Howard Marks
eBook, ePUB

Mastering the Market Cycle: Getting the Odds on Your Side (eBook, ePUB)

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In the world around us, some events and phenomena are regularly repeated, affecting our lives and actions. Understanding cyclical patterns frees us from having to re-make decisions every time in similar circumstances. Financial markets also work in accordance with typical scenarios, some of which are called cycles. They are generated by external circumstances, but - and this is one of the central thoughts of this book - they are no less affected by the ups and downs of the emotional and psychological state of a person and the behavior associated with it. One of the greatest investors of his ti...

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