Market cycles. How to identify and use patterns for successful investment
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The practical guide for financial markets from the living legend of Wall Street.
Many years of investment wisdom in simple language.
written by a billionaire, one of the most successful investors of his generation.
In the world around us, some events and phenomena are regularly repeated, affecting our lives 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 - and this is one of the central thoughts of this book - they are 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 tongue teaches how to recognize and evaluate the cycles, how not to fall into extremes and how to use knowledge about market cycles in order to successfully invest in the stock market.
“In my view, the success in investing has a resemblance to the choice of the winner in the lottery. In both cases, everything is determined by taking one ticket (outcome) from the drum full of tickets (the range of possible outcomes) In each case, one outcome is selected from many possible. Outstanding investors are those who better imagine what tickets are in the drum and, therefore, whether it is worth participating in the lottery. In other words, even outstanding investors - like everyone else - do not know exactly that they are preparing the future, but they have an understanding of future trends exceeding the average level. ”
Many years of investment wisdom in simple language.
written by a billionaire, one of the most successful investors of his generation.
In the world around us, some events and phenomena are regularly repeated, affecting our lives 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 - and this is one of the central thoughts of this book - they are 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 tongue teaches how to recognize and evaluate the cycles, how not to fall into extremes and how to use knowledge about market cycles in order to successfully invest in the stock market.
“In my view, the success in investing has a resemblance to the choice of the winner in the lottery. In both cases, everything is determined by taking one ticket (outcome) from the drum full of tickets (the range of possible outcomes) In each case, one outcome is selected from many possible. Outstanding investors are those who better imagine what tickets are in the drum and, therefore, whether it is worth participating in the lottery. In other words, even outstanding investors - like everyone else - do not know exactly that they are preparing the future, but they have an understanding of future trends exceeding the average level. ”
Author:
Author:Marx Howard
Cover:
Cover:Hard
Category:
- Category:Business & Money
Publication language:
Publication Language:Russian
Paper:
Paper:offset
Age restrictions:
Age restrictions:12+
ISBN:
ISBN:978-5-6042881-4-6
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