Worthwhile read; astute insights,
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This review is from: The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) (Kindle Edition)
Definitely a worthwhile read with many insights and useful observations. Easy to read and very clear. Something here for professional and amateur investors alike. Should make one reappraise their own investment philosophy by giving thought to some of the principles highlighted. Only slight criticism would be that he labours the point on occasion.
The book is all about HM's investment philosophy. Key tenets include: respecting the efficiency of markets, focusing on markets that may be less efficient (and away from macro forecasting or large cap stocks, for example), importance of 'value' investing (margin of safety), recognising risk, risk control, psychology of markets, role of chance...Plenty of astute judgements along the way.