Buffett said if you can't manage your emotions, you can't manage your money. This week we prove him right. Steve, Tom and Jacob break down Howard Marks' Mastering the Market Cycle: the three stages of every boom and bust, why the CAPE at 42 stacks the odds against US stocks, and why you never need to pick the bottom.

🧠 What type of investor are you? Take the 2-minute quiz 👉 https://www.totalmoneymanagement.com.au/Quiz

📰 Free newsletter 👉 https://www.totalmoneymanagement.com.au/

📊 Signals & Noise Premium 👉 https://www.totalmoneymanagement.com.au/offers/PrbobKT9/checkout

General information only, not personal advice. Total Money Management, AFSL 568642.