霍华德•马克斯
总部位于洛杉矶的橡树资本管理有限公司(Oaktree Capital Management)主席与共同创始人,管理着800亿美元的投资公司资产,沃顿商学院金融学士,芝加哥大学会计与市场营销专业MBA。他投身顶级投资管理行业40年,跻身世界顶尖价值投资者之列。他的客户备忘录充满了富有洞察力的评论与久经考验的基本投资理念。如今,马克斯首次面向业余投资者和专业投资者,将其智慧集结成书,使广大读者从中获益。
发表于2024-11-02
The Most Important Thing Illuminated 2024 pdf epub mobi 电子书
【投资最重要的事】 第一章:如果你的想法和大众一样,那么你不可能成功。因为这是一个零和的博弈,你要赢,就得有人输。做投资你必须要有第二思维。 第二章:市场不总是有效的,无效的市场给了我们买入卖出的机会,投资就是要去找这些被错误定价了的机会,低估时买入,高估...
评分面对这个庞杂多变的世界,个人智识是渺小无力的。事物发展自有其规律。经济和资本市场是周期发展推进的,这一点已被认识和了解。当人们无视周期,从自身有限的经验出发,以近期表现预测长远发展,相信“这次不一样”,相信一切可以永远地持续下去,便埋下了祸根。 投资者决策不...
评分关于作者: 投资领域很好的一个方面就是有一个客观标准可以参考。不论理论说得如何天花乱坠,如果依此操作跑不赢市场,很大程度上便也没有什么说服力。(在很多政治哲学上的话题便难以有这样的标准了,各种主义在各说各话,谁也批驳不过谁,谁都认为别人说的没道理,却又都觉...
评分在豆瓣开了一个专栏,主要写投资自我管理方面,欢迎关注:http://read.douban.com/column/93927/ 作者在谈论风险的几章也让我有了一些想法。 现在用历史的价格的波动性来用于衡量风险,有几个认识: 1. 用价格的波动性来衡量风险确实有他的道理,因为所有的风险,都集中地表...
评分在豆瓣开了一个专栏,主要写投资自我管理方面,欢迎关注:http://read.douban.com/column/93927/ 作者在谈论风险的几章也让我有了一些想法。 现在用历史的价格的波动性来用于衡量风险,有几个认识: 1. 用价格的波动性来衡量风险确实有他的道理,因为所有的风险,都集中地表...
图书标签: 投资 金融 investing 经典 英文原版 value_investing 股票 金融与投资
Howard Marks's The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks's wisdom is joined by 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 his book's original themes and issues. A new chapter addresses the importance of reasonable expectations, and a foreword by Bruce C. Greenwald, called "a guru to Wall Street's gurus" by the New York Times, speaks on value investing, productivity, and the economics of information. *** Howard 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. "This is that rarity, a useful book."--Warren Buffett
The most important thing is second level thinking
评分再认真读一遍,以前一直有一种心态就是《霸王别姬》里小豆子那句“我什么时候也能成角?” 现在这种想法不在那么强烈了, 更淡定了?! 想了想,无论是投资、读书、喜欢一个人、表达自己的观点,其实都不用那么太“用力”的。
评分这本书其实可以和Graham 的The intelligent investor 呼应一下,改称The defensive investor. 如果相对获取高回报以及承担其伴随的风险,你更关心如何降低损失,强烈推荐这本书。可以先看最后一章,对书的结构有个大致的概念。
评分再认真读一遍,以前一直有一种心态就是《霸王别姬》里小豆子那句“我什么时候也能成角?” 现在这种想法不在那么强烈了, 更淡定了?! 想了想,无论是投资、读书、喜欢一个人、表达自己的观点,其实都不用那么太“用力”的。
评分中文看了两遍,英文又看了一遍
The Most Important Thing Illuminated 2024 pdf epub mobi 电子书