Human emotion drives market cycles
Howard Marks argued that cycles are driven by the pendulum of human psychology, swinging between greed/FOMO at highs and fear/depression at lows.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.
The story so far
DORMANT · 2 MENTIONS · 2 SHOWS
- THE INSIGHT BY OAKTREE CAPITAL
- Human emotion drives market cycles · THIS IDEA
- THE MEMO BY HOWARD MARKS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD