The least important thing...
In an interview with St. Jame’s Place, Howard Marks of Oaktree talks about his approach to investing.
Marks is the author of the excellent book, “The most important thing”. That’s why it’s fun to hear him answer what he thinks is the least important thing for investors. A question he hasn’t been asked before, but one that is just as interesting. It’s based on the principle of “invert, always invert” as Charlie Munger always says.
In other words: Try turning the question or issue on its head. It enables us to see things from a new perspective andeagerness is often a new insight. According to Marks, the answer is pretty clear (and I couldn’t agree more):
“The least important thing is the short run.
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– Howard Marks
Watch the full interview here:
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