The Most Important Thing Illuminated
Uncommon Sense for the Thoughtful Investor
NEW, Revised Edition!
By Howard Marks
"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."– Warren Buffett
"Marks and his firm, which focuses on debt and real estate investments, are highly respected—and highly successful. Savvy investors, including Buffett, have long enjoyed his memos for his insights into risk, successful investing, and the investing environment...An efficient way to capture the essence of Marks' thinking is to read his book, The Most Important Thing: Uncommon Sense for the Thoughtful Investor. If you enjoyed Nassim Taleb's Fooled by Randomness or The Black Swan, you're certain to enjoy it; I have my copy, and I think all investors should read it."– The Motley Fool
"Few books on investing match the high standards set by Howard Marks in The Most Important Thing. It is wise, witty, and laced with historical perspective. If you seek to avoid the pitfalls of investing, you must read this book!"– John C. Bogle, Founder and former CEO, The Vanguard Group
Net proceeds from sales of The Most Important Thing go to benefit The Munger Research Center of the Huntington Library in San Marino, California.