Markets2018
Mastering the Market Cycle
Howard Marks
Helps investors recognize credit, psychology, valuation, and risk cycles so they can adjust expectations instead of reacting emotionally.
Author
Howard Marks is the author of `Mastering the Market Cycle`. The book reflects an approach centered on how to place decisions in cycle context and manage position risk before seeking return.
Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.