 Rule #1 investing
I just finished Rule #1 investing by Phil Town. He writes about how anyone can easily see 15% returns by not diversifying but by picking the right stocks when they are undervalued and then selling when they're over valued (like Warren Buffet). While this makes a lot of sense in theory I think he gives a very unrealistic outlook on how much work/research this will require. I don't buy that you can do this in 15 minutes a week like he claims. I tried to go through his system (which is very complex and difficult to pull off) and spent hours spinning my wheels--and I feel I'm a fairly competent "normal person." Read this book if you want to pick up some more strategies on how to pick stocks but definitely don't pick it up if you think getting rich will only require 15 minutes a week.
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