Mastering the Market Cycle
Getting the Odds on Your Side
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Narrated by:
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LJ Ganser
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Howard Marks
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Written by:
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Howard Marks
About this listen
The legendary investor shows how to identify and master the cycles that govern the markets.
We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.
If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. You’ll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed.
By following Marks’s insights - drawn in part from his iconic memos over the years to Oaktree’s clients - you can master these recurring patterns to have the opportunity to improve your results.
Cover design by Mark R. Robinson.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2018 Howard Marks (P)2018 Audible, Inc.You may also enjoy...
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What listeners say about Mastering the Market Cycle
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
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- Amazon Customer
- 2023-01-06
I read this book in 2019
This book was very valuable for me. I read it as I was getting into investment, and then the covid crisis happened in the stock market. With the knowledge armed from it I was confident enough to go all in as the market was going down, and it was very financially rewarding. You may know the theory of buy low during a crisis and sell high, but books like this help reinforce your mind and shield you from panic, as a crisis happens and things unfold you remember that yes you were told that this is how it goes, and you should invest anyway.
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- LJ
- 2020-01-08
Repetitive but it helps to get deeply familiar
It repeats itself often and says so up front, but it does say profoundly useful things about the market cycles that will make for a very important piece of your overall understanding of how things work and you are far better off with it than without it.
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- Kirstyn
- 2021-03-09
Solid ideas and flow between them
For someone who is still fairly new to investing and finance this book as a little over my head to just listen to. I listen while driving and I found jt was hard to follow at times due to the depth of the content, but overall a very good flow to the book and solid ideas that make sense. I need to take a look at the associated graphics. Still new to audible
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1 person found this helpful
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- Mahdi Salehi
- 2020-12-04
Amazing description of Market Cycles
The book goes into details of Market Cycles and why and how they occur. An investor can capitalize on this knowledge to make more returns.
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2 people found this helpful
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- MNY
- 2023-08-28
Valuable information
I learned a lot about market cycles and investors’ psychology. Worth my time and money.
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1 person found this helpful
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- Michael Demi
- 2018-12-05
great intro for beginners
into capital markets and asset valuations pre and post recessions definitely not a how to book.
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- Joshua David
- 2020-04-28
Another Great Book From Howard Marks
A very compelling and insightful book on investing and the market cycle. This is a must read for any serious investor.
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2 people found this helpful
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- Brent B.
- 2021-09-26
This book is easily worth $1000s.
If you can grasp the lessons of this book, no doubt you can double, or triple your investment portfolio once a decade.
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- Randy charko
- 2019-02-14
Good review on market cycles...
Is a good review and narration on market cycles you should come away with a few insights more than you went in with from a person who has distilled years of real experience and success into something that can be thought. However there are many ..many times I thought how many ways can you explain the same thing over and over in different words . Well there is a lot of ways it turns out . So the message gets old and repetitive as it goes on and in the end your left with just generalities . Ultimately you will need to pay attention and find your own indicators to help you with real world cycles
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5 people found this helpful
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- ML
- 2019-01-29
Overall good.
Like other reviews have said, yes, it's quite repetitive.
Marks continuously repeats, with varying examples, market cycles.
A section on intro to economics - Marks does an OK job explaining, but I recommend reading How an Economy Rises and Why it falls by Schiff to better understand economics.
Mark covers the 2007 US recession caused by mortgage backed securities in detail. He has been through many, many market cycles and is able to provide solid examples and feedback.
Being a millennial who (unfortunately?) participated in the cryptocurrency craze, this book offers good grounding in investing.
If you're just beginning in the investing world - it's def a decent read.
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