From The Greats
Distressed-debt investor, Oaktree co-founder, and author of The Most Important Thing.
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The Most Important Thing
by Howard Marks · 2011
Howard Marks's investing book on risk, cycles, second-level thinking, and the discipline required for long-term capital allocation.
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The Most Important Thing
Documented citation: 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.
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Howard Marks (investor)
Open source
This source documents the book relationship, but the displayed text is a catalog summary rather than a verbatim quote.
Wikipedia · reference page · accessed 2026-06-20
The reference page quotes Buffett saying he reads Marks's memos first and learns from them, adding that the same goes double for Marks's book.
Warren Buffett
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