The Lunch Break Investor - Thomas Chua

'A clear, practical framework for building lasting wealth' – Gautam Baid, author, The Joys of Compounding'For anyone investing alongside a day job' – Chin Hui Leong, Co-Founder and Head of Investing, The Smart Investor'Thomas Chua is a clear thinker and a contrarian investor' – Robert Vinall, Fund Manager, RV Capital***Most of what passes for investing is actually speculation – buying on excitement, selling on fear, and getting nowhere.This book shows you how to shift from speculator to owner.Ronald Read was a janitor who never earned more than $8 an hour. He built a portfolio worth $8 million. Anne Scheiber was a tax auditor who started at 51 with $5,000 and turned it into $22 million. No finance degrees. No Bloomberg terminals. They owned great businesses and left them to compound.The Lunch Break Investor teaches you to do the same – in roughly one hour a day.Inside, you'll learn:Economic moats: the six types that determine whether a business will compound your wealth for decadesThe Lunch Break Valuation: a six-step method for working out what a business is worth, so you'll never overpay for stocks againThe Crayon Test: how to know whether you understand a business well enough to actually hit the buy buttonWhen to sell: and why the answer is almost never (unless one of these three rules is broken)The one-hour portfolio: how to build and manage 15 to 25 businesses without it taking over your lifeThe owner's mindset: the single shift that se
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