
Growing up, the words finance, savings, and portfolio made Danielle Town's eyes glaze over, and the thought of stocks and financial statements shut down her brain. The daughter of a successful investor and financial author, Phil Town, she spent most of her adult life avoiding investing -- until she realized that her time-consuming career as lawyer was making her feel anything but in control of her life or her money. Determined to regain her freedom, vote for her values with her money, and deal with her fear of the unpredictable stock market, she turned to her father, Phil, to help her take charge of her life and her future through Warren Buffett-style value investing. Over the course of a year, Danielle went from avoiding everything to do with the financial industrial complex to knowing exactly how and when to invest in wonderful companies. Now Danielle shows you how to do the same: how to take command of your own life and finances by choosing companies with missions that match your values, using the same gold standard strategies that have catapulted Warren Buffet and Charlie Munger to the top of the Forbes 400. Avoiding complex math and obsolete financial models, she turns her father's investing knowledge into twelve easy-to understand lessons. In each chapter, Danielle examines the investment strategies she mastered as her increasing know-how deepens the trust between her and her father. Throughout, she streamlines the process of making wise financial decisions and shows you just how easy -- and profitable -- investing can be.
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This is hard to rate, so I'm leaving it at a solid 3.
First of all, I listened to the audiobook narrated by Danielle Town, with occasional comments by her father, Phil Town.
There are some helpful points in this book. For example, this is the clearest explanation I've had yet about evaluating the cost of a stock and the psychology you need behind buying/selling. Specifically on understanding that it's not just about the price right now, but a mix of the future cost and what you are losing by inflation.
Now to the negatives. There was so much personal story intertwined with the educational material. It felt like the book couldn't decide what it wanted to be: biography or educational book. Personally, I would have preferred 1/2 of the biography conversations be cut. They weren't necessary and took away from the useful information that the audience is here for.
Overall, I was unimpressed with the majority of the book, but there were some key points that I'm grateful to have read. The best way I can describe it is: far from perfect, but still provides some useful information.