Howard Marks — The Most Important Thing

Source: The Most Important Thing Illuminated (Columbia University Press, 2013), annotated by Christopher C. Davis, Joel Greenblatt, Paul Johnson, and Seth A. Klarman.

Core principle: Successful investing requires simultaneous attention to all dimensions below. Never apply just one lens. For full detail on any dimension, read references/dimensions.md. For query-type response templates, read references/query-playbook.md. For condensed decision rules, read references/reminders.md.

The 11 Dimensions (summary — load references/dimensions.md for full detail)