Summary of Mastering the Market Cycle

Excerpt From Summary of Mastering the Market Cycle

#1

The most important thing an investor can do is be aware of cycles, and how they affect the stock market. Good cycle timing combined with an effective investment approach and the involvement of exceptional people has accounted for the vast bulk of Oaktree Capital Management's success.

#2

Patterns and events recur regularly in our environment, influencing our behavior and lives. Human psychology and behavior play a big part in creating them, and can profoundly affect investors. If we pay attention to cycles, we can come out ahead.