Try free for 30 days
-
The Most Important Thing
- Uncommon Sense for The Thoughtful Investor
- Narrated by: John FitzGibbon
- Length: 7 hrs and 9 mins
Failed to add items
Add to basket failed.
Add to Wish List failed.
Remove from Wish List failed.
Follow podcast failed
Unfollow podcast failed
The Most Important Thing
Buy Now for $21.99
No valid payment method on file.
We are sorry. We are not allowed to sell this product with the selected payment method
Publisher's Summary
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.
Critic Reviews
What listeners say about The Most Important Thing
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Fiona
- 19-10-2020
Sage investment advice from a renowned investor
This is a book worth reading several times over as well as returning to at times when you feel tempted to step beyond the investment strategy you have set for yourself. It’s about self discipline, ‘second level’ thinking, margin of safety and contrarianism. I found it educative and enjoyable. It’s well narrated.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Hawk!
- 11-07-2022
Must read for investors
This is the book all investors need to read and have in their library to go back and review/read every now and then.
Don’t follow the herd!
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- IRB
- 13-10-2020
A book I will listen to again many times
This was a spur of the moment purchase to listen to on a road trip. I found the subject content fascinating and the really enjoyed the narration.
I am not a trader and never have been, but do believe much of what is being discussed can be related to most aspects of life.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
1 person found this helpful
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Anonymous User
- 04-07-2020
Priceless Book
For traders and investors this should be required reading. Excellent narration conveys timeless principles that will keep your wealth accumulating in any market. I consider this book to be financial scripture.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Segey Bondar
- 19-08-2023
Great book on investment
An amazing book full of investment wisdom. Highly recommend to every aspiring active investor. Also, very easy to follow in the audiobook format.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!