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TIP559: Mastering the Market Cycle by Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Nature of Cycles
Mark Twain said history doesn't repeat itself, but it does rhyme. Cycles are going to oscillate around a central trend that tends to be up and to the right. Mark says there's no defined beginning or end of a cycle. Each part of the cycle is influenced by what happened before it.
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