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The Long Good Buy
Book

The Long Good Buy

Analysing Cycles in Markets

Peter C. Oppenheimer
Wiley, 2020

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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Insider's Take

Recommendation

In this insightful exposition, Peter C. Oppenheimer, a top strategist for Goldman Sachs, examines financial markets from the perspective of historical cycles. He discerns patterns over time – some arising from policy and technology, others associated with stakeholder behaviors – that can point, to some degree, to future economic conditions that will ultimately translate into market performance. While getAbstract never offers investment advice, those interested in a robust examination of what drives market cycles will find strategic and tactical lessons in this valuable text.

Take-Aways

  • Investors can reap substantial profits by understanding economic and market cycles.
  • Markets go through four phases: “despair, hope, growth and optimism.”
  • Equities fall into four types: “Cyclical Growth, Cyclical Value, Defensive Value and Defensive Growth.” 

About the Author

Peter C. Oppenheimer is chief global equity strategist and head of macro research in Europe for Goldman Sachs.

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