Cost: 1300 (2500)
+60 Magical Power
+200 Mana
+20 MP5
PASSIVE - You permanently gain 12 Mana per Stack, and receive 5 Stacks for a god kill and 1 Stack per 900 Damage Dealt to minions or 450 Damage Dealt to gods. You gain Magical Power equal to 4% of your Mana from items. At 50 Stacks this item Evolves, gaining 10 Magical Penetration and increasing the Magical Power gained from Mana to 7%.
EVOLVED BOOK OF THOTH (max stacks):
+60 Magical Power
+10 Magical Penetration
+800 Mana
+20 MP5
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UNLESS you're building Book of the Dead in your build when also building Book of Thoth you DO NOT have to prioritise Shoes of Focus over Shoes of the Magi, especially when you're looking for more damage, because the pen from Magi shoes is worth more than the slight extra power the mana from CDR boots will give.
18PWR from 200MP is nothing. BoT gives 170PWR when evolved, highest DMG item.
I'd wait till 5th item for BoD, if I get it.
To get the most out of the (since reworked) Thoth, you want at least 1 or 2 mana+power items to go alongside it (though there are some non-power exceptions, like Breastplate of Valor - but that's a situational pickup, great on some gods like Hel when building Book of Thoth).
The point is BoT isn't awful on it's own, it's just not as potent by itself as it was last season, and you get the most out of it when building mana+power items like (reaver, CDR shoes, poly, book of dead etc...). When non-stacking build paths exist, there isn't as much of a priority on stacking Thoth, especially when you aren't synergy building with it.
I did wonder how's BoT + BoD + Urchin ... though BoD is supposed to be our Def item.
If you need mana for Thoth's passive and needs cdr as well, why the hell build Magi over Focus?
Advantages: Very high power and mana at full stacks.
Disadvantages: High cost. Requires stacking.
Restrictions: Magical gods only. Banned in Assault mode.
Discussion: This item should be built no later than item #3 (and often as the 1st item), as it requires stacking and is perfect for laning stages of slower modes like Conquest. Allows for high damage and ability spamming without much fear of running out of mana.