The Most Important Thing: Uncommon Sense For Th... 【2025】

: No asset is so good that it can't be overpriced, and none is so bad it can't be a bargain at the right price.

: When the bubble burst, those who ignored risk were destroyed. Marks’s defensive investing strategy—prioritizing the avoidance of losses over the pursuit of maximum gains—allowed him to preserve capital while others lost everything. The Core Lessons of Uncommon Sense The most important thing: uncommon sense for th...

: He didn't chase the trend. Instead, he waited for the right opportunity, knowing that "good times teach only bad lessons"—like the idea that investing is easy or risk is gone. : No asset is so good that it

: Success requires "knowing what you don’t know" and accepting the role of luck in every outcome. he waited for the right opportunity