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Full Version: The Most Important Thing by Howard Marks
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(21-03-2013, 12:21 PM)chew Wrote: [ -> ]
(20-03-2013, 11:07 PM)l0nEr Wrote: [ -> ]You can borrow the ebook via NLB eResources website, from OverDrive digital media.
http://eresources.nlb.gov.sg/browse.aspx...filter1=10

There is the "illuminated" version, featuring comments from other hedge fund managers. Splendid.

You can read the book online from home?

you just need to get Adobe Digital editions...
you can read on your iphone etc also.

but as a library ebook, you can only borrow for 21 days.
(22-03-2013, 04:55 PM)l0nEr Wrote: [ -> ]
(21-03-2013, 12:21 PM)chew Wrote: [ -> ]
(20-03-2013, 11:07 PM)l0nEr Wrote: [ -> ]You can borrow the ebook via NLB eResources website, from OverDrive digital media.
http://eresources.nlb.gov.sg/browse.aspx...filter1=10

There is the "illuminated" version, featuring comments from other hedge fund managers. Splendid.

You can read the book online from home?

you just need to get Adobe Digital editions...
you can read on your iphone etc also.

but as a library ebook, you can only borrow for 21 days.

Thanks buddy. Reserving the illum copy
Marks shared on 20 most important things.

I like the first on: Second-Level Thinking.

First-level thinking says, "It's a good company; let's buy the stock."
Second-level thinking says, "It's a good company, but everyone thinks it's a great company, and it's not. So the stock's overrated and overpriced; let's sell."

First-level thinking says, "The outlook calls for low growth and rising inflation. Let's dump our stocks"
Second-level thinking says, "The outlook stinks, but everyone else is selling in panic. Buy!"

The second level thinker takes a great many things into account:
1. what does the consensus think?
2. how does my expectation differ from the consensus?
3. how does the current price for the asset comport with the consensus view of the future, and with mine?
4. is the consensus psychology that's incorporated in the price too bullish or bearish?
5. what will happen to the asset's price if the consensus turns out to be right, and what if I'm right?

To outperform the average investor, you have to be able to outthink the consensus.
Are you capable of doing so?
What makes you think so?
I just bought this week over the last weekend, and am reading it through slowly.

A very good book, he writes extremely well and is very articulate!

I like that he devotes three chapters to risk - identifying it, assessing it and controlling it.
My friend loaned me the Illuminated version and I started reading it. Good book thus far.
the book is available on NLB.gov.sg Eresources Overdrive e-book.
I have this book in my Kindle.

[removed by moderator]

Value.able [Kindle Edition]by Roger Montgomery too. if anyone's interested.
(11-11-2013, 12:33 PM)honeyclover Wrote: [ -> ]I have this book in my Kindle.

[removed by moderator]

Value.able [Kindle Edition]by Roger Montgomery too. if anyone's interested.

I am not sure the digital book can be freely distributed, thus I removed the link.

If it can, then please post the link from source. Thanks

Regards
Moderator
Just borrow digital version from NLB.
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