Jump to ContentJump to Main Navigation

You are looking at 1-7 of 7 items

  • Keywords: second-level thinking x
Clear All Modify Search

View:

The Most Important Thing Is … Second-Level Thinking

Howard Marks

in The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231153683
eISBN:
9780231527095
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231153683.003.0001
Subject:
Economics and Finance, Financial Economics

This chapter describes an important requirement for successful investing: second-level thinking. Would-be investors can take courses in finance and accounting, read widely and, if they are fortunate, ... More


The Most Important Thing Is … Second-Level Thinking

Howard Marks

in The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

Published in print:
2013
Published Online:
November 2015
ISBN:
9780231162845
eISBN:
9780231530798
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231162845.003.0001
Subject:
Economics and Finance, Financial Economics

This chapter discusses an important requirement for successful investing: second-level thinking. Investing, like economics, is more art than science. One must remember how essential it is for one’s ... More


The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Howard Marks

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231153683
eISBN:
9780231527095
Item type:
book
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231153683.001.0001
Subject:
Economics and Finance, Financial Economics

After four decades spent ascending to the top of the investment management profession, the author of this book is today sought out by the world's leading value investors, and his client memos brim ... More


The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

Howard Marks

Published in print:
2013
Published Online:
November 2015
ISBN:
9780231162845
eISBN:
9780231530798
Item type:
book
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231162845.001.0001
Subject:
Economics and Finance, Financial Economics

In The Most Important Thing investing insight of this book’s author’s celebrated client memos was distilled into a single text and made his philosophy available to general readers. In this book, this ... More


The Most Important Thing Is … Understanding Market Efficiency (and Its Limitations)

Howard Marks

in The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

Published in print:
2013
Published Online:
November 2015
ISBN:
9780231162845
eISBN:
9780231530798
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231162845.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter considers an important need for successful investing: understanding market efficiency and its limitations. The 1960s saw the emergence of a new theory of finance and investing, a body of ... More


The Most Important Thing Is … Contrarianism

Howard Marks

in The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

Published in print:
2013
Published Online:
November 2015
ISBN:
9780231162845
eISBN:
9780231530798
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231162845.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter looks at what is crucial for successful investing: contrarianism. Superior investing requires second-level thinking—a way of thinking that is different from that of others, more complex ... More


The Most Important Thing Is … Contrarianism

Howard Marks

in The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231153683
eISBN:
9780231527095
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231153683.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter examines another crucial factor for successful investing: contrarianism. Most investors follow trends. Superior investors are the exact opposite. Superior investing requires second-level ... More


View: