Description
Investing is a risk an investor has to make. Thousands of books were published and are available at the self-help financial section of the different bookstores around the world. However, only a few of them give real and sound concepts and ideas about investing with reference to historical accounts. Howards Mark’s The Most Important Thing is a must-read book for those who want to unearth misconceptions and facts about investing. This book serves as a benchmark for investing books written and published as it presents radical ideas about investing that most people don’t realize. Also, investors who want to avoid the pitfalls of investing and its risky nature has to leaf through this book to pick wise and “uncommon” sense about investing.
Investors should make reading The Most Important Thing as a prerequisite in investing. The book has the potential to empower every investor to achieve clarity and truth about investing.
About the Author
Howard Marks finished his bachelor’s degree in Finance at Wharton School plus an MBA in Accounting and Marketing at the University of Chicago. Marks is the chairman and co-founder of Oaktree Capital Management, an investment firm situated in Los Angeles with $80 billion under management.
Table of Contents
The Most Important Thing is an eye-opener for investors containing the following topics:
Introduction
THE MOST IMPORTANT THING IS…
- Second-Level Thinking
- Understanding Market Efficiency (and Its Limitations)
- Value
- The Relationship Between Price and Value
- Understanding Risk
- Recognizing Risk
- Controlling Risk
- Being Attentive to Cycles
- Awareness of the Pendulum
- Combating Negative Influences
- Contrarianism
- Finding Bargains
- Patient Opportunism
- Knowing What You Don’t Know
- Having a Sense for Where We Stand
- Appreciating the Role of Luck
- Investing Defensively
- Avoiding Pitfalls
- Adding Value
- Pulling It All Together
