2min chapter

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

TIP562: How to Cope With Market Cycles

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The History of the Stock Market

Howard Marx has often asked if today's market resembles a bubble since we've seen the massive rise in the stock market since the great financial crisis. He cautions that any big market rise doesn't necessarily mean it's a bubble. People are naturally hardwired to have a very hard time overcoming FOMO and watching all of their friends get rich on paper in a bubble. No asset or company is so good that it can't become overpriced.

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