The Most Important Thing: Uncommon Sense for The Thoughtful Investor Paperback – 25 August 2018

Book that is easy to understand, written in simple language.This book gives clear explanations for all readers. Its simple style makes complex topics easy to grasp. The author's straightforward approach is refreshing and engaging. Readers will appreciate the concise and well-structured sentences. It's a perfect choice for anyone seeking a clear and understandable read.

Hardcover - very nice quality- content too very good

Easy to understand for everyone ... Hardly technical ... Mostly Common Sense that is Easy to remember and Relevant Always ... Irrespective of which year as live in .

The book doesn't talk about the technicals, mostly the behavioral aspects of investing & always to buy value. Logical & concise read. The quality of book & pages is one of the best of my recent buys.

This is an outstanding book by Mr. Howard marks, where he expounds his investment philosphy. As he says that to be successful, you should have made money for long periods of time and through good and bad times. The philosphy is as follows:1. You should invest in something, where you think that the price is diffent from the intrinsic value2. You must have a view as to what is the intrinsic value of that share. This should be analytical and based on numbers and will help you decide when to buy and sell.3. For you to have a different view vis-à-vis the market, either your analysis should be different from what the market is doing or you should have some information that the market does not have or you have a different way of looking at things4. Economics and markets work in cycles. When people are confident about the future, assets tend to be over priced. When the people are worried about the future, assets tend to be under prices. While investing, it is important to understand the cycle that we are operating in. As he says “Fear of missing opportunity to fear of loosing money”. “Eagerness to buy to urgency to sell.”5. While investing, evaluate the risks, i.e., chances of the price coming down. If you buy assets that have a low risk, that the chances of them loosing value is low, than at some stage you will make money. Problem with a high risk investment is that, it can bring down your entire return. So you should access as to what do you think are the chances of your loosing money. Motto – “if we can avoid loosers, than winners will take care of themselves”.6. Best results are likely to come from investments that we make, when price is much lower than the value and the general psychology is depressed.7. Diversification is not just holding multiple things, but also ensuring that behaviour of all of them is not similarEasy to read and very well written, Have one request of the author1. How do you compute intrinsic value?Give it my highest rating.

Best thing isOriginal Edition Books.

I loved this book. Amazing insight. Do buy Mastering the Market cycle as well. Howard talks about limiting the risks. He talks about active investing.Do concentrate on the risks more. But I have a philosophy that very few people can beat the Market, and I'm sure that I am not one of them. So it's better for me to be in the market, because if given time average wins all the time.

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