The great Warren Buffett christened ‘The Intelligent Investor’ as “the best book on investing ever written”, but what does that guy know? I’m sure you’re much more interested in hearing my two cents on the matter. Where Can You Buy It: ‘ The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness’ Best Value Investing Book: ‘The Intelligent Investor’ by Benjamin Graham It’s about consistently not screwing up.” Easy to read, enjoyable, and insightful, there is nobody who does financial management better than Housel.įavorite quote: “Good investing is not necessarily about making good decisions. If you were to read just one book about money management for the rest of your life, this would be the one. Condensed into a compact 20 lessons, Housel draws from relevant real-life experiences and gives them an insightful spin, while also drawing distinctions between terms that might not seem so different on the surface - riches vs. While many financial books can feel tome-like and bogged down in figures and charts, Morgan Housel’s inaugural book is one of the easiest and most-relatable books about managing your wealth that you could find. 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.
Best Investing Book: ‘One Up On Wall Street’ by Peter Lynch
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