What’s the profit cycle? How does a company’s debt affect its true profits? Howard Marks says that the economic cycle is closely related to another foundational cycle: the profit cycle. The profit cycle undergoes sharp swings as profits regularly increase far more than 5% or decrease far more than 2%. Continue reading to learn why the profit cycle experiences these sharp swings.
The 2 Reasons Why the Profit Cycle Undergoes Sharp Swings










