Between the Lines | Howard Marks on Risk | The Most Important Thing

In 2008, while Wall Street collapsed, Oaktree Capital deployed $500 million a week into distressed assets. By the time the smoke cleared, they'd generated billions in returns — not despite the crisis, but because of it. The architect was Howard Marks, whose investor memos Warren Buffett reads religiously. In 'The Most Important Thing,' Marks distills forty years of investment wisdom into a single question: what does it actually mean to think like a superior investor? The answer has almost nothing to do with finding winners — and everything to do with understanding risk.

#HowardMarks, #TheMostImportantThing, #OaktreeCapital, #ValueInvesting, #RiskManagement, #InvestingBooks, #WarrenBuffett, #MarketCycles, #SecondLevelThinking, #DistressedDebt , #InvestmentStrategy, #BookSummary, #BetweenTheLines