Market Cycles. How to Identify and Use Patterns for Successful Investing

In the world around us, certain events and phenomena regularly repeat themselves, influencing our lives and actions. Understanding cyclical patterns frees us from having to make decisions anew each time in similar circumstances. Financial markets also operate according to typical... scenarios, some of which are commonly referred to as cycles.
They are generated by external circumstances, but — and this is one of the central themes of this book — they are equally influenced by the ups and downs of human emotional and psychological states and the related behaviors. 
One of the greatest investors of his time, Howard Marks, teaches in a lively and accessible way how to recognize and evaluate cycles, how not to fall into extremes, and how to use knowledge of market cycles to successfully invest in the stock market.