Book Review of Invested by Danielle and Phil Town

09/15/2023 03:12 PM By Sandra Park

Invested: A Journey Towards Financial Freedom

My book club's recent selection was "Invested," which offers readers a 12-month roadmap to financial freedom. Its tagline is "How Warren Buffet and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a little help from my Dad)". At its heart, this is the transformative journey of Danielle, a woman initially reluctant about the financial world, despite being the daughter of an investment advisor.

Finding herself drained from the taxing hours of her legal career, and subsequent health concerns, Danielle begins to see the allure of financial freedom through stock market investing. She turns to her father for guidance, a self taught advocate of the value investing principles championed by Warren Buffett and Charlie Munger.

Over a year, her father meticulously sketches out a plan. This isn't just about mimicking the investment choices of Buffett and Munger, but about truly understanding the essence of their approach. A poignant lesson he imparts is the idea of "voting with your money," emphasizing that our investments should resonate with our values and convictions.

The book's structure mirrors their journey, with each chapter dedicated to a month's plan. As readers, we are invited to immerse ourselves in tasks like dissecting company financial statements, reading all of Warren Buffett's shareholder letters since 1977, and researching the leadership of potential investment targets.

While "Invested" is a riveting tale of empowerment through a beginner's eyes contrasting the newbie, scared daughter with the seasoned, more experienced father, I must admit, some readers might find the depth and intricacy of the tasks daunting. However, for those willing to plunge in, it promises a profound understanding of investing for those who are willing to put that much effort and time to invest like the greats.

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Sandra Park

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