The Most Important: Thing: Uncommon Sense For Th...

: He didn't chase the trend. Instead, he waited for the right opportunity, knowing that "good times teach only bad lessons"—like the idea that investing is easy or risk is gone.

: You cannot eliminate risk; you can only control it. The most dangerous time is when everyone thinks there is no risk. The most important thing: uncommon sense for th...

In the late 1960s, a young student at the found himself at the "ground zero" of modern finance theory. Howard Marks , who would later co-found Oaktree Capital Management , spent decades refining what he calls "uncommon sense"—a philosophy that eventually became his acclaimed book, The Most Important Thing . : He didn't chase the trend

: The "second-level thinker" asks, "Everyone thinks this is a great company, but is it as great as they think? Is the price too high for the actual value?". The most dangerous time is when everyone thinks

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