With 211 ratings
By: Danielle Town, Phil Town, et al.
Purchased At: $16.99
In this essential handbook - a blend of Rich Dad, Poor Dad and The Happiness Project - the cohost of the wildly popular InvestED podcast shares her yearlong journey learning to invest, as taught to her by her father, investor and best-selling author Phil Town.
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 best-selling financial author of Rule #1, Phil Town, she spent most of her adult life avoiding investing - until she realized that her time-consuming career as a 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.
In Invested, 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 12 easy-to-understand lessons.
In each chapter Danielle examines the investment strategies she mastered as her increasing know-how deepened 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.
Capturing a warm, charming, and down-to-earth give and take between a headstrong daughter and her mostly patient dad, Invested makes the complex world of investing simple, straightforward, and approachable and will help you formulate your own investment plan - and foster the confidence to put it into action. Supplemental enhancement PDF accompanies the audiobook.
In addition to reading the books, I've been a follower of Phil and Danielle's INVESTED podcast and attended one of Phil's weekend workshops. So I began reading Invested with some curiosity but also with the expectation that I wouldn't learn anything new. With regard to the bottom-line Rule #1 approach, my expectations were validated to some extent - but what INVESTED did do was add clarity to this investing approach as well as force me to look at it from a fresh perspective.
INVESTED will also appeal to those who love a good story. All of the book is written from the perspective of Danielle who, despite the fact that her father is a very successful investor, never had any interest in investing herself. The book really is her story about her life and how it came to be that she came to the realization that she needed to learn how to invest in order to free herself from her financial shackles; her emotions as she began to learn from her father; the frustrations that come with learning a new skill; and then the elation that comes from having mastered that skill.
Overall, it was an enjoyable and informational read that will appeal to anyone.
Now repeat the above for about 100 pages and you get a sense of what I mean by fluff in the book.
When she finally gets down to showing how to evaluate a company, like he dad’s book, they go on for page after page on how to do approximate calculations in your head. Hey, you kno what - people have calculators now. Every computer has a spreadsheet. How about showing a formula? Can’t do that - the book would be too short.
Pass on this book.
As an avid fan of the Rule One podcast, I loved reading about the evolution of both Phil and Danielle Town's relationship getting better through the practice of investing. For anyone who has listened to the podcasts, you can see just how much she has developed as an investor which is a lovely aspect to read about. From all the investing books I have read I like the focus of the narrative on transforming one's self through the commitment to the practice. Furthermore for anyone who has read Guy Spiers book on the Education of a value Investor the narrative flows as beautifully in this book as it does in his. For anyone who has not read Guy's book I strongly recommend you go on to reading it after reading Danielle's Invested: you will certainly be a better person for it. The principles of value investing go far wider than investing in stocks and can help educate you on multiple aspects of your life.
Overall a truly wonderful book to read and I must thank both Danielle and Phil for taking their time to educate individuals like myself.
I’ve followed the podcast and struggled with its lack of focus when looking to recommend it to friends - this book is the perfect solution. It tells a great story of Danielle and her fathers relationship in a way that is truly relatable and helps take away the guilt and shame of not knowing the questions to ask or being afraid to ask them about how to invest.
This is a great book for anyone looking to learn about investing - even if they didn’t think they’d ever need to learn about it. The concepts still require work from the reader if they are truly new to business to be able to learn, but the book gives presents the path for the reader to walk along with Danielle on her journey. I highly recommend this book!
Could be condensed into 2-3 chapters of value investing knowledge, but the story around makes it hard to take concise notes and focus on the investing part.
Good start for someone who wants to read a story and take away some great value.
Thanks for the great read guys 🙄
Well done danielle town and phil town
I highly recommend it!