We Study Billionaires - The Investor’s Podcast Network
Business:Investing
Clay Finck completes his review of Howard Marks’ book – Mastering the Market Cycle. This is a wonderful book for understanding market cycles and where we are at in the cycle at any given time. Most investors aren’t aware of the cyclicality of markets and are prone to fall victim to greed and fear at the exact wrong times. Superior investors are aware of markets cycles, and position themselves to profit from them.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
01:33 - How Howard Marks thinks about the real estate cycle.
13:02 - The three stages of a bull market and bear market.
14:45 - Why cycles will continue indefinitely into the future.
15:30 - How Isaac Newton lost a fortune in the South Sea Bubble in 1720.
21:47 - The telltale sign to look for to almost be certain that you’re in a market bubble.
33:41 - Why ‘silver bullets’ never pan out well for investors.
45:05 - Why Oaktree thinks timing market bottoms is a fool’s errand.
47:13 - Why success can bring the seeds of failure for many investors, companies, and sectors.
58:05 - Howard Marks’s thoughts on where we are at in the market cycle in 2023.
72:55 - How to know when is the appropriate time to position your portfolio aggressively and defensively.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BTC171: Bitcoin Tech Update with Alex Leishman (Bitcoin Podcast)
TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra
TIP609: Fooled by Randomness by Nassim Taleb
BTC170: Bitcoin's Hardware Future w Bob Burnett (Bitcoin Podcast)
RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz
TIP608: Long-Term Compounding w/ Chris Mayer
BTC169: Bitcoin Changing Africa's Energy and Finance Incentives w/ Alex Gladstein (Bitcoin Podcast)
TIP607: Small But Mighty: Uncovering Smallcap Value w/ Paul Andreola
TIP606: Multi-Bagger First Principles w/ Ian Cassel
BTC168: Bitcoin Discreet Log Contracts DLC on LN Markets w/ Romain Rouphael (Bitcoin Podcast)
TIP605: Untangling Global Outperformers w/ Dede Eyesan
TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve
BTC167: How Decentralized is Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green
TIP602: Same as Ever w/ Morgan Housel
BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
RWH040: Go Global w/ Laura Geritz
TIP601: Junk to Gold by Billionaire Willis Johnson
BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)
TIP600: Business Durability and Strategy Masterclass with Hamilton Helmer
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor