Summary of The Most Important Thing
Uncommon Sense for the Thoughtful Investor
The new case for value investing: a few cogent thoughts about risk management and the market.
Lifetime value investor Howard Marks has distilled his approach and experience into a concise, focused text that offers seasoned investment wisdom to those looking for a way forward in today’s financial markets. The book, a compilation of Marks’s investor newsletters, contains exceptional chapters on risk management, contrarian thinking and market psychology, as well as a cogent analysis of value investing. While it is somewhat repetitive, getAbstract recommends it to all serious investors who are interested in getting back to the “fundamentals” of investing.
In this summary, you will learn
- What it takes to become a “second-level” investor
- How to evaluate investment risk
- How to understand the essence of value investing
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