The Most Important Thing
Uncommon Sense for The Thoughtful Investor
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Narrateur(s):
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John FitzGibbon
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Auteur(s):
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Howard Marks
À propos de cet audio
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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2012 Howard Marks (P)2012 Audible, Inc.Vous pourriez aussi aimer...
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Ce que les critiques en disent
brilliant
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Excellent advice if a bit repetitive
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Insight from a master in the game
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SPACS, NFT’s , meme stocks, all signs that the pendulum has swung too far.
The book is focused on the individual stocks, and there is no mention of DCA and the benefits.
All in all, will listen to it again.
A must for any investor
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Books that share a similar issue for me: Conscious Capitalism, The Intelligent Investor. Both have dreadfully deadpan readers. Like those, I'm better off just buying the actual book and reading them myself. A warning to anyone else who suffers from deadpan male boredom syndrome.
Monotone reader
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