Shuchi Nahar's Weekend Blog!

This blog is in continuation with the previous blog , this blog contains the further chapters from one of the must read books. Here is the link to my previous post  https://myweekendspot.blogspot.com/2020/02/the-most-important-thing-by-howard-marks.html Shuchi.P.Nahar Chapter 11 Contrarianism There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing, as it requires second-level thinking a way of thinking that’s different from that of others, more complex and more insightful. By definition, most of the crowd can’t share it. Thus, the judgments of the crowd can’t hold the key to success. This is the core of Warren Buffett’s oft-quoted advice: “The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.” He is urging us to do the opposite of what others do: to be contrarians. The logic of crowd error is clear and almost mathematical:...

Book Summary : The Most Important Thing - By Howard Marks Summary by: Shuchi. P. Nahar Brief Introduction about the Author- Howard Marks For twenty years Howard Marks has been educating investors with his “Memos from the Chairman,” and in writing The Most Important Thing, Marks drew from these memos to compile the most important lessons he has learned as an investor. That he is an outstanding investor goes without saying he is also a great teacher and a thoughtful author, and The Most Important Thing is a generous gift to all investors. In The Most Important Thing Illuminated, readers will benefit not only from Marks’s hard-earned wisdom, but also from the insights of three seasoned investors Christopher Davis, Joel Greenblatt, and Seth Klarman and a Columbia Business School adjunct professor, Paul Johnson. The Most Important Thing Illuminated continues the value investing community’s tradition of generously sharing its ideas, insights, and investment wisdom. What...