AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
TIP559: Mastering the Market Cycle by Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Great Financial Crisis
When investors feel risk is low, they overestimate future expectations and they're too optimistic. This leads to higher than average future expected returns and lower than average potential downside risk. Howard says when others fail to worry about risk and fail to apply caution, we must in turn be more cautious. He points to the example of the great financial crisis as the greatest financial downswing of his lifetime.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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