The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) by Marks Howard

Author:Marks, Howard [Marks, Howard]
Language: eng
Format: epub
ISBN: 9780231527095
Publisher: Columbia University Press
Published: 2011-04-18T16:00:00+00:00

• insistence on acting as you should when price diverges from value,

• enough conversance with past cycles—gained at first from reading and talking to veteran investors, and later through experience—to know that market excesses are ultimately punished, not rewarded,

• a thorough understanding of the insidious effect of psychology on the investing process at market extremes,

• a promise to remember that when things seem “too good to be true,” they usually are,

• willingness to look wrong while the market goes from misvalued to more misvalued (as it invariably will), and

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