Howard Marks on CNBC

Howard Marks, author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor, was recently interviewed on CNBC.

Among other issues, Marks discussed the impossibility of intelligently investing in commodities; how best to value a company; and the prospects for the U.S. economy. Marks believes the coming years will not be prosperous in large part because of the tightening of credit.

See below for a video of his exclusive interview (start at the 4:00 mark). (You can also download an e-book version or individual chapters from the book via Columbia University Press Online Access.)

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