THE MOST IMPORTANT THING (BY HOWARD MARKS)
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Published 2019-04-17
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In this animated video summary of The Most Important Thing, I will reveal the best stock market advice from the man who have mastered the market cycles, Howard Marks.
Learn to invest like the world’s greatest – Warren Buffett: bit.ly/2RT5per
Top 5 takeaways from Howard Mark’s The Most Important Thing:
00:00 Intro
01:22 1. Risk: Understand, recognize, and control it
05:25 2. Be aware of the cycles
07:40 3. Mind your psychological influences
09:58 4. Don’t be a sheep in a herd
12:02 5. The role of chance
TL;DW:
- Pay attention to risk! Control risk by figuring out what an asset is worth and compare that to what it costs. Insist on a margin of safety
- Think about where in the market cycle we’re at. Is the market greedy of fearful?
- Avoid psycological errors by focusing on fundamentals
- Only dead fish follow the stream – be a contrarian. Zoom out and use the movement of the herd to your advantage.
- Remember: Some bad decisions produce good outcomes. Therefore - an investment decision can never be judged on its outcome alone.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
All Comments (21)
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Learn to invest like the world’s greatest – Warren Buffett: bit.ly/2RT5per
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Risk and Psychological management are the most important thing in investing.
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Man. You are amazing. Making so awesome books summaries. Saving lots of time. Keep it up. I have watched most of your videos!!!
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1. Risk Understand, recognize, controlling risk 2. Be aware of the cycles 3. Mind your psychological influences 4. Don't be a sheep in a herd(contrarion thinking) 5. The role of chance ( protect your downside)
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Finished the book today. Totally worth the read!!
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Loved this book. I think of howard marks as a mentor of mine. Obvisouly, i have never met him but through his books, memos and youtube videos i became a disciple. Has anyone noticed how down to earth and humble he is?
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Thanks for marking things easy to undersand. This way of learning is the best way to start learning
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Hey, i just found your channel and i absolutly love it. You give out so much value. I am writing everything that you summarize down. Absolutly love it. Actually feel kinda bad not to read the books myself ;) I hope you keep up the great work and get out the respect you deserve for the kinda value you produce in the future!
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7:25 well, he was right.
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I highly appreciated your effort for making this video. it enlightened me to vast knowledge a bout investment.following you might be best advice
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Can you recommend a book related to macroeconomics and financial market? I found the economy is reaching a turning point which requires a change in asset allocation. Thanks!
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A suggestion: Nate Silver - The signal and the noise. Not sure if it's easy to do in 5 categories, it's about statistics & probabilities. So poker and stocks basically ;)
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Thank you for this channel it is so so so helpful ...
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Love your work. Thanks for the great efforts. You really make it so much easier to choose which books to buy and get more info. God bless you
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Much appreciated as usual! Keep the great work up :)
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Thank you for all your videos. I would have never found a lot of these books. This one sounds real good.
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Thanks for your vids. Love all of them. I hope you live well.
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How do you make so many of these videos? Even a 5 minute one takes me forever!
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thank you for your amazing channel
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Great video, thank you! Gonna buy the book for sure
