- Get 10% cashback up to Rs.50 using BHIM UPI or Rupay ATM cards, debit cards or credit cards. Cashback will be credited as Amazon Pay balance within 15 days. Here's how (terms and conditions apply)
- Get 50% cashback up to Rs.100 on your first ever online payment on Amazon.in. Applicable only on ATM card, debit card or credit card orders. Cashback will be credited as Amazon Pay balance within 15 days. Here's how (terms and conditions apply)
Other Sellers on Amazon
+ 105.00 Delivery charge
+ 99.00 Delivery charge
+ 100.00 Delivery charge
Mastering the Market Cycle: Getting the Odds on Your Side Hardcover – 31 Oct 2018
The order quantity for this product is limited to 2 units per customer
Please note that orders which exceed the quantity limit will be auto-canceled. This is applicable across sellers.
Special offers and product promotions
Frequently bought together
Customers who bought this item also bought
Mastering the Market Cycle is a must-read
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.
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.
Howard Marks, among the world's most successful investment managers as well as an intellectual leader of the profession [has written a new book]. Mastering the Market Cycle is...wise...A careful reading can make us better investors and protect us from the all too frequent errors that ruin investment results.
While most investment professionals take the standard out - that 'you can't time the market' - in Mastering the Market Cycle 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.
Mastering the Market Cycle 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.
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.
Understand and take advantage of the fluctuations of markets and come out ahead by learning when and where to invest your money.See all Product description
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter mobile phone number.
Customers who viewed this item also viewed
Showing 1-2 of 2 reviews
There was a problem filtering reviews right now. Please try again later.
Most helpful customer reviews on Amazon.com
Marks cites five critical cycles: 1) economic, 2) profits, 3) stock market 4) credit and 5) risk. An investor has to know where we are with respect to each of those cycles and most important is the risk cycle which is determined by the psychology of investors. Simply put are they greedy or are they fearful. Although this sounds easy in theory it is very difficult to implement. For example it is very hard to be bearish when the whole world is bullish, this I know from experience, and conversely it is even harder to be bullish when the whole world is bearish. It is at the extremes where the most money is to be made and where discipline is most needed.
The problem with implementing Marks’ ideas is that it is difficult to know how long a cycle will go on. Marks’ cites Greenspan’s famous “irrational exuberance speech of late 1996, only to witness the late 90s bull market to roar on for another three years. Although Marks was brilliant in backing up the truck in the credit markets at the height of the Lehman crisis in 2008, even he admits it was a close run thing and his success was dependent upon the efforts of Paulson, Bernanke and Geithner in stemming its worst effects.
Putting Marks’ ideas to use today I find that the current economic upswing is much closer to the end than the beginning, profit growth is certainly peaking, the credit market is wide open to most borrowers on very favorable terms and aside from the past few days in early October most investors remain bullish after a ten year bull market that quadrupled the major stock market indices, and investors seem oblivious to global macro and political risks. Thus the way I read Marks it is at least time to be cautious and consequently a time to de-risk portfolios.
Making one last point, I wish Marks cited the late Hyman Minsky who noted that stability leads to instability and although he didn’t directly state the converse, instability leads to stability. That would be Marks in a nutshell. Although too long and too repetitive “Mastering the Market Cycle” is worth the read. There is much wisdom here.
In many ways, Marks is a very quirky writer. As other folks have noted, he does repeat things from time to time, and his style is so easy going you might be tempted to think it is simplistic - but don't make this insanely bad mistake. Marks is easy to read because he covers his material and thoughts with absolute precision, because he has thought long and hard about what to say, and the continuous repetition occurs because that's how things work in life - they are interconnected. Besides, repetition in this manner is EXACTLY how you want a complicated topic to be taught, and Marks is a master at instruction.
Course, I have another reason for getting excited about this book - I recognize the scared frightened investor I was in 2008 and 2009, and if I'd read this book - or all those Memo's - and actually internalized them I'm next to certain my results would have been much improved. And isn't that what we want in our investment books - an improvement in our technique? I can think of no higher compliment.
This is a phenomenal book and if you manage money for a living you'd be a fool not to read it, and if you invest for yourself you are going to learn a lot. I mean, a lot - and you are going to reread this thing again and again. This is a VERY deep thinking book by a guy with a lot to teach, and opportunities like this one don't come along very often.
And you get this wisdom and knowledge for $18? Absolutely crazy - thanks to the author, thank you very much.
Everything he had to say could have been said in a 50 page pamphlet. The book was nothing but mind numbing repetition of the same information about public sentiment and the markets. I should have known that a book about cycles would be highly repetitive.
Using public sentiment will get out too early, or too late. at the tops and bottoms. The only cycle indicator he missed is the indicator for market highs is when every Tom, Dick, or Harry who just happened to make money start thinking themselves a genius and have to start publishing books to document their genius.
For free, you can go to YouTube and watch a guy named Sam Seiden demonstrate his trading methods. You can actually watch them work.