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3min chapter
TIP559: Mastering the Market Cycle by Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Cycle in Attitudes Towards Risk
Investing at its core is the art of bearing some level of risk in pursuit of a profit. Investors generally try to position themselves to profit from future developments rather than being penalized by them. In year today, 2023, we have positive 11%. Typically, we're trying to find out where 2023 turns out in another six months to see whether greed or fear prevails in the markets.
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