
The Rewind: You Can’t Predict. You Can Prepare.
The Memo by Howard Marks
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The Swing of the Pendulum, the Oscillation of the Cal
In 19 99, the wall street journal ran a number of oped pieces by james glassman and kevin hassett trumpeting the theory behind the book dow 36 thousand. With economic conditions turning down so quickly, pushed along by the events of september eleventh, a lot of business books have been rendered irrelevant or even silly. The risks entailed in ignoring the inherently csyclical nature of thin s are manifold,. and the various cycles interact, often in ways that surprise the optimists.
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