The Most Important Thing

(Howard Marks)

The philosophy of a great investor is built on a daily basis, through mistakes and successes. But what if someone who went through this could teach us?

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Highlights from this book summary:

In investing, most people consistently do the wrong thing at the wrong time. We must be wary of common sense;

We must understand market cycles;

Not respecting risk is a recipe for failure;

Avoiding a bad investment is more important than taking advantage of a good opportunity;

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