#11070
Mentioned in 3 episodes
The most important thing illuminated
Book • 2012
In this book, Howard Marks compiles his memos into 19 key concepts for successful investing.
He stresses the importance of second-level thinking, which involves considering not just the obvious but also the less apparent implications of investment decisions.
Marks emphasizes risk management, noting that good times often teach bad lessons about risk and that successful investing requires a disciplined and adaptive approach.
He also discusses the concept of value investing, highlighting that buying assets at a price below their intrinsic value is a reliable path to investment profit.
The book underscores the need for contrarian thinking and the ability to act against the consensus to achieve above-average returns.
He stresses the importance of second-level thinking, which involves considering not just the obvious but also the less apparent implications of investment decisions.
Marks emphasizes risk management, noting that good times often teach bad lessons about risk and that successful investing requires a disciplined and adaptive approach.
He also discusses the concept of value investing, highlighting that buying assets at a price below their intrinsic value is a reliable path to investment profit.
The book underscores the need for contrarian thinking and the ability to act against the consensus to achieve above-average returns.
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Mentioned in 3 episodes
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Matthew Peterson
25 snips
Matthew Peterson: From 6,500 Stocks to 400: What AI Learned Watching Buffett and 99 Other Legends -- How proprietary technology eliminates 95% of research by tracking billion-dollar portfolio moves
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William Green
13 snips
RWH002: Investing Wisely in an Uncertain World w/ Howard Marks
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Andrew Hart
58 - CUC: Completely Unnecessary Complications
