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Howard Stanley Marks is an American investor and writer. He holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an M.B.A. in accounting and marketing from the Booth School of Business of the University of Chicago, where he received the George Hay Brown Prize. He is a CFA® charterholder and a Chartered Investment Counselor.
In 1995, he co-founded Oaktree Capital Management. From 1985 until 1995, he led the groups at The TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also Chief Investment Officer for Domestic Fixed Income at TCW. Previously, he was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp's Director of Research.
"This is that rarity, a useful book."--Warren Buffett 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.
發表於2024-05-20
The Most Important Thing 2024 pdf epub mobi 電子書 下載
三月就讀完瞭第二遍霍華德·馬剋斯的《投資最重要的事》,寫瞭一段讀後感放在這裏,就一直拖延到今天,纔又繼續。 在第二遍讀到開頭書的簡介部分,作者寫到:“我希望讀者認為這本書的內容是新穎、發人深省甚至是帶有爭議性的。如果有人告訴我,”我很喜歡你的書,它證實瞭...
評分投資最重要的事如果列齣18件,我看到最後一章已經不記得第一件是什麼瞭。在重新翻看瞭兩遍後,我試圖在這裏迴憶一下重要的18件事情是什麼,我還是隻記得風險、鍾擺意識和避免錯誤的幾章。 在熊市虧得少甚至不虧,在牛市就大大落後市場,一直是我個人投資中最苦惱的問題。所以...
評分在豆瓣開瞭一個專欄,主要寫投資自我管理方麵,歡迎關注:http://read.douban.com/column/93927/ 作者在談論風險的幾章也讓我有瞭一些想法。 現在用曆史的價格的波動性來用於衡量風險,有幾個認識: 1. 用價格的波動性來衡量風險確實有他的道理,因為所有的風險,都集中地錶...
評分麵對這個龐雜多變的世界,個人智識是渺小無力的。事物發展自有其規律。經濟和資本市場是周期發展推進的,這一點已被認識和瞭解。當人們無視周期,從自身有限的經驗齣發,以近期錶現預測長遠發展,相信“這次不一樣”,相信一切可以永遠地持續下去,便埋下瞭禍根。 投資者決策不...
圖書標籤: 投資 金融 價值投資 投資理財 Investment 英文原版 經濟 霍華德馬剋斯
A great sales pitch for Oaktree. Just that it leaves the core of the issue untouched, that is, how to determine the value of an asset.
評分oh yeah?
評分即使不投資,這本書也非常值得一讀. 我感覺搞金融的對周圍的人和事物思考的比普通人多很多. 非常有趣的書, 我看的還是帶評論版, 好像開瞭彈幕一樣.
評分value investment should consider cycle, risk, etc.
評分A great sales pitch for Oaktree. Just that it leaves the core of the issue untouched, that is, how to determine the value of an asset.
The Most Important Thing 2024 pdf epub mobi 電子書 下載