cam a22 5 4500 551421061 CHVBK 20201018170131.0 m | d | cr cn||||||||| 181214s2011 nyu fod z0 eng d 1-283-07280-7 9786613072801 0-231-52709-8 10.7312/mark15368 doi (VAUD)991021318134102852 (NEBIS)011058259 (CKB)2670000000080906 (EBL)908344 (OCoLC)743405329 (SSID)ssj0000485990 (PQKBManifestationID)11347172 (PQKBTitleCode)TC0000485990 (PQKBWorkID)10430214 (PQKB)10503961 (StDuBDS)EDZ0000455047 (MiAaPQ)EBC908344 (OCoLC)979626514 (DE-B1597)9780231527095 (EXLCZ)992670000000080906 (DE-B1597)459097 (OCoLC)726824487 DE-B1597 eng DE-B1597 rda eng nyu US-NY HG4521 .M3216 2011eb BUS036000 bisacsh 332.6 23 Marks Howard author. The Most Important Thing Uncommon Sense for the Thoughtful Investor Howard Marks New York, NY Columbia University Press [2011] ©2011 1 online resource (195 p.) Columbia Business School Publishing Description based upon print version of record. 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 "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 is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor.Informed by a lifetime of experience and study, The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part creed, with a number of broad takeaways. Marks expounds on such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Frankly and honestly assessing his own decisions--and occasional missteps--he provides valuable lessons for critical thinking, risk assessment, and investment strategy. Encouraging investors to be "contrarian," Marks wisely judges market cycles and achieves returns through aggressive yet measured action. Which element is the most essential? Successful investing requires thoughtful attention to many separate aspects, and each of Marks's subjects proves to be the most important thing. Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019) Investments Investment analysis Risk management Portfolio management CAPITAL MARKET eng (ETHUDK)000060051 ethudk INVESTMENTS eng (ETHUDK)000010319 ethudk PORTFOLIO MANAGEMENT (BUSINESS MANAGEMENT) eng (ETHUDK)000060201 ethudk RISK ANALYSIS (BUSINESS ECONOMICS) eng (ETHUDK)000060480 ethudk u INVESTMENTS eng 330,09.04 nebis E1 u PORTFOLIO MANAGEMENT (BUSINESS MANAGEMENT) eng 65,02.04.022 nebis E1 u CAPITAL MARKET eng 330,09.032.1 nebis E1 u RISK ANALYSIS (BUSINESS ECONOMICS) eng 65,02.04.013 nebis E1 u INVESTITIONEN ger 330,09.04 nebis E1 u INVESTISSEMENTS fre 330,09.04 nebis E1 u PORTFOLIO MANAGEMENT (UNTERNEHMENSFÜHRUNG) ger 65,02.04.022 nebis E1 u GESTION DE PORTEFEUILLE (GESTION D'ENTREPRISE) fre 65,02.04.022 nebis E1 u KAPITALMARKT ger 330,09.032.1 nebis E1 u MARCHÉ DES CAPITAUX fre 330,09.032.1 nebis E1 u RISIKOANALYSE (BETRIEBSWIRTSCHAFT) ger 65,02.04.013 nebis E1 u ANALYSE DES RISQUES (ÉCONOMIE D'ENTREPRISE) fre 65,02.04.013 nebis E1 0-231-15368-6 BK020053 XK020053 XK020000 EText nebis ED E01-DeGruyter201710 nebis ER noalma ids I 171 E01-20181029 VAUD els els - - NEBIS E01 E01 EL VAUD 100 1- Marks Howard author VAUD 490 0- Columbia Business School Publishing VAUD 776 0- 0-231-15368-6 NEBIS 100 1- Marks Howard 1946- (DE-588)1012426300 Verfasser aut NEBIS 490 0- Columbia Business School Publishing NEBIS 856 -- http://sfx.ethz.ch/sfx_locater?sid=ALEPH:EBI01&genre=book&isbn=9780231527095 Online via SFX SWISSBIB 172359708