You don't need to own a Kindle device to enjoy Kindle books. Download one of our FREE Kindle apps to start reading Kindle books on all your devices.

  • Apple
    Apple
  • Android
    Android
  • Windows Phone
    Windows Phone
  • Click here to download from Amazon appstore
    Android

To get the free app, enter your mobile phone number.

kcpAppSendButton

Buying Options

Kindle Price: $27.86
includes tax, if applicable

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Deliver to your Kindle or other device

<Embed>
The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) by [Marks, Howard, Paul Johnson]
Kindle App Ad

The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) Kindle Edition

5.0 out of 5 stars 3 customer reviews

See all 4 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle
$27.86

Length: 245 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English
  • Similar books to The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)

Kindle Daily Deal: Save at least 70%
Each day we unveil a new book deal at a specially discounted price - for that day only. See today's deal or sign up for the newsletter

Product description

Review

When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book.Praise for The Most Important Thing, Warren Buffett, Chairman and CEO, Berkshire HathawayIf you take an exceptional talent and have them obsess about value investing for several decades, including deep thinking about its very essence with written analysis along the way, you may come up with a book as useful to value investors as this one -- but don't count on it.Praise for The Most Important Thing, Jeremy Grantham, Cofounder and Chief Investment Strategist, Grantham Mayo Van OtterlooA clear and expert resource for all investors.Praise for The Most Important ThingKirkus ReviewsVeteran value-investing manager Howard Marks draws on pithy memos he wrote to clients over the years to dispense insightful advice on everything from risk taking to the role of luck.Praise for The Most Important ThingMoney Magazine

Product Description

Howard Marks's The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks's wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group).

These experts lend insight into such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Marks also adds his own annotations, expanding on his book's original themes and issues. A new chapter addresses the importance of reasonable expectations, and a foreword by Bruce C. Greenwald, called "a guru to Wall Street's gurus" by the New York Times, speaks on value investing, productivity, and the economics of information.

***

Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor.

Informed by a lifetime of experience and study, The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part creed, with a number of broad takeaways.

Marks expounds on such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Frankly and honestly assessing his own decisions--and occasional missteps--he provides valuable lessons for critical thinking, risk assessment, and investment strategy. Encouraging investors to be "contrarian," Marks wisely judges market cycles and achieves returns through aggressive yet measured action. Which element is the most essential? Successful investing requires thoughtful attention to many separate aspects, and each of Marks's subjects proves to be the most important thing.

"This is that rarity, a useful book."--Warren Buffett


Product details

  • Format: Kindle Edition
  • File Size: 1351 KB
  • Print Length: 245 pages
  • Publisher: Columbia University Press (15 January 2013)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B007SWH6OQ
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 5.0 out of 5 stars 3 customer reviews
  • Amazon Bestsellers Rank: #49,938 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
click to open popover

3 customer reviews

5.0 out of 5 stars

Review this product

Share your thoughts with other customers

Showing 1-3 of 3 reviews

6 March 2016
Format: Kindle EditionVerified Purchase
22 December 2016
Format: Kindle EditionVerified Purchase
11 August 2015
Format: Kindle EditionVerified Purchase

Most helpful customer reviews on Amazon.com

Amazon.com: 4.5 out of 5 stars 171 reviews
MLK
1.0 out of 5 starsNothing for investors or traders here. Move on to useful books
4 December 2018 - Published on Amazon.com
Verified Purchase
16 people found this helpful.
Andy Wallace
5.0 out of 5 starsThis book can save you from yourself when investing
17 February 2013 - Published on Amazon.com
Verified Purchase
93 people found this helpful.
Amazon Customer
4.0 out of 5 starsAn investment book for Students and Practionaires
15 December 2016 - Published on Amazon.com
Verified Purchase
10 people found this helpful.
Arun Garg
5.0 out of 5 starsI especially enjoyed his discussion of risk
21 September 2017 - Published on Amazon.com
Format: Kindle EditionVerified Purchase
5 people found this helpful.
WB Hill
4.0 out of 5 starsThe best book of investment advice
22 October 2018 - Published on Amazon.com
Format: Kindle EditionVerified Purchase
2 people found this helpful.