Warren Buffett Recommends Howard Marks' BookLegendary investor Warren Buffett does alright for himself, but there is a fellow legendary investor Howard Marks whom he considers talks a lot of sense. So much so that he always reads his e-mails and even encouraged him to write a book !
Howard Marks the co-founder of Oaktree Capital therefore wrote a book for investors - The Most Important Thing, which Warren Buffett duly put on his recommended books list.
"When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book." - Warren BuffettYou can read the memos over at Oaktree Capital, we would put one up here, except that they promise all kinds of dire consequences for anybody copying, reproducing in whole or part etc.. etc... so we'll stick to investing and blogging and leave the lawsuits to those better qualified.
As small private investors we would not even consider disagreeing with either Warren Buffet or Howard Marks - in fact we will strongly consider splashing out $20 on the book !
Oaktree was formed in 1995, Howard Marks has been responsible for ensuring that the firm adheres to its core investment philosophy, and managing the firm. Mr. Marks was previously Citicorp Investment Management for 16 years, where he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Howard Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in Finance and an M.B.A. in Accounting and Marketing from the Graduate School of Business of the University of Chicago, where he received the George Hay Brown Prize.
For more info. on Howard marks' book see - The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
See here for the other books that Warren Buffett recommends -Warren Buffett book recommendations