Mastering the Market Cycle by Howard Marks | Yearly Investor

Описание: Howard Marks is known as somewhat of a philosopher king in the world of investing. The co-chairman of the $153 billion Oaktree Capital Management has not only built the largest distressed-debt investment firm but also written 132 iconic memos since 1990. Even Warren Buffett said: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something."

Marks is a great believer in the cyclical nature of markets. His book, "Mastering the Market Cycle: Getting the Odds on Your Side," which teaches investors how to identify different stages of the market, has garnered rave reviews from the hedge-fund manager Ray Dalio and the bond king Jeffrey Gundlach.

00:00:00 - Introduction
00:01:25 - Why Investors Should go against the Financial Tide
00:06:22 - How the Boom-Bust Cycle works in Practice
00:09:08 - Why does this Boom-Bust Cycle occur?
00:17:57 - Time to Invest

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