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EAN-139780307336842   EAN-13 barcode 9780307336842
Product NameRule #1: The Simple Strategy For Successful Investing In Only 15 Minutes A Week!
LanguageEnglish
CategoryBook / Magazine / Publication
Short DescriptionPaperback
Amazon.comA Buy on Amazon ~ 0307336840
Price New8.50 US Dollars    (curriencies)
Price Used0.25 US Dollars    (curriencies)
Width0.9 inches    (convert)
Height9.3 inches    (convert)
Length6.1 inches    (convert)
Weight15.68 ounces    (convert)
AuthorPhil Town
Page Count336
BindingPaperback
Published08/28/2007
Long DescriptionIn this book, self-made millionaire Phil Towns will show you how he turned $1,000 into $1 million in only five years, and then proceeded to make many millions more.

Before I became “Phil Town, teacher of investing principles to more than 500,000 people a year,” I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time job. Me, I was more interested in having full-time fun.

So I was tempted to do what you’re probably doing right now: letting some mutual fund manager worry about growing your nest egg. Let me tell you why that decision could one day make you absolutely miserable.

The fact is, because of natural market cycles, the mutual fund industry is likely to soon be facing twenty years of flat returns. That means that if you’ve got your nest egg tucked away in funds—especially the type found in most 401ks—your egg won’t get much bigger than it is now. Translation: Get ready for a retirement filled with lots of cold cuts, plenty of quality TV-watching time, and a place to live that’s too small to accommodate your visiting kids.

I came to investing as a person who wasn’t great at math, possessed zero extra cash, and wanted a life—not an extra three hours of work to do every day. Fortunately, I was introduced to The Rule.

Rule #1, as famed investor Warren Buffett will tell you, is don’t lose money. Through an intriguing process that I’ll clarify in this book, not losing money results in making more money than you ever imagined. What it comes down to is buying shares of companies only when the numbers—and the intangibles—are on your side. If that sounds too good to be true, it’s because the mind-set I’ll be introducing you to leads not to bets but to certainties. Believe me, if there were anything genius-level about this, I’d still be a river guide collecting unemployment much of the year.

Part of the secret is thinking of yourself as a business owner rather than a stock investor. Part is taking advantage of today’s new Internet tools, which drastically reduce the “homework factor.” (We’re talking a few minutes, tops.) Part is knowing the only five numbers that really count in valuing a potential investment. And part—maybe the most important part—is using the risk-free Rule #1 approach to consistently pay a mere 50 cents to buy a dollar’s worth of a business.

What I won’t waste your time with is fluff: a lot of vague parables reminding you of what you already know and leaving you exactly where you started. This is the real deal, folks: a start-to-finish, one-baby-step-at-a-time approach that will allow you to retire ten years sooner than you planned, with more creature comforts than you ever imagined.
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Barcodes are a graphical representation of information that can be easily read by machines. People read text easy enough but machines find this to be too complex so we use barcodes to simplify the process.

Barcodes can store numbers, letters and all the special characters. What can be stored in the barcode depends on which type of barcode is being used. But the basics of how a barcode works is the same regardless of what type of code it is, what information is stored in the barcode or what type of scanner is being used.

barcode scanIt all starts with the scan. The scanner, regardless of which type you are using, will examine the barcode image. The lines (or blocks in the case of 2D barcodes) will either reflect or absorb light. When we look at the barcode, we tend to see the dark stripes and think of those as the important parts. Those are the parts that absorb the light and the white parts reflect the light. So the scanners tend to see the barcodes in reverse of how we think of them. But the dark and light portions of the code on their own don't automatically become the information stored in the code. In most cases, it is the relative placement and size of each dark and light stripe (or block) that make up the information. There are also special markers that help the scanner know which direction the barcode is facing when it is scanned. This allows the scanning process to work even if the barcode is upside down when it is scanned. The scanner simply processes the scanned data in reverse in this case.

barcode oscolloscopeTaking a look at an oscolloscope screen as a scanner passes over barcode, you can see that the stripes reflect back light and the scanner registers the changes as high and low levels. So what looks like a simple image is really a rather complex set of layered encryption to store the data. The encryption isn't done to hide the information in this case. Instead it is done to make it easy for the machine to read the information. Since the base language of machines is binary (1 and 0) it is easy for them to read this type of information even if it takes several steps to turn this back into something that people can understand.

binaryThe size of each high and low are combined to make binary data. A series of 1 (one) and 0 (zero) values which are strung together then decoded into the actual information. Up to this point, the process is the same for all barcodes regardless of how they are stored. Getting the lines or dots into binary is the easy part for the machine. The next step is to make this binary code into something useful to people. That step depends on  which type of barcode is being scanned. Each type of barcode has its own encoding methode. Just like human languages, what seems to be two similar words (or barcodes in this case) could actually be two very different values even though they have the same basic letters (or bars).

So you can see that the scanning devices need to know not only how to turn the bars or dots into binary, but after they have done that they need to know how to turn that binary string into the original information. But regardless of the encoding process the basic steps are the same. Process the light and dark areas, convert them to binary, decode the binary, pass the information on to the receiving device which is normally a computer program of some sort.

Once the decoded data reaches the computer program, there is no telling how the information is to be used. The grocery store will use the information to keep track of the products you purchased as you go through the register. A manufacturer will use the code to identify where they are storing their parts. And shipping companies use the codes to keep track of the packages they are delivering.

Now that you know a little about the mechanical portion of the process, take some time to learn about the different types of barcode scanners and the different ways the information can be encoded into barcodes.

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