Buy new:
$35.59
List Price: $43.99
Save: $8.40 (19%)
FREE delivery Thursday, March 30. Details
Or fastest delivery Wednesday, March 29. Order within 12 hrs 15 mins. Details
Only 1 left in stock (more on the way)
[{"displayPrice":"$35.59","priceAmount":35.59,"currencySymbol":"$","integerValue":"35","decimalSeparator":".","fractionalValue":"59","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"2KMQZbj%2Bd%2FMuSh1z8tI74RAU6JuedTN2Jn9TcEVJKcBeSJ0isToRVKfvxVaufC97weuZ7h2nh8tMo2OdINRxiceFX60SXmVoxeijs7MqL%2Bdt6H5CKJjz4raZDOT9t5jwg7qTKlABNpQ%3D","locale":"en-CA","buyingOptionType":"NEW"}]
$$35.59 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$35.59
Subtotal
Initial payment breakdown
Shipping cost, delivery date and order total (including tax) shown at checkout.
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Ships from and sold by Amazon.ca.
The Most Important Thing:... has been added to your Cart
Have one to sell?
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet or computer – no Kindle device required. Learn more

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera, scan the code below and download the Kindle app.

QR code to download the Kindle app

Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more

Follow the Author

Something went wrong. Please try your request again later.

The Most Important Thing: Uncommon Sense for The Thoughtful Investor MP3 CD – Unabridged, March 8 2016

4.6 out of 5 stars 2,766 ratings

Amazon Price
New from Used from
Kindle Edition
MP3 CD, Audiobook, MP3 Audio, Unabridged
$35.59
$27.57

Enhance your purchase

Product description

About the Author

Howard Marks is chairman and cofounder of Oaktree Capital Management, a Los Angeles–based investment firm with $80 billion under management. He holds a bachelor’s degree in finance from the Wharton School and an MBA in accounting and marketing from the University of Chicago.

Product details

  • Publisher ‏ : ‎ Audible Studios on Brilliance Audio; Unabridged edition (March 8 2016)
  • Language ‏ : ‎ English
  • ISBN-10 ‏ : ‎ 151138347X
  • ISBN-13 ‏ : ‎ 978-1511383479
  • Item weight ‏ : ‎ 99 g
  • Dimensions ‏ : ‎ 17.15 x 13.97 x 1.27 cm
  • Customer Reviews:
    4.6 out of 5 stars 2,766 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Howard Marks is chairman and cofounder of Oaktree Capital Management, a

Los Angeles-based investment firm with $80 billion under management. He

holds a Bachelor's Degree in finance from the Wharton School and an MBA

in accounting and marketing from the University of Chicago.

Customer reviews

4.6 out of 5 stars
4.6 out of 5
2,766 global ratings

Top reviews from Canada

Reviewed in Canada 🇨🇦 on February 21, 2023
Verified Purchase
Reviewed in Canada 🇨🇦 on January 14, 2020
Verified Purchase
7 people found this helpful
Report abuse
Reviewed in Canada 🇨🇦 on August 4, 2021
Verified Purchase
Reviewed in Canada 🇨🇦 on October 31, 2022
Verified Purchase
Reviewed in Canada 🇨🇦 on April 27, 2020
Verified Purchase
Reviewed in Canada 🇨🇦 on December 12, 2020
Verified Purchase
Reviewed in Canada 🇨🇦 on June 22, 2017
Verified Purchase
Reviewed in Canada 🇨🇦 on January 16, 2020
Verified Purchase

Top reviews from other countries

Djilly L.
3.0 out of 5 stars Didn't grow my wealth yet
Reviewed in the United Kingdom 🇬🇧 on March 29, 2019
Verified Purchase
Customer image
Djilly L.
3.0 out of 5 stars Didn't grow my wealth yet
Reviewed in the United Kingdom 🇬🇧 on March 29, 2019
This book is not so much about fancy academic financial calculations. Nor does it provide a single trick that guarantees astronomical profits. However it does go back to the basics and stresses several key principles for survival in financial markets. As such, there is not a single important thing in investing, to which I do agree. I was less pleased with the endless references to Wharton, and the books from Taleb and Warren Buffet that most people with interest in the subject will have read.

The book addresses topics like market psychology (go against the crowd at extreme ends of investor psychology), the asymmetrical relationship between gains vs losses (you need a 100% gain to recover from a 50% loss), estimates, economical cycles, behaviour, risk management. And the differences between loser's game and winner's game, or the difference between offense and defence.

The book is more a collection of market comments and thoughts from his frequent letters and a memoir of his career. Each chapter is fairly brief and informative, although my thoughts drifted away with a certain frequency in the first half of the book. All in all it is a decent recap but not overly revealing. If you fail to realise you need to take risk, be contrarian and that you need come up with unique ideas to generate excess performance as an investor you would have been ramping up losses or been out of business soon.

As an style-agnostic active equity fund manager of a fairly sizeable pool of AuM I didn’t always agree with the author’s arguments as a value investor. But it was helpful to see some basic principles phrased. And I developed more sympathy towards the end of the book, but more so because it's there that the author alludes more to core principles that I and my team have stuck to for the past few decades. But there wasn't anything new or that we haven't brought in practice. As such it's more an instruction for new or retail investors about how successful asset mangers think, act and operate. But then you wonder what they would do with the concept of ‘alpha’ or where they would get their unique insight or ‘second level of understanding’ to make proper investment decisions.. Also all these concepts are helpful and meaningful but don't expect to learn 'how' to invest i.e. there is nothing about the what the author calls the 'micro approach' the selection and actual analysis of assets and investments, while he repeatedly tresses that such fundamental research and analysis is key to successful investment returns.
Images in this review
Customer image Customer image
Customer imageCustomer image
14 people found this helpful
Report abuse
Robert ‘Bob’ Macespera
5.0 out of 5 stars A superb lesson on investing
Reviewed in the United Kingdom 🇬🇧 on February 20, 2023
Verified Purchase
Gaurav Sharma
5.0 out of 5 stars A wonderful book for those interested in learning about investing
Reviewed in India 🇮🇳 on December 30, 2018
Verified Purchase
50 people found this helpful
Report abuse
Mark
5.0 out of 5 stars A brilliant book but not for your first investment book
Reviewed in the United Kingdom 🇬🇧 on November 17, 2012
Verified Purchase
39 people found this helpful
Report abuse
G Singh
5.0 out of 5 stars The Most Important Thing is Read This Book
Reviewed in the United Kingdom 🇬🇧 on December 25, 2020
Verified Purchase
3 people found this helpful
Report abuse