In this podcast, Motley Fool senior analyst Bill Barker and host Deidre Woollard discuss:

The latest memo from legendary investor Howard Marks takes a look at past cycles. Deidre and Motley Fool host Ricky Mulvey explore the memo and the danger of focusing too much on the big macro.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

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Source Fool.com