Cover Article

The Most Important Thing

By Howard Marks
May 26, 2023

In investing, there are few sure things. But you can be sure of this: Most things will prove to be cyclical. And cycles create opportunities for investors who are patient and savvy. 

End of preview. Please subscribe to read more.

Already a subscriber? Log in here.

Continue reading plus get access to our
objective, time-tested investing strategies.

Get access to Sound Mind Investing’s articles and investing
strategies for as little as $0.32 a day.

See subscription options

Not Quite Ready to Become a Member? No Problem, We Still Have Something for You!

Watch our FREE 20-minute video workshop
and learn how to secure profits and achieve
peace of mind, even amidst market volatility.

What You'll Learn:

Strategies to Expand Your Portfolio: Learn effective ways to grow your investments while minimizing risk during market downturns.
Introducing a Dependable Investment System: Get acquainted with a proven, step-by-step investing approach that has delivered solid returns for thousands of our members.
Mastering Market Cycles: Understand why navigating bear markets is crucial for long-term success, and how to do it effectively.

Start securing your future today.
This free workshop is the perfect place to start.

Written by

Howard Marks

Howard Marks

Howard Marks is the co-founder and co-chairman of Oaktree Capital Management. This cover article is excerpted from his book The Most Important Thing: Uncommon Sense for the Thoughtful Investor, copyright 2011. Reproduced with permission of COLUMBIA UNIVERSITY PRESS to republish in a newsletter/e-newsletter, via Copyright Clearance Center.

Revolutionize Your Investing Approach

Unlock Your Wealth-Building Potential with Sound Mind Investing

Don't leave your investments to chance. Let Sound Mind Investing guide you to financial success. Experience the power of our simple, rules-based strategies and see your wealth grow.

Unlock your wealth-building potential for as little as $0.32 a day.