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Official YouTube channel of Phil Town and Rule #1 Investing. Phil Town is an Investment Advisor, Hedge Fund Manager, 3x New York Times Best-Selling Author of Rule #1, Payback Time, and Invested, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

The Rule was first set by Columbia University’s Benjamin Graham and then, more famously, adhered to by Graham’s student and the world’s most successful professional investor—Warren Buffett. According to Buffett, “There are only two rules of investing: Rule #1: Don’t lose money . . . and Rule #2: Don’t forget Rule #1.”

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