My ideal reader ranges from the average investor who shops at Walmart to the more sophisticated investor who talks to his broker on a regular basis.
Atlanta, GA (PRWEB) March 19, 2010
Financial advocate and bestselling author Phil Town’s newly released book on investing, Payback Time, held the number one spot for hardcover non-fiction on the New York Times bestseller list for the second week in a row.
Payback Time has held the number one spot on the New York Times bestseller list for books sales ending the week of March 6 and the week of March 13.
In his book, Town explains an investment strategy he calls “stockpiling,” a modern approach to value investing that is akin to that used by successful investors like Warren Buffett and Carlos Slim, and describes methods to identify and value what Town terms “wonderful companies” with the goal of buying them at a significant discount to their intrinsic values.
“When I wrote this book, I estimated my market place to be 50 million people,” Town stated. “My ideal reader ranges from the average investor who shops at Walmart to the more sophisticated investor who talks to his broker on a regular basis. The range is enormous and I love that because all of us share one common concern – we care about our financial health.”
Town believes that his book can help investors at any skill level learn how to research, analyze and choose stocks that can potentially produce profitable long-term returns. Payback Time, in combination with Town’s new educational enterprise, supports Town’s investor revolution, which is designed to encourage individuals to consider taking back the management of their investment capital from mutual funds.
For more information about Phil Town and his new book, Payback Time, please visit his website at http://www.PaybackTime.com.