If you've read any of Morgan Housel's work on The Collaborative Fund, then you know that he is one of the most-knowledgable money handlers in the business. Where Can You Buy it: ' One Up On Wall Street' Best Financial Management Book: 'The Psychology of Money' by Morgan Housel We truly feel it is the best investing book to begin your journey.įavorite Quote: "Know what you own, and know why you own it" His demystification of the stock market for the small retail investor is something we try to emulate here at MyWallSt. Lynch's narrative gives a perspective that is devoid of intimidation and trepidation. 'One Up On Wall Street' is a must for anyone thinking of getting started in buying stocks. Averaging almost 30% annual return, the Magellan Fund was the most successful mutual fund in the world. Lynch writes from his own personal experience, having gone from an intern at Fidelity Investments to growing a small mutual fund called the Magellan Fund from $18 million to $14 billion over the course of 23 years. The three main tenets of the book are: investing opportunities are everywhere, buy what you know, hold for the long term. This book is the cornerstone of our investment strategy here at MyWallSt, and one that our staff practices in their personal portfolios as well. We've made a list of the best investing books, all of which will make you think like an investor.Ĭheck out the rest of our Think Like an Investor Series:īest Investing Book: 'One Up On Wall Street' by Peter Lynch Whether or not it's during your 9-5, reading should be the number one tool in your arsenal. Now I know as CEO and Chairman of Berkshire Hathaway ( NYSE: BRK.B) he may have a bit more control over his workday than you or I, but his quest to constantly add to his vast wealth of knowledge is one every investor should aspire to match. Warren Buffett spends 80% of his working day reading.
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