Howard Marks, author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor, was recently interviewed on CNBC.
Among other issues, Marks discussed the impossibility of intelligently investing in commodities; how best to value a company; and the prospects for the U.S. economy. Marks believes the coming years will not be prosperous in large part because of the tightening of credit.
See below for a video of his exclusive interview (start at the 4:00 mark). (You can also download an e-book version or individual chapters from the book via Columbia University Press Online Access.)