
The Most Important Thing
Uncommon Sense for The Thoughtful Investor
Failed to add items
Add to basket failed.
Add to Wish List failed.
Remove from Wish List failed.
Follow podcast failed
Unfollow podcast failed
Buy Now for $21.99
-
Narrated by:
-
John FitzGibbon
-
By:
-
Howard Marks
About this listen
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 listeners 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. Using 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.
Download the accompanying reference guide.©2012 Howard Marks (P)2012 Audible, Inc.Critic Reviews
Sage investment advice from a renowned investor
Something went wrong. Please try again in a few minutes.
Don’t follow the herd!
Must read for investors
Something went wrong. Please try again in a few minutes.
I am not a trader and never have been, but do believe much of what is being discussed can be related to most aspects of life.
A book I will listen to again many times
Something went wrong. Please try again in a few minutes.
Priceless Book
Something went wrong. Please try again in a few minutes.
Great book on investment
Something went wrong. Please try again in a few minutes.