This is Part 1 of the legendary talk known online as Howard Marks: 78 Years of Investing Wisdom in 60 Minutes. 🎁 Support ComLucro Trader for free, high-quality trading content. Get early access to exclusive videos and posts! Patreon: / comlucrotrader Buy Me a Coffee: https://coff.ee/comlucro What’s the most important thing in investing? According to Howard Marks, there isn’t just one — there are many. In this first part of a legendary lecture, he walks us through the foundations of his investment philosophy: value, risk control, contrarian thinking, and the massive role of luck and randomness. If you think great investing is about being right all the time, think again. This video will completely reframe how you see risk, decision-making, and long-term survival in the markets. 👉 Main Lessons from Part 1: It’s not about buying good assets — it’s about paying the right price Risk means more things can happen than will happen You can’t judge a decision by the outcome Randomness often overrules logic in the short term The best investors don’t predict — they think probabilistically This is just Part 1. Subscribe so you don’t miss the rest of the series. 🌐 Com Lucro - https://www.comlucro.com.br/ 📺 YouTube - Com Lucro - https://comlucro.com.br/youtube 📈 TradingView - https://www.tradingview.com/?aff_id=1... #HowardMarks #InvestingWisdom #TheMostImportantThing #RiskManagement #ContrarianThinking #ValueInvesting #ComLucro