Investing Book Highlights Series

Mastering the Market Cycle Howard Marks T he third book in the  Investing Book Highlights  series is  Mastering the Market Cycle  by Howard Marks.  As the title suggest, the book analyzes the market cycles to help the reader understand how business fundamentals and the investment environment should play a role in investing. As most cycles have tendencies, Marks provides how understanding them can lead to a greater chance of success by informing you when to invest and how to position assets in your portfolio.  Mastering the Market Cycle via Youtube TOP TEN JOTS 10.   Sales are responsive to the economic cycle in some industries, and in some they aren’t.  Raw materials and components, luxury goods, vacation trips and big-ticket durable goods are responsive to the economic cycle. Necessities, low-cost consumer items and everyday services aren't as responsive to the economic cycle. Investing in certain sectors of the economy based on the market cycle can reduce t