Investing · Modern investor letters

Howard Marks:The Most Important Thing, Excerpt 11

Howard Marks《The Most Important Thing》· The Most Important Thing · Investing

Given the vagaries involved in the investment process – and they are legion – a thorough understanding based on high quality communications is key in clientmanager relationships.

Source: https://www.oaktreecapital.com/docs/default-source/memos/2003-07-01-the-most-important-thing.pdf
Locator:Memo, excerpt 11 · Verified:2026-10-19 · Verification:Short excerpt

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