Mastering the Market Cycle: Getting the Odds on Your Side by Howard Marks

Mastering the Market Cycle: Getting the Odds on Your Side

Book by Howard S. Marks

3.9/5 · Goodreads

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Description

One of the most successful Wall Street investors of all time provides practical insight and keen analysis on how to track, and react to, the ups and downs of the stock market. Marks reveals the hidden logic in carefully pinpointing market trends so that every investor can profit.

The legendary investor shows how to identify and master the cycles that govern the markets.

We 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 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.

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.

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Originally published: October 2, 2018

Author: Howard S. Marks

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Trade Your Way to Financial Freedom by Van K. Tharp

Trade Your Way to Financial Freedom

Book by Van K. Tharp

4/5Goodreads4/5O'Reilly Media

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Description

"Trade Your Way to Financial Freedom" is filled with the kind of information that will help virtually all traders and investors substantially increase their income. Dr. Tharp covers it all: The psychological biases against good system developmentIngenious concepts of orderliness that help you accurately predict turning points in the market--and work them to your advantage!Expectancy and position sizing--the most important, yet least understood, aspects of profitable tradingStock and futures trading models--from Warren Buffett to Perry Kaufman--that examine setups used by the mastersPosition sizing variables, and how to use them to consistently carve out the optimal profits.A free website to let you practice your new trading skills without risk, develop plans, and even compete against other traders!

Originally published: December 1, 1998

Author: Van K. Tharp


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