I’m in the middle of another class this week and for the past week, I’ve been trying to crack one of the best books ever written on market cycles. Lars Tvede clearly hit the ball right out of the park with his bible Business Cycles and I strongly urge serious investors to read this book as it is clear and actually gives the reader a chance to quantitatively chart the business cycle if they can have access to economic data.
This book is extremely broad and covers the history of myriad attempts at defining the cycle as well as what is experienced for investors on the ground. My only regret is that it is impossible to summarise the book for my students.
I probably need a few months to engineer a tool to create a business cycle for Singapore.
A few useful lessons I picked up from the book :