Market cycles
Listen to the master of the market cycle, Howard Marks, speaking at Bloomie this week here (or click on the image below):
Uncannily we put out a few pieces on the theme of ‘thinking in bets’ only recently.
From 6 minutes in, notes Marks:
-buying stocks regardless of price is a recipe for disaster
-index funds promoting and people saying 'no price too high' is the ultimate sign of a bubble
-it's not what you buy it's what you pay for it - price always matters
