2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP497: Lessons from Billionaire Howard Marks

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Investing in Cycles

The greatest investors have a knack for selecting investments, but an adequate rate of return relative to the risk taken. Warren Buffett says that it's only when the tide goes out that you find out who's been swimming naked. Cycles are so important to understand because when we recognize them, we'll be able to take advantage of them as investors.

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