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The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) by [Marks, Howard]
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The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) Kindle Edition

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Length: 196 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Audible Narration:
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Language: English
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Product description


'This is that rarity, a useful book.' -- Warren Buffett'Everyone knows about the anticipation leading up to Warren Buffett's annual shareholder letters. But for a certain Wall Street set, there are equally high expectations for the writings of Howard Marks.'

Product Description

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

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.

Product details

  • Format: Kindle Edition
  • File Size: 909 KB
  • Print Length: 196 pages
  • Publisher: Columbia University Press (1 May 2011)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B004U5Q1O0
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #31,033 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Most helpful customer reviews on 4.4 out of 5 stars 160 reviews
4.0 out of 5 starsGood, not great
16 March 2016 - Published on
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4.0 out of 5 starsA few good ideas repeated over and over and over and over and...
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Gaurav Juneja
4.0 out of 5 starsPhilosophy of Value Investinng
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Michael Vanbuskirk
5.0 out of 5 starsThoughtful, entertaining and helpful as can be
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Sepehr Moravej
5.0 out of 5 starsGreat resource for the value investor
17 November 2018 - Published on
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