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 Effects of Investor Attitude on Market Prices

No rational investor wants to take on any extra risk than they need to. Instead, investments that seem riskier appear to offer the promise of higher returns. In this chapter, Howard talks about how investor attitude towards risk changes over time and this leads to changes in market prices. Sometimes investors become too risk averse and sometimes they relax their risk aversion and become too risk tolerant. This ties directly into the investor emotions of greed and fear we've been talking about.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode