Howard Marks is one of the few hedge fund managers with great insights in the world of investing. His most recent book " The most important thing " is a complilation of his regular news letters over the past 2 decades. Though the book doesn't discuss anything specific about stocks, it deals extensively about the various risk factors, investment bubbles etc in the world of investing
http://www.oaktreecapital.com/MemoTree/What's%20Behind%20the%20Downturn%2009_07_11%20Final_watermarked.pdf
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