The Most Important Thing – Howard …

Set of 2nd 10 most important things as shared by Howard Marks in his book, “The Most Important Thing”, it talks about the following:

  • Contrarianism: Hugely Profitable investment which doesn’t begin with discomfort is an oxymoron!!
  • Finding Bargains: Knowing that Perception is often different from Reality
  • Patient Opportunism: Patience is a virtue difficult to attain
  • Knowing What You Don’t Know: Acknowledging one’s boundaries is the key
  • Have a Sense of Where We Stand: Knowing your present is the key!!
  • Appreciating the Role of Luck: Process >>> Outcome
  • Investing Defensively: Avoiding losers + Poor Years
  • Avoiding Pitfalls: Pitfalls to avoid, viz. Failure to imagine, Failure to recognize market cycles & Psychological errors
  • Adding Value: Often asymmetrical

Have tried to compile some of Howard’s best work via my hand-written notes here!

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