{"product_id":"mastering-the-market-cycle-getting-the-odds-on-your-side-isbn-9781328479259","title":"Mastering The Market Cycle: Getting the Odds on Your Side","description":"\u003cp\u003e\u003cb\u003eA \u003ci\u003eNEW YORK TIMES, WALL STREET JOURNAL\u003c\/i\u003e, AND \u003ci\u003eUSA TODAY\u003c\/i\u003e BESTSELLER\u003cbr\u003e\u003cbr\u003eNamed one of the Best Business Books of 2018 by \u003ci\u003eBusiness Insider\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eThe legendary investor Howard Marks shows how to identify and master the cycles that govern the markets.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eWe 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 market 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.\u003cbr\u003e\u003cbr\u003eIf 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.\u003cbr\u003e\u003cbr\u003eBy 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.\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eMastering the Market Cycle\u003c\/i\u003e, Marks reveals his framework for superior investing, offering a practical guide to:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eInvestor Psychology:\u003c\/b\u003e Learn to identify the emotional pendulum swings between euphoria and fear that drive market extremes, and how to use them to your advantage.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eCycle Positioning:\u003c\/b\u003e Calibrate your portfolio by learning when to be aggressive and when to be defensive, based on a keen awareness of where we stand in the current economic cycle.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eThe Credit Cycle:\u003c\/b\u003e Understand why the credit cycle is the most powerful and volatile force, and what the “credit window” tells you about market health and risk management.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eGetting the Odds on Your Side:\u003c\/b\u003e Move beyond simple forecasting to a more sophisticated understanding of tendencies and probabilities, giving you an edge while others are blindsided.\u003c\/li\u003e\n\u003c\/ul\u003e | \u003cp\u003e“Howard Marks, among the world’s most successful investment managers as well as an intellectual leader of the profession [has written a new book].  \u003cem\u003eMastering the Market Cycle\u003c\/em\u003e is…wise…A careful reading can make us better investors and protect us from the all too frequent errors that ruin investment results.”\u003cstrong\u003e—Burton G. Malkiel, \u003cem\u003eWall Street Journal \u003c\/em\u003e\u003c\/strong\u003e   “Howard Marks’s \u003cem\u003eMastering the Market Cycle\u003c\/em\u003e 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.” \u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eRay Dalio, Co-Chief Investment Officer and Co-Chairman, Bridgewater Associates\u003c\/strong\u003e     “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.”\u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eCharlie Munger, Vice Chairman, Berkshire Hathaway\u003c\/strong\u003e     “While most investment professionals take the standard out – that ‘you can’t time the market’ – in \u003cem\u003eMastering the Market Cycle\u003c\/em\u003e Howard Marks, a living investment legend, takes the contrarian point of view that not only can you time markets, but it’s imperative that you do so.”\u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eBill Gurley, General Partner, Benchmark\u003c\/strong\u003e     “\u003cem\u003eMastering the Market Cycle\u003c\/em\u003e reveals how cycles not only coincide with, but also cause, financial market risk and opportunity. Written in plain English, Howard Marks’s hard-earned wisdom will help readers tilt the odds in their favor.”\u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eJeffrey Gundlach, Founder, DoubleLine Capital\u003c\/strong\u003e     ”If you’re uncertain as to whether there will be a correction in the market – or if you think there’s no reason to worry because ‘it’s different this time’ – you have to read this book before you make a move.” \u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eCarl C. Icahn, Chairman, Icahn Enterprises\u003c\/strong\u003e       \u003cstrong\u003e                 Praise for Howard Marks’s THE MOST IMPORTANT THING\u003c\/strong\u003e     “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.”\u003cstrong\u003e \u003c\/strong\u003e\u003cstrong\u003e—\u003c\/strong\u003e\u003cstrong\u003eWarren Buffett, Chairman and CEO, Berkshire Hathaway\u003c\/strong\u003e\u003c\/p\u003e","brand":"Harper Business","offers":[{"title":"Default Title","offer_id":44890247004389,"sku":"NP9781328479259","price":32.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781328479259.jpg?v=1730232858","url":"https:\/\/k12savings.com\/products\/mastering-the-market-cycle-getting-the-odds-on-your-side-isbn-9781328479259","provider":"K12savings","version":"1.0","type":"link"}