Tesco
The Long Good Buy
Book

The Long Good Buy

Analysing Cycles in Markets

Peter C. Oppenheimer
Wiley, 2020

Read or listen offline

  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

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.

Comment on this summary or Diskussion beginnen