Download The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) PDF EPUB
Author: Howard Marks
Pages: 200
Size: 1.036,51 Kb
Publication Date: May 1,2011
Category: Analysis & Strategy
Howard Marks, the chairman and cofounder of Oaktree Capital Administration, is renowned for his insightful assessments of marketplace chance and risk. Which component is the most important? Frankly and truthfully assessing his very own decisions–and occasional missteps–he provides precious lessons for essential thinking, risk evaluation, and investment strategy. Effective investing requires thoughtful focus on many separate elements, and each of Marks’s topics proves to become the most important point. Making use of passages from his memos to illustrate his tips, Marks teaches by example, detailing the advancement of an expense philosophy that completely acknowledges the complexities of trading and the perils of the monetary globe. Brilliantly applying insight to today’s volatile marketplaces, Marks offers a quantity that’s part memoir, component creed, with several wide takeaways.
Marks expounds on such principles as “second-level considering,” the price/value relationship, individual opportunism, and protective investing. Today for the very first time, all visitors can reap the benefits of Marks’s wisdom, concentrated right into a single quantity that speaks to both amateur and seasoned trader. Encouraging investors to end up being “contrarian,” Marks wisely judges marketplace cycles and achieves returns through intense yet measured actions. After four years spent ascending to the very best of the investment administration profession, he’s today searched for by the world’s leading worth investors, and his customer memos brim with insightful commentary and a time-examined, fundamental philosophy.
Informed by an eternity of experience and research, THE MOST CRUCIAL Thing clarifies the keys to effective expense and the pitfalls that may damage capital or ruin a profession.
“That is that rarity, a good publication.”–Warren Buffett