Read Mastering The Market Cycle: Getting the odds on your side By Howard Marks

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Mastering The Market Cycle: Getting the odds on your side-Howard Marks

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NEW YORK TIMES BESTSELLER"Mastering the Market Cycle is a must-read" Ray Dalio"When I see memos from Howard Marks in my mail, they're the first thing I open and read" Warren Buffett"Howard is a legendary investor" Tony RobbinsEconomies, companies and markets operate in accordance with patterns which are influenced by naturally occurring events combined with human psychology and behaviour. The wisest investors learn to appreciate these rhythms and identify the best opportunities to take actions which will transform their finances for the better. This insightful, practical guide to understanding and responding to cycles - by a world-leading investor - is your key to unlocking a better and more privileged appreciation of how to make the markets work for you and make your money multiply.

Book Mastering The Market Cycle: Getting the odds on your side Review :



I was expecting a much more detailed explanation of market cycles and the techniques to exploit them. This book would be better titled "Why you should pay attention to market cycles". If you're looking for a technical book on tatical asset allocation through different market cycles, I highly recommend "Applied financial macroeconomics and investment strategy". Overall, if you are above novice level of investor I do not recommend this book. However, if you are novice level then this book can give you solid general philosophies and general strategies which is essential when beginning your investing journey.
Being blunt, most investment books suck - I have about a hundred of them on my shelves (which doesn't include the tons I've given away), and there's only a brief handful that were worth an entire read, much less rereads. But there are a precious few that get read again and again (Intelligent Investor, One Up and Beating the Street, anything by John Train, etc.) and these days I can feel that rare emotion welling up inside me when I know I'm learning something - something important. Mastering the Market Cycle is just such a book.In many ways, Marks is a very quirky writer. As other folks have noted, he does repeat things from time to time, and his style is so easy going you might be tempted to think it is simplistic - but don't make this insanely bad mistake. Marks is easy to read because he covers his material and thoughts with absolute precision, because he has thought long and hard about what to say, and the continuous repetition occurs because that's how things work in life - they are interconnected. Besides, repetition in this manner is EXACTLY how you want a complicated topic to be taught, and Marks is a master at instruction.Course, I have another reason for getting excited about this book - I recognize the scared frightened investor I was in 2008 and 2009, and if I'd read this book - or all those Memo's - and actually internalized them I'm next to certain my results would have been much improved. And isn't that what we want in our investment books - an improvement in our technique? I can think of no higher compliment.This is a phenomenal book and if you manage money for a living you'd be a fool not to read it, and if you invest for yourself you are going to learn a lot. I mean, a lot - and you are going to reread this thing again and again. This is a VERY deep thinking book by a guy with a lot to teach, and opportunities like this one don't come along very often.And you get this wisdom and knowledge for $18? Absolutely crazy - thanks to the author, thank you very much.

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