The long good buy

The Long Good Buy: Analysing Cycles in Markets explores the repeated patterns in financial markets, the factors that drive them, and how changes in economic conditions and technology drive investment opportunities. This in-depth book helps readers understand the features, characteristics and triggers of different market phases, and recognise how best to forecast future performance and make profitable investment and risk management decisions. Author Peter Oppenheimer, chief global equity strategist for Goldman Sachs, examines the relationships between financial cycles and economic cycles as well as the patterns of human behaviour that reflect, and sometimes amplify, expected economic conditions.

This unique book offers a detailed history of investment cycles and the conditions that have driven them, while discussing the many ways in which the post-financial-crisis cycle diverged from those in previous years. Detailed chapters examine investor returns over different holding periods, investigate the four phases of the equity cycle, describe the nature and shape of bear and bull markets, identify the warnings signs of bubbles and inflection points, and more. Offering valuable insight for professionals and sophisticated individual investors alike, this original and accessible book:

Provides practical tools and frameworks for assessing the risks and potential rewards as an investment cycle evolves

Describes the major changes that have occurred in economic conditions, politics and technology in the past 50 years

Explores the impact of human behaviour, sentiment and psychology on financial and economic cycles

Identifies the key factors that affect returns in equities throughout market cycles

Discusses the four phases of market cycles - despair, hope, growth and optimism - and shows how each is driven by a unique combination of factors

Illustrates how fundamental characteristics of the cycle have changed since the financial crisis of 2008/2009

The Long Good Buy: Analysing Cycles in Markets is an important resource for investors seeking to benefit from repeating financial cycles in equity markets.