In this video, we'll review the top 3 most important things from Howard Mark's book, The Most Important Thing – see what I did there.
If you're unfamiliar with Howard Marks, let me inform you that he's up there with investment heavyweights like Warren Buffett and Peter Lynch.
Buffett encouraged Marks to write this book - talk about a stamp of approval!
We'll also cover interesting topics from the book such as:
• Why the majority of popularly held market beliefs are usually incorrect.
• Why market projections are often unhelpful, even when they are right.
• And why psychology is so important in market cycles.
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Check out the Investing Book Summaries Playlist here for more valuable information:
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Timestamps:
0:00 - Introduction
0:33 - Takeaway 1 – Risk
2:29 - Takeaway 2 – Cycles
5:05 - Takeaway 2 – Contrarianism
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