Enterprising Investor
Practical analysis for investment professionals

market cycles


Beware the Bubble? The US Stock Market Cap-to-GDP Ratio

The Buffett Indicator is flashing red and has been for a while now.

Howard Marks, CFA: Getting the Odds on Your Side

What are two of the most important things an investor needs to do to succeed? Howard Marks, CFA, offered his perspective.

Book Review: Mastering the Market Cycle

Howard Marks, CFA, explains why market cycles are largely driven by human psychology and behaviors.