Warren Buffett once said of Howard Marks’ book, The Most Important Thing; “This is that rarity, a useful book. When I see memos from Howard Marks they’re the first things I read. I always learn something and that goes double for this book.” Having read the book myself earlier this year, I wholeheartedly agree. Former private equity partner and popular value investing blogger, Tren Griffin, has prepared an amazing blog, which explains “how to identify situations where you can apply the ideas in the book.” He explains how the principals of value investing can be applied in different ways and to different assets, using the process of venture capitalist and entrepreneur, Andy Rachleff, as an example. It’s a longer read, but worth the time. Read “A Dozen Ways to Apply the Lessons Taught by Howard Marks” here: (VIEW LINK)
Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.