Howard Marks (L.P. Oaktree Capital Management)

Most Important Thing Illuminated

Uncommon Sense for the Thoughtful Investor

• Gebundenes Buch

Produktbeschreibung

In May of 2011, Columbia Business School Publishing published Howard Markss The Most Important Thing. Distilling the wisdom of Markss celebrated client memos into a single volume and, for the first time, making his time-tested investing philosophy available to general readers, the book was widely acclaimed by professional, casual, aspiring, and armchair investorsand became a business bestseller. Columbia Business School Publishing is announcing an innovative digital edition with a print version of Markss volume that allows readers to read the authors words alongside the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group). These experts lend insight into such concepts as second-level thinking, the price/value relationship, patient opportunism, and defensive investing. Marks also adds his own annotations, expanding on the books original themes and issues.

Produktdetails

• Verlag: Columbia University Press
• Seitenzahl: 248
• Erscheinungstermin: Februar 2013
• Englisch
• Abmessung: 236mm x 156mm x 27mm
• Gewicht: 470g
• ISBN-13: 9780231162845
• ISBN-10: 0231162847
• Artikelnr.: 35561235

Autorenporträt

Howard Marks is chairman and cofounder of Oaktree Capital Management, a Los Angeles-based investment firm with seventy-five billion dollars under management. He holds a bachelor's degree in finance from the Wharton School and an MBA in accounting and marketing from the University of Chicago. He is the author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor. Bruce C. Greenwald holds the Robert Heilbrunn Professorship of Finance and Asset Management at Columbia Business School and is the academic director of the Heilbrunn Center for Graham & Dodd Investing. He is the coauthor of The Curse of the Mogul: What's Wrong with the World's Leading Media Companies.

Inhaltsangabe

Introduction
The Most Important Thing Is...
1. Second-Level Thinking
2. Understanding Market Efficiency (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

Rezensionen

"When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book." ¿ Praise for The Most Important Thing, Warren Buffett, Chairman and CEO, Berkshire Hathaway