The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Marks, Howard

The Most Important Thing: Uncommon Sense for the Thoughtful Investor

"This is that rarity, a useful book."--Warren Buffett Howard Marks, the chairman and cofounder of Oaktree Capital...
$67.83 AUD
$67.83 AUD
SKU: 9780231153683
Product Type: Books
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Author: Howard Marks
Format: Hardcover
Language: English
Subtotal: $67.83
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The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Marks, Howard

The Most Important Thing: Uncommon Sense for the Thoughtful Investor

$67.83

The Most Important Thing: Uncommon Sense for the Thoughtful Investor

$67.83
Author: Howard Marks
Format: Hardcover
Language: English
"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.

Author: Howard Marks
Publisher: Columbia Business School Publishing
Published: 05/01/2011
Pages: 200
Binding Type: Hardcover
Weight: 0.95lbs
Size: 9.24h x 6.34w x 0.83d
ISBN: 9780231153683


Review Citation(s):
Kirkus Reviews 05/01/2011

About the Author
Howard Marks is chairman and cofounder of Oaktree Capital Management, a Los Angeles-based investment firm with $80 billion under management. He holds a Bachelor's Degree in finance from the Wharton School and an MBA in accounting and marketing from the University of Chicago.

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