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"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 leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers 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. Utilizing 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.

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Price Summary

  • We started tracking this book on April 22, 2011.
  • This book was $9.99 when we started tracking it.
  • The price of this book has changed 157 times in the past 2,889 days.
  • The current price of this book is $14.21 last checked 12 hours ago.
  • This lowest price this book has been offered at in the past six months is $9.57.
  • This lowest price this book has been offered at in the past year is $8.54.
  • The lowest price to date was $7.16 last reached on July 27, 2011.
  • This book has been $7.16 one time since we started tracking it.
  • The highest price to date was $17.40 last reached on July 2, 2018.
  • This book has been $17.40 one time since we started tracking it.

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Additional Info

  • Publication Date: May 1, 2011
  • Text-to-Speech: Enabled
  • Lending: Disabled
  • Print Length: 196 Pages
  • File Size: 961 KB

We last verified the price of this book about 12 hours ago. At that time, the price was $14.21. This price is subject to change. The price displayed on the Amazon.com website at the time of purchase is the price you will pay for this book. Please confirm the price before making any purchases.