I got this letter a couple days ago from Mark that I want to share with everyone. He has a question about one of the 4M's from Rule #1 - Meaning.
Hi Phil Town. My name is Mark and I've been doing my best to learn as much as possible about Rule #1. One of your big tenets is Meaning. What does the company mean to me? I'm not entirely sure I'm all the way on board with this idea as my main goal is making money, and even an "Evil Empire" like Exxon or their ilk can make a guy a boat load of cash.Here's what Phil Town told Mark:
But I read one of your blog posts about how Karma can come back and haunt you. Have you ever read the book "The Secret" by Rhonda Byrne? If you have, do you agree with the idea about laws of attraction? Could this be why "Meaning" means so much in your investing model? If I see stocks that are doing well and have the right kind of numbers, do I say no to them just because I may have a moral qualm about them? Will the universe punish me for being greedy? :)
Anyway, I want to thank you for any time you can give me regarding this, and I hope that between RULE #1, the blog and my own research I can get a better understanding of how to find these great companies.