2min chapter

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

TIP559: Mastering the Market Cycle by Howard Marks

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Credit Cycle and the Great Financial Crisis

The credit cycle reaches a tipping point when lenders have overextended themselves in the cycle versus the other way. The great financial crisis is another prime example of an extreme credit cycle. Howard believes that the credit market can be a great indicator for seeing where the market stands psychologically and it's a great contributor to investment bargains.

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