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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Because chances to beat markets are scarce, successful investing demands truly perceptive thinking.
Chapter 3: Understanding how value and price interrelate is the true cornerstone of successful investing.
Chapter 4: Managing risk is a fundamental part of prudent investing.
Chapter 5: Stepping in at the bottom of a market cycle offers the greatest opportunities for gains.
Chapter 6: If you aim to make successful investments, defy the trend and hunt down unusual bargains.
Chapter 7: Since market forecasts are largely useless, investors should develop a solid understanding of the current economic situation.
Chapter 8: For investment success, avoid major analytical and psychological sources of error.
Chapter 9: Investment results often depend on random events, so choose an approach that well anticipates diverse scenarios.
Description
In The Most Important Thing, Howard Marks outlines the sometimes controversial investment philosophy that he developed and honed through many years of market experience. In his view, successful investment requires us to pay thoughtful attention to many different aspects of the current market, and too often use that information to counter the predominant trends.
Who Should Listen
- Anyone who wants to earn a profit through investing
- Anyone who wants to understand how financial markets work