Mastering The Market Cycle
About the book
Mastering The Market Cycles by Howard Marks (author) provides practical insight and keen analysis on how to understand, track, and react to the ups and downs of market cycles. It reveals the hidden logic of the market trends so that investors have the opportunity to improve their investment skills. The book explains that it is hard to gain an investment advantage through research since so many smart people are doing it already; the only way to get an advantage is to understand the psychology of investing and assess the present stage of the business/market cycle.
About the author
Howard Marks is chairman and co-founder of Oaktree Capital Management, a Los Angeles-based investment firm with $80 billion under management. He holds a Bachelor's Degree in finance from the Wharton School and an MBA in accounting and marketing from the University of Chicago. He has also published three books on investing, out of which 'Mastering The Market Cycle' is one of his latest.
Buy the book
The book explains the psychological behaviour of the market and teaches you when you should pull out of the market and when you should stay invested? We highly recommend you to read the entire book. (affiliate link)