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In The Most Important Thing, legendary investor Howard Marks distils a lifetime of investment wisdom into a single, indispensable guide. As the chairman and co-founder of Oaktree Capital Management, with $100 billion under management, Marks is revered for his insightful memos and a philosophy ground...

NEW YORK TIMES BESTSELLERMastering the Market Cycle by Howard Marks is an essential reading for anyone interested in the world of investing and finance. Renowned for his ability to distil complex market trends into comprehensible insights, Marks provides readers with a comprehensive guide to underst...

"This is that rarity, a useful book."—Warren BuffettHoward 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 ...

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...