April 22nd, 2011 at 9:45 am
In their annual list of new ideas about how to make the most of your money, the editors from Money Magazine suggested reading The Most Important Thing: Uncommon Sense for the Thoughtful Investor, by Howard Marks.
Warren Buffett blurbed it — saying “This is a rarity, a useful book” — and as usual, he’s right. In “The Most Important Thing,” veteran value-investing manager Howard Marks draws on pithy memos he wrote to clients over the years to dispense insightful advice on everything from risk taking to the role of luck.
For more on the book, you can browse the book or read the chapter, The Most Important Thing Is … Understanding Marketing Efficiency and Its Limitations (pdf).