The Most Important Thing

By Howard Marks,

Book cover of The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Book description

"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…

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Why read it?

1 author picked The Most Important Thing as one of their favorite books. Why do they recommend it?

Forget bromides such as buying a stock because your experience with the company’s product has been good. The hugely successful money manager Howard Marks makes the essential point that the goal is not to find good companies but to make good purchases. “It’s not what you buy,” he says, “it’s what you pay for it.”  Investors who are interested in good outcomes rather than thrills will find many more sound principles in this book.

From Martin's list on investing from a money manager.

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