Howard Marks: The Seven Worst Words in the World

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From: https://www.oaktreecapital.com/insights/...arks-memos 

"I have a new book coming out next week titled Mastering the Market Cycle: Getting the Odds on Your Side.  It’s not a book about financial history or economics, and it isn’t highly technical: there are almost no numbers in it.  Rather, the goal of the book, as with my memos, is to share how I think, this time on the subject of cycles.  As you know, it’s my strong view that, while they may not know what lies ahead, investors can enhance their likelihood of success if they base their actions on a sense for where the market stands in its cycle"
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