https://www.nytimes.com/2018/10/12/business/advice-on-dealing-with-the-market-if-you-are-already-a-pro.html The most intriguing part of Howard Marks’s new book about market cycles has nothing to do with the cycles themselves.
That’s not a criticism. Mr. Marks does cover his stated subject thoroughly, including the economic cycle (also known as the business cycle), the credit cycle, the real estate cycle and more. And he has filled “Mastering the Market Cycle” (Houghton Mifflin Harcourt, $30) with graphs mapping out the patterns that occur at various phases during all those cycles.-
