In his most recent book Mastering the Market Cycle, legendary investor Howard Marks explains how understanding where we are in the current economic and market cycle can help investors tilt the odds in their favour. The book provides practical insight on identifying the patterns and trends that have helped Marks successfully navigate market cycles for over 40 years.
In a recent interview, Marks was asked where he thinks we stand with regard to the current market cycle. His answer falls in line with our thinking, which is that it's a time to invest with a defensive stance.
You can watch the short interview by clicking on the link below: