The Most Important Thing : : Uncommon Sense for the Thoughtful Investor / / Howard Marks.

"This is that rarity, a useful book."--Warren BuffettHoward 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...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013
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Place / Publishing House:New York, NY : : Columbia University Press, , [2011]
©2011
Year of Publication:2011
Language:English
Series:Columbia Business School Publishing
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Physical Description:1 online resource (200 p.)
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Table of Contents:
  • Frontmatter
  • Contents
  • Introduction
  • THE MOST IMPORTANT THING IS . . .
  • 1. Second- Level Th inking
  • 2. Understanding Market Effi ciency (and Its Limitations)
  • 3. Value
  • 4. The Relationship Between Price and Value
  • 5. Understanding Risk
  • 6. Recognizing Risk
  • 7. Controlling Risk
  • 8. Being Attentive to Cycles
  • 9. Awareness of the Pendulum
  • 10. Combating Negative Influences
  • 11. Contrarianism
  • 12. Finding Bargains
  • 13. Patient Opportunism
  • 14. Knowing What You Don't Know
  • 15. Having a Sense for Where We Stand
  • 16. Appreciating the Role of Luck
  • 17. Investing Defensively
  • 18. Avoiding Pitfalls
  • 19. Adding Value
  • 20. Pulling It All Together