A NEW YORK TIMES, WALL STREET JOURNAL, AND USA TODAY BESTSELLER

The legendary investor shows how to identify and master the cycles that govern the financial markets.

"A MUST-READ" Ray Dalio, bestselling author of Principles and Co-Chief Investment Officer and Co-Chairman, Bridgewater Associates

"WHEN I SEE MEMOS FROM HOWARD MARKS IN MY MAIL, THEY'RE THE FIRST THING I OPEN AND READ" Warren Buffett

"HOWARD IS A LEGENDARY INVESTOR" Tony Robbins

We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets, and companies, but also human psychology and the investing behaviors that result.

If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. You'll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed.

By following Marks's insights - drawn in part from his iconic memos over the years to Oaktree's clients - you can master these recurring patterns to have the opportunity to improve your investing results.

SEE WHAT REVIEWERS ARE SAYING ABOUT MASTERING THE MARKET CYCLE:

⭐⭐⭐⭐⭐ "This book lays the timeless fundamentals for investment success"

⭐⭐⭐⭐⭐ "A must-read"

⭐⭐⭐⭐⭐ "Excellent book on cycles and psychology"

"Wolny gives us all the basics on paying off debt, getting impulse spending under control, socking away money for the future, investing and so forth, and he does it with a verve you don’t usually find in personal finance books. . . . a fun, well-written primer on a subject that’s usually a snooze." —The New York Times

From “the authority queer consumers need” (Daniel Reynolds, editor-in-chief of Out), Out magazine finance columnist Nick Wolny’s fun, witty, and practical step-by-step guide to personal finance—a life-changing roadmap to financial independence for queer people to secure their futures in a challenging world.

When Nick Wolny became a personal finance editor, he noticed how often typical money advice clashed with the exuberance of queer culture. Once he dug deeper, Nick identified why certain financial obstacles hit queer people harder—and how behaviors of seeking out acceptance can have a major impact on our hearts, minds, and wallets. In Money Proud, Nick shares his financial expertise through a lavender lens to help you construct your roadmap to financial independence and personal prosperity

Written with smart humor and jam-packed with finance tips, Money Proud includes:

• The only money map you’ll ever need to plan for your financial goals
• A guide for unlearning homophobic money advice you didn’t realize you internalized
• Simple ways to make more money and control spending, without dulling your lifestyle
• Investment strategies to build your legacy and make your money work smarter for you—today
• Practical, stylish PSAs on life’s many money-related to-dos, including how to make sense of your taxes, cultivate gayborhood-like community from anywhere, and create a purpose-driven and lucrative career

Honing in on the nuts and bolts of financial wellness, Money Proud includes illuminating data alongside powerful anecdotes from queer people who have successfully overcome their money obstacles. At a time when anti-LGBTQ+ legislation and queerphobic mudslinging dominate our culture, financial independence is the key to securing your future.

Living a life with pride means not only embracing who you are, but also cultivating practices that support who you want to become. And reading is fundamental!