Mastering the Market Cycle is a practical and insightful guide to understanding how economic and market cycles work—and how smart investors can navigate them successfully. Legendary investor Howard Marks explains why cycles are inevitable in investing and how emotions like greed and fear amplify booms and busts. Rather than predicting exact highs and lows, the book teaches readers to recognize where they are in a cycle and adjust risk accordingly. Using clear examples from credit, real estate, and stock markets, Marks emphasizes disciplined thinking, patience, and risk control. The writing is accessible yet deeply informed, making complex concepts easy to grasp. Thought-provoking and timeless, this book is essential reading for investors who want to make better decisions across changing market conditions.