The Most Important Thing

"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.

Produk Detail:

  • Author : Howard Marks
  • Publisher : Columbia University Press
  • Pages : 192 pages
  • ISBN : 0231527098
  • Rating : 2.5/5 from 3 reviews
CLICK HERE TO GET THIS BOOKThe Most Important Thing

The Most Important Thing

The Most Important Thing
  • Author : Howard Marks
  • Publisher : Columbia University Press
  • Release : 01 May 2011
GET THIS BOOKThe Most Important Thing

"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

The Most Important Thing Illuminated

The Most Important Thing Illuminated
  • Author : Howard Marks
  • Publisher : Columbia University Press
  • Release : 08 January 2013
GET THIS BOOKThe Most Important Thing Illuminated

Distilling the wisdom of Marks' celebrated client memos into a single volume and, for the first time, making his time-tested investing philosophy available to general readers, this book has been widely acclaimed by professional, casual, aspiring, and armchair investors.

The Curse of the Mogul

The Curse of the Mogul
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  • Publisher : Penguin
  • Release : 15 October 2009
GET THIS BOOKThe Curse of the Mogul

If Rupert Murdoch and Sumner Redstone are so smart, why are their stocks long-term losers? We live in the age of big Media, with the celebrity moguls telling us that "content is king." But for all the excitement, glamour, drama, and publicity they produce, why can't these moguls and their companies manage to deliver better returns than you'd get from closing your eyes and throwing a dart? The Curse of the Mogul lays bare the inexcusable financial performance beneath big

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Pitch the Perfect Investment
  • Author : Paul D. Sonkin,Paul Johnson
  • Publisher : John Wiley & Sons
  • Release : 24 August 2017
GET THIS BOOKPitch the Perfect Investment

Learn the overlooked skill that is essential to Wall Street success Pitch the Perfect Investment combines investment analysis with persuasion and sales to teach you the "soft skill" so crucial to success in the financial markets. Written by the leading authorities in investment pitching, this book shows you how to develop and exploit the essential, career-advancing skill of pitching value-creating ideas to win over clients and investors. You'll gain world-class insight into search strategy, data collection and research, securities analysis,

Value Investing

Value Investing
  • Author : James Montier
  • Publisher : John Wiley & Sons
  • Release : 09 February 2010
GET THIS BOOKValue Investing

"As with his weekly column, James Montier's Value Investing is a must read for all students of the financial markets. In short order, Montier shreds the 'efficient market hypothesis', elucidates the pertinence of behavioral finance, and explains the crucial difference between investment process and investment outcomes. Montier makes his arguments with clear insight and spirited good humor, and then backs them up with cold hard facts. Buy this book for yourself, and for anyone you know who cares about their

Everything Is Illuminated

Everything Is Illuminated
  • Author : Jonathan Safran Foer
  • Publisher : HarperCollins
  • Release : 03 September 2013
GET THIS BOOKEverything Is Illuminated

NEW YORK TIMES BESTSELLER. Jonathan Safran Foer's debut—"a funny, moving...deeply felt novel about the dangers of confronting the past and the redemption that comes with laughing at it, even when that seems all but impossible." (Time) With only a yellowing photograph in hand, a young man—also named Jonathan Safran Foer—sets out to find the woman who might or might not have saved his grandfather from the Nazis. Accompanied by an old man haunted by memories of

Mastering The Market Cycle

Mastering The Market Cycle
  • Author : Howard Marks
  • Publisher : Hachette UK
  • Release : 04 October 2018
GET THIS BOOKMastering The Market Cycle

NEW YORK TIMES BESTSELLER "Mastering the Market Cycle is a must-read" Ray Dalio "When I see memos from Howard Marks in my mail, they're the first thing I open and read" Warren Buffett "Howard is a legendary investor" Tony Robbins Economies, companies and markets operate in accordance with patterns which are influenced by naturally occurring events combined with human psychology and behaviour. The wisest investors learn to appreciate these rhythms and identify the best opportunities to take actions which will

The Book Thief

The Book Thief
  • Author : Markus Zusak
  • Publisher : Knopf Books for Young Readers
  • Release : 18 December 2007
GET THIS BOOKThe Book Thief

#1 NEW YORK TIMES BESTSELLER • ONE OF TIME MAGAZINE’S 100 BEST YA BOOKS OF ALL TIME The extraordinary, beloved novel about the ability of books to feed the soul even in the darkest of times. When Death has a story to tell, you listen. It is 1939. Nazi Germany. The country is holding its breath. Death has never been busier, and will become busier still. Liesel Meminger is a foster girl living outside of Munich, who scratches out a meager existence for

Against the Gods

Against the Gods
  • Author : Peter L. Bernstein
  • Publisher : John Wiley & Sons
  • Release : 11 September 2012
GET THIS BOOKAgainst the Gods

A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." —The New York Times "An extraordinarily entertaining and informative book." —The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." —Business Week "Deserves to be, and surely will be, widely read." —

The Gorilla Game

The Gorilla Game
  • Author : Geoffrey A. Moore
  • Publisher : HarperBusiness
  • Release : 11 March 1998
GET THIS BOOKThe Gorilla Game

The possibilities are staggering: Had you invested $10,000 in Cisco Systems in early 1990, your investment would not be worth $1,285.000. Similarly, a $10,000 investment made in Microsoft in 1986 would be valued at more than $1,800,000 today. How do you get in on those deals -- especially if you're not a Silicon Valley insider? How do you buy the high-tech winners and avoid the losers? How do you find the Microsofts and Ciscos of tomorrow? The answers are here, in The Gorilla Game. All you

Fahrenheit 451

Fahrenheit 451
  • Author : Ray Bradbury
  • Publisher : Simon and Schuster
  • Release : 17 May 2022
GET THIS BOOKFahrenheit 451

A totalitarian regime has ordered all books to be destroyed, but one of the book burners suddenly realizes their merit.

Sophie's World

Sophie's World
  • Author : Jostein Gaarder
  • Publisher : Farrar, Straus and Giroux
  • Release : 20 March 2007
GET THIS BOOKSophie's World

One day Sophie comes home from school to find two questions in her mail: "Who are you?" and "Where does the world come from?" Before she knows it she is enrolled in a correspondence course with a mysterious philosopher. Thus begins Jostein Gaarder's unique novel, which is not only a mystery, but also a complete and entertaining history of philosophy.

Expectations Investing

Expectations Investing
  • Author : Alfred Rappaport,Michael J. Mauboussin,Peter L. Bernstein
  • Publisher : Harvard Business Press
  • Release : 01 February 2003
GET THIS BOOKExpectations Investing

Expectations Investing is well worth picking up. -Financial Executive Expectations Investing offers a fundamentally new alternative for identifying value-price gaps, built around a deceptively simple and obvious tool: a company's stock price. The authors walk readers step-by-step through their breakthrough method, revealing how portfolio managers, security analysts, investment advisors, and individual investors can more accurately evaluate established and "new economy" stocks alike-and translate shareholder value from theory to reality. AUTHORBIO: Alfred Rappaport directs Shareholder Value Research for L.E.K.

The Hedgehog and the Fox

The Hedgehog and the Fox
  • Author : Isaiah Berlin
  • Publisher : Princeton University Press
  • Release : 02 June 2013
GET THIS BOOKThe Hedgehog and the Fox

"The fox knows many things, but the hedgehog knows one big thing." This ancient Greek aphorism, preserved in a fragment from the poet Archilochus, describes the central thesis of Isaiah Berlin's masterly essay on Leo Tolstoy and the philosophy of history, the subject of the epilogue to War and Peace. Although there have been many interpretations of the adage, Berlin uses it to mark a fundamental distinction between human beings who are fascinated by the infinite variety of things and

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Poor Charlie's Almanack
  • Author : Charles T. Munger
  • Publisher : Donning Company Pub
  • Release : 17 May 2022
GET THIS BOOKPoor Charlie's Almanack

Charles Munger is Warren Buffett decade's long business partner, and his investment filter, jokingly called by Mr. Buffett - the abominable no man. The early pages cover Munger's family history, his framework for investing [wait for the fat pitches, and assess each opportunity using rational, rigorous frameworks drawn from multiple disciplines (and not finance theory!)], and even some warm testaments from family, friends and colleagues. The next section, assembled by leading investor Whitney Tilson, is well edited and benefits from