I just finished reading, and enjoying, Mastering the Market Cycle.Packed with wisdom and practical insights, the book is a wonderful tutorialfor market novices, and a very useful review for market veterans.

Repetition of material is pushed to the limit. Restating what is stated in a long past memo to investors and then restating the restatement multiple times through-out the book. Nothing new was revealed or explored - basically not helpful and a bit boring.

I was expecting a much more detailed explanation of market cycles and the techniques to exploit them. This book would be better titled "Why you should pay attention to market cycles". If you're looking for a technical book on tatical asset allocation through different market cycles, I highly recommend "Applied financial macroeconomics and investment strategy". Overall, if you are above novice level of investor I do not recommend this book. However, if you are novice level then this book can give you solid general philosophies and general strategies which is essential when beginning your investing journey.

I was disappointed by this book. I have been a HUGE fan of Howard Marks' Oaktree memos. They are well-thought out, well-edited, and have useful information. Unfortunately, this book makes broad, repetitive generalizations with no data to prove its points. Yes, he says in 12 different ways that it's better to buy during the depths of a recession and sell during bubbles/manias, but zero actionable information is revealed in this book. No rules of thumb. No metrics. No resources. It ends by saying that most of the time, we are in between bubbles and deep recessions, and it's super hard to make money during these middle periods even though it can be more than a decade between these market extremes. Gee, thanks.

Found the book quite repetitive with a number of brushstrokes on the subject matter with no key real insights.