Understand the four phases of the financial market cycle to make the best possible decisions and dodge the worst downturns.

Gompers, Paul, Anna Kovner, Josh Lerner, and David Scharfstein. "Venture Capital Investment Cycles: The Impact of Public Markets." Journal of Financial Economics 87, no. 1 (January 2008): 1–23.

public investment growth peaks much later during the electoral cycle (see Chart 3, right panel), and the deceleration of public investment is smaller. This could be explained by three interrelated ...

Our economy goes through different stages of the economic cycle, where different types of investments will do better or worse. At my firm, we adjust the general allocation of stocks, bonds and ...