Phil Town explains key concepts to value investing in a simple and straight forward manner. Phil Town's valuation method has a solid foundation and I love how he explain complex topics in laymans terms. But if you're still skeptical than I suggest you listen to his podcast called InvestED. The only thing I can fault is he uses MSN Money multiple times for 10-year financial data, and to my current knowledge, MSN Money doesn't do that anymore.
This is also just my opinion but I believe this valuation method is best suited to American Stock Exchanges as Australias Stock Market has several key differences and operates differently to US exchanges. A couple of other setbacks you will encounter is that financial information is not always freely available in Australia and therefore you need to get accustomed to reading annual reports or pay a subscription-based service, the other setback is America's taxation is different from Australia's. We got a tax imputations credit system, as well as CGT based on how long the security is held, both these will impede the Phil Towns method. Please keep in mind this has nothing to do with the book and more on the Australian investing climate, just know he's an American investor, and as such most of his method of reducing or eliminating tax will no apply to Australia.
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