MASTERING THE MARKET CYCLE (BY HOWARD MARKS) 

You should do a summary of Robert Lichello's book How to make $1,000,000 in the stock market automatically. Best investing book I ever read.

Hi how are you lm fine the swedish investor

📳

You are a genious

​@quicksandd The Swedish investor deserves to earn something for his output.

This is so true

He is climbing his way up ☝️

Haha, I appreciate it Suyog Patil! I hope I'll be able to live up to that hype by producing more valuable content for you here in the future 😊

yep, cause it is educatinal, and u know how interested people are to learn. Good for people who learn.

@@TheSwedishInvestor Do you take donations? I'd love to pay you back some for the value you create for the community!

Agreed. Different investors have different approaches to this, and apparently, they can all be successful. Howard Marks has achieved major success using this approach, Buffett has achieved major success without analyzing the cycle specifically. Buffett is still being aggressive at times and defensive at other times just as Howard suggests, but his approach is much more indirect (if there are no great companies at fair prices in the market, he waits on the sidelines).

Cheers Jay! The legendary investors all had/have their techniques for timing the markets, although some did/do it (like Buffett) only by looking at individual stocks, pretty much ignoring the market overall

Thank you Robert Melvin! 🙌 I definitely think that the book is worth a read, it goes into much greater detail about some of the points, and it also covers many takeaways that I couldn't fit in the video, like the best traits to become a successful investor, what a superior investment philosophy needs etc.

Cheers Deepak Bhoria, I appreciate your support! I'm quite flattered by the number of people who have subscribed up until this point I have to say. I certainly didn't expect it when I started this channel!

Thank you for your support M.C. 😁👍

@@TheSwedishInvestor Dear Sir, thank you for your excellent summaries. May I suggest two other books? 1)The Little Book of Bull Moves in Bear Market. 2) The Little Book of Bull's Eye Investing?

When trading you have to be right twice. This detours most traders into investing once you explain it to them.

Thank you, blessings to you

Wish you the same!

Same to u. And thanks for the love ❤️

You to 💯

Thank you for your suggestion & support John K! I will make some type of video on my portfolio in the future, but it is not planned in the near-term. Anyhow, stay tuned :)

Cheers! 😁

Great question. If it is quite even, the market is not excessively high nor excessively low. There's no tendency for a movement in either direction in that case 👍 Please note that you can find the original version of the list from Howard Marks here: www.oaktreecapital.com/docs/default-source/memos/2006-03-27-it-is-what-it-is.pdf?sfvrsn=2 (the list is a bit more extensive than I presented it in the video)

Cheers Segey Dimitrov! Love the support!

Happy to hear it man! Cheers! 😁

I'm happy to hear that the content on the channel has been valuable to you Sarthakk Gangwani. Also, it is awesome that you start at such an early age, you truly have a great opportunity to have compound interest working in your favor. I cannot explain in one comment what you are asking for, but I will give some general advice: - Read and learn as much as you can (about investing in general) - Start to investigate strong companies. It's important to build up a data-base of possible opportunities in your mind early - Do not listen to specific investing advice, pick your own stocks - Really go out of your way to gather that starting capital - Make mistakes early. Small portfolio = manageable mistakes, large portfolio = potentially devastating mistakes

@@TheSwedishInvestor but in India you're not allowed to trade until 18 years as you need something called PAN to make demat account,which is only for adults

Cheers!

Cheers Matt Commins! 😁

@Mr. 8-Bit Doggo I don't know the answer to that.

I’m very bullish for now - imo the Cycle ended in 2018 with oil exploration stocks at highs same as 2008 - home building stocks & tech have soared like 2009/10 - financials & biotech have gone like 2011/12 we have good tailwinds - unemployment is low - no banking crisis - the dollar should improve helping transport stocks which just hit new highs - im very bullish on airline stocks - unless we get a war - I bought on Trumps Iran announcement

Where would you say we are currently?

Cheers Sarthakk Gangwani! Thankful for your support!

Thank you man, I appreciate the support!

Cheers My50Cent 🙌 I guess someone could share the information about mastering the market because he feels like he has beaten that game in life already, and wants to move on to other endeavors (teaching, becoming an author etc)

Mastering the market isn't really the difficult part imo, the harder problem is understanding the stocks you want to invest in. Understanding the cycle seems kind of "trivial" in the sense that no one can actually predict it, rather you just learn how to adjust your portfolios risk in relation to what direction the market is headed. For example we know that a recession is on the horizon but it's hard to say if that's happening right now or if it's going to work itself out and hold out a bit longer. So you probably don't want to sell all of your stock in hopes that the market tanks, rather you spread your portfolio out so that if it does crash you wont take major losses. Trade-off is that your potential gains are lowered quite a bit and it's possible that the stock doesn't actually crash and you kind of stagnate. But even so, this puts you ahead of everyone else and in the long run you'll get good returns anyways. I don't actually know tons about all of this so take that with a grain of salt but my real takeaway is that no one can accurately predict the market exactly but the people who succeed are good at mitigating risk when the time is appropriate. Even then people make mistakes, like Warren Buffet who lost a bit of money last march (I think?) since he thought the market would enter a recession sooner than it did. Notice how he didn't throw all of his money back in though, he's continually taken it out and once the recession hits, he'll be ready to buy back as recovery comes back around. He lost short term but in the long run he'll make more money than most.

Haha I’m happy to hear that you though it was an educative 15 minutes BluesyBor 😁 (or perhaps a lengthy education ..? 😉)