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Howard Marks: On Mastering Market Cycles

FYI: Nothing is permanent. As economic expansions grow longer—there have been only three recessions in the last 35 years—it becomes easier for investors to be seduced by the notion that the current cycle could continue in perpetuit.
Regards,
Ted
https://www.fa-mag.com/news/marks-on-mastering-market-cycles-41059.html?print
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