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The Most Important Thing
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The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Howard Marks

Abstract

After four decades spent ascending to the top of the investment management profession, the author of this book 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. Informed by the author's experience and study, this book 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, the author teaches by example, detailing the development of an investment philosophy that fully acknowledges the c ... More

Keywords: investment management, successful investment, investment philosophy, financial world, second-level thinking, price/value relationship, defensive investing, risk assessment, investment strategy, critical thinking

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780231153683
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231153683.001.0001

Authors

Affiliations are at time of print publication.

Howard Marks, author
Oaktree Capital Management, L.P.

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