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The most important thing is to be able to survive.

Meaning

It highlights that long-term success depends on avoiding major losses.

Howard Marks 3 views

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The most important thing is to be able to survive.

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About the author

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Howard Marks

(born 1946) is an American investor and co-founder of Oaktree Capital Management. He is known for his insights into market cycles, risk management, and value investing. Marks’s memos to investors are widely read and respected for their clarity and wisdom. His book "The Most Important Thing" outlines key principles of successful investing. Howard Marks’s approach emphasizes discipline, patience, and understanding risk. His influence continues to shape modern investment strategies and financial thinking.

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Why This Quote Matters

Rooted in Emotion, this line from Howard Marks centers on Finance and what it asks of us. Taken seriously, it implies that It highlights that long-term success depends on avoiding major losses.

Remember the point is direction, not drama—steady motion beats intensity spikes.

How to Apply This Quote in Life

If you lead others, model Finance in meetings by listening before pitching. When you slip, restart without shame; Emotion grows through returns, not perfection.

Over time, that practice steadies decisions without needing constant inspiration.

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