Marks based this investment strategy book on insights from decades of his Oaktree memos. In Mastering the Market Cycle, Marks identifies market cycles as one of the most important concepts investors need to master. Marks believes that the market cycle determines investment prices and creates demand. Marks writing about Cycles is refreshing because he admits fear and greed distort people’s views of the market and blind them to problems. Marks believes that accurate information about market outcomes will not guarantee investment success. Instead, Marks thinks making the correct assumptions about price and having the discipline to act on the assumptions is the key to making money in the markets. Description from Liberatedstocktrader.com.
Mastering the Market Cycle
3 Highlights and review: Mastering The Market Cycle (Howard Marks) by Investing Book Highlights (4:32)