💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ 🔐 Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today: http://invest.atakama.com/wsb Clay reviews 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 market cycles and position themselves to profit from them. ▶️ RELATED EPISODES: - This Only Happens ONCE In 25 Years: Sea Change In The Stock Market w/ Howard Marks: https://youtu.be/VF56c5jyGy4 - The MOST Important Thing | BIGGEST Investing Lessons From Billionaire Howard Marks: https://youtu.be/hhXbpmdJFro - Investing In Uncertain Times w/ Joel Greenblatt, Bill Miller, Howard Marks, François Rochon: https://youtu.be/TYVR7LwaevU - Investing Wisely In Times Of Uncertainty with Howard Marks: https://youtu.be/ljXI1vUbl6Q - Howard Marks of Oaktree Capital | Balance Risk in Investing: https://youtu.be/ZE-eyFI_axk - The Third Sea Change - Howard Marks: https://youtu.be/QHS2a59fROU - Howard Marks: Seeking Investment OPPORTUNITIES: https://youtu.be/7eFiCnfChmI IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:02:01- Why it’s important to understand market cycles to be a superior investor. 0:03:50 - What drives market cycles, and why they exist. 0:06:54 - How to identify where we are in a market cycle. 0:11:07 - Why cycles are inevitable and will likely always be a key driver of markets into the future. 0:23:05 - How to think about the economic cycle and the government's role in managing the economic cycle. 0:25:01 - Why the market’s mood resembles that of a pendulum swinging back and forth. 0:37:36 - What is the greatest source of investment risk is. 0:47:36 - Why the credit cycle is the most volatile of all cycles and has the greatest impact on markets. 0:51:07 - What Howard Marks learned from managing billions of dollars during the great financial crisis. 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/mastering-the-market-cycle-by-howard-marks/ 📖 BOOK MENTIONED: Mastering the Market Cycle by Howard Marks: https://amzn.to/43KzGPi Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ - TubeBuddy help optimize our YouTube videos: https://www.tubebuddy.com/pricing?a=TheInvestorsPodcast ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.