Market cycles. How to identify and use patterns for successful investment. Marx G.

In the world around us, some events and phenomena are regularly repeated, influencing our life and actions. Understanding of cyclic patterns frees us from the need to re -make decisions each time in similar circumstances. Financial markets also work in accordance with standard scenarios, some of which are commonly called cycles. They are generated by external circumstances, but this is one of the central thoughts of this book to no less affected by the ups and downs of the emotional and psychological state of a person and the behavior associated with him. One of the greatest investors of his time Howard Marx with a lively and easy language teaches how to recognize and evaluate cycles, how not to fall into extremes and how to use knowledge about market cycles in order to successfully invest in the stock market.