Download The Most Important Thing: Uncommon Sense for The Thoughtful Investor AudioBook Free
Howard Grades, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four generations spent ascending to the most notable of the investment management occupation, he is today sought out by the world's leading value buyers, and his consumer memos brim with insightful commentary and a time-tested, important school of thought. Now for the first time, all listeners can benefit from Marks's wisdom, concentrated into a single level that speaks to both novice and seasoned buyer. Informed by a lifetime of experience and analysis, The MOST SIGNIFICANT Thing talks about the keys to successful investment and the pitfalls that can eliminate capital or wreck a career. Using passages from his memos to demonstrate his ideas, Grades teaches by example, detailing the introduction of an investment school of thought that totally acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile market segments, Grades offers a level that is part memoir, part creed, with a number of wide-ranging takeaways. Grades expounds on such ideas as "second-level thinking", the price/value romance, patient opportunism, and protective investing. Honestly and honestly assessing his own decisions - and periodic missteps - he provides valuable lessons for critical thinking, risk assessment, and investment strategy. Encouraging buyers to be "contrarian", Grades sensibly judges market cycles and achieves dividends through hostile yet measured action. Which component is the most essential? Successful investing requires thoughtful focus on many individual aspects, and each of Marks's subjects proves to be the most important thing.
