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When I first heard of Phil Town, I must say that I am very excited to learn more about him as I find that his teachings matches my kind of investment beliefs. So, Rule #1 was the book that I was most excited to get my hands on of all investment books.
Many things in this book are already outdated, especially the information you can find MSN. Because of that, I had trouble finding the information needed so that I can apply his Rule #1. Nonetheless, I really learned a lot from this book, not just the technical part but also the story-telling part, and I believe it is suitable for novice investors. But more experience investors may find it a little too basic.