Rule 1 Investing

Okay, the website seems like a real time-waster, but the book is okay - I guess..

Shooting for 15% a year is a noble goal. Throwing $5m away on NEXT because Steve Jobs is the boss shows you in a poor light of course.

The mnemonic : Me-Mo Ma-Ma : Meaning-Moat Management-Margin

• Does the company have meaning for you - would you be passionate about owning it?
• Does the company have a moat to ward off invaders?
• Does the co have excellent management?
• Does the investment have enough safety margin - are you getting it for 50c per $?

If you can answer yes, then buy and sell when it's fairly priced.

To Phil Town's credit, he might have some tangible stuff in the Rule #1 for 401K Investing... I downloaded it but haven't had time to look at it.. He mentions some small cap growth funds I think.