4min 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 Role of the Government in Economic Cycles

Marx says that it's his belief that the crisis of 2008 was not a V-shaped recovery as it had been in last recessions. People try really hard to predict economic growth, but very few are able to do it right consistently,. Few do it much better than everyone else, and few correctly predict the major deviations from the trend. In order to understand market cycles, it's also important to understand the government's role in cycles.

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