Introduction
1. For twenty years Howard Marks has been educating investors with his "Memos from the chariman" and in writing the The Most Important Thing, Marks drew from these memos to compile the most important lessons he has learned as an investor. The memos form the core of this book.
2. Three seasoned investors - Christopher Davis, Joel Greenblatt, and Seth Klarman and Columbia Business School adjunct professor, Paul John share there insights in this book along with Howard Marks
3. This book is primarily about what I call "the human side of investing". It does not offer much on financial analysis or investment theory - more how to think and how to deal with the psychological influences that interfere with investment thinking and a lot about the mistakes others make in their thinking
4. What are the keys to your sucess - an effective philisophy, developed and honed over more than four decades and implemented conscientiously by highly skilled individuals who share culture and values
5. One cannot develop an effective philisophy without having been exposed to life's lessons.
7. Experience is what you got when you didnt get what you wanted
1. For twenty years Howard Marks has been educating investors with his "Memos from the chariman" and in writing the The Most Important Thing, Marks drew from these memos to compile the most important lessons he has learned as an investor. The memos form the core of this book.
2. Three seasoned investors - Christopher Davis, Joel Greenblatt, and Seth Klarman and Columbia Business School adjunct professor, Paul John share there insights in this book along with Howard Marks
3. This book is primarily about what I call "the human side of investing". It does not offer much on financial analysis or investment theory - more how to think and how to deal with the psychological influences that interfere with investment thinking and a lot about the mistakes others make in their thinking
4. What are the keys to your sucess - an effective philisophy, developed and honed over more than four decades and implemented conscientiously by highly skilled individuals who share culture and values
5. One cannot develop an effective philisophy without having been exposed to life's lessons.
7. Experience is what you got when you didnt get what you wanted