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Investing in the Second Lost Decade: A Survival Guide for Keeping Your Profits Up When the Market Is Down by Tom J. Kopas, Joe D. Turner, Martin J. Pring

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CHAPTER 6INTRODUCTION TO THE BUSINESS CYCLE

Harnessing business cycle knowledge is the most powerful tool an investor can utilize to successfully balance risk and reward in portfolios. Unfortunately, real-world knowledge and understanding of business cycles is greatly undervalued by consumers, business owners, and, most important, investors. How can you capture the power that changes in business activity provide? This chapter presents the practical value of applying basic business cycle knowledge to take advantage of profitable opportunities to enhance and protect personal net worth.

Earlier, in Chapter 2, we defined in the simplest terms what a business cycle is. First, in this chapter we further define and illustrate the typical four- to five-year ...

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