Mastering The Market Cycle: Getting the Odds on Your SideA NEW YORK TIMES, WALL STREET JOURNAL, AND USA TODAY BESTSELLER 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. |
Contents
| 9 | |
II The Nature of Cycles | 22 |
III The Regularity of Cycles | 39 |
IV The Economic Cycle | 46 |
V Government Involvement with the Economic Cycle | 67 |
VI The Cycle in Profits | 74 |
VII The Pendulum of Investor Psychology | 82 |
VIII The Cycle in Attitudes Toward Risk | 101 |
XIII How to Cope with Market Cycles | 207 |
XIV Cycle Positioning | 246 |
XV Limits on Coping | 262 |
XVI The Cycle in Success | 270 |
XVII The Future of Cycles | 285 |
XVIII The Essence of Cycles | 294 |
Back Matter | 317 |
Back Flap | 325 |
IX The Credit Cycle | 136 |
X The Distressed Debt Cycle | 161 |
XI The Real Estate Cycle | 169 |
XII Putting It All Together The Market Cycle | 185 |
Back Cover | 326 |
Spine | 327 |
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aggressive asset prices attitudes toward risk average banks bear market become behavior borrowers bottom bubble bull market buyers capital market cause changes companies credit cycle credit market cycle positioning cyclical decline defaults demand developments distressed debt economic cycle emotional equity excessive extreme factors fluctuations forecasts funds future Global Financial Crisis going greed greed and fear happen high yield bonds Important Thing increase inflation influence interest rates investment environment investor psychology lenders less levels leverage loans long-term losses market cycle memo ment midpoint mortgage backed securities negative Nifty Fifty optimism outcome outperform p/e ratio pendulum performance portfolio predictable profit psychology rational real estate reason regarding relative result risk aversion risk compensation risk premiums risk tolerance risky sell skepticism stocks sub-prime mortgage success superior investor swing tend tendency there's tion trend turn understand usually valuation Warren Buffett