This article is authored by MOI Global instructor Samir Patel, Founder and Portfolio Manager of Askeladden Capital, based in Dallas, Texas.
Famous investor Howard Marks, of whom I’ve long been a big fan, is wrong. Not just wrong, in fact: he’s dangerously wrong. I believe his new book, “Mastering the Market Cycle” is likely to damage – rather than improve – readers’ decisions.
I frequently cite “The Most Important Thing (Illuminated)” as the single most important book on shaping my investing philosophy, and I’ve long recommended it as a first read for aspiring value investors. Nonetheless, even the best can get it wrong sometimes.
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