About the book
Investor Howard Marks examines why markets rise and fall in recurring patterns and how to judge where things stand in a cycle. He argues that confidence about the current position comes from grasping the reasons behind the ups and downs, which shape economies, markets and companies as well as human psychology and the investing behavior that follows from it. Marks urges readers to study past cycles and their origins and to stay alert for the next one, so that unexpected events, fear and greed are less likely to catch them unprepared. Some of the material draws on the memos he has written over the years for clients of Oaktree.
Warren Buffett said he always learns something from Marks's memos, and even more from the book. Charlie Munger praised it for showing how to learn from history, and Ray Dalio endorsed it, calling Marks one of the great investors of his generation.
We hope you love the books people recommend! Just so you know, The CEO Library may collect a share of sales or other compensation from the links on this page.
This book has 3 recommendations
Ray Dalio (Founder/Bridgewater Associates)
Howard Marks’s Mastering the Market Cycle is a must-read, because the cycles covered in this book are important and because Howard is one of the investing greats of his generation.
Charlie Munger (Vice Chairman/Berkshire Hathaway)
I always say, ‘There’s no better teacher than history in determining the future.’ Howard’s book tells us how to learn from history . . . and thus get a better idea of what the future holds.
Warren Buffett (CEO/Berkshire Hathaway)
When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book.
Get this book on Amazon | Barnes & Noble | Apple Books
See more books recommended by
Ray Dalio, Charlie Munger, Warren Buffett