That said, there’s nothing wrong with being active in the market. This should be a concern, but Democratic economists are not worried. Cullen O. Roche Orcam Financial Group Date Written: February 22, 2016 Abstract Over the last 75 years there have been great strides in modern finance, portfolio theory and asset allocation strategies. 135 Responses to “Mark Sadowski on Cullen Roche” Ben J 27. Hello, Sign in Cullen Roche - 11/30/2020 11/30/2020 Warning – this one could put you to sleep if you’re not an econ nerd. But I think there’s two very important lessons to remember when reading these kinds of articles: NB – Here’s the article that triggered me. It is not all encompassing, but provides a broad understanding of the issues that Orcam Financial Group finds most pertinent. 1) Happy new year! After I graduated I registered as a Democrat. Cullen Roche - 01/06/2021 01/06/2021 One of the long running themes on this website is low inflation and debunking narratives about how very high inflation might be around the corner. To many others it’s sad news. Well, it looks like it’s going to be another year of Zoom calls so what better way to start it off than a podcast recorded on a Zoom call.  – David Foulke, Alpha Architect, with an excess lifetime return of -54%. After all, this is literally our life’s savings. What a wild year it’s been. US government debt now stands at $20 trillion, or roughly 100% of GDP. Show Excess Returns, Ep Making Sense of Fed Intervention, Fiscal Stimulus and MMT with Cullen Roche - Dec 17, 2020 ‎The way economic policy is implemented has undergone some major changes in the past decade. We all have to make active decisions across our lives and as someone who has most of his net worth tied up in his own company I’d be hypocritical if I wasn’t a proponent of concentrated bets. My Review is after the break. The headline of this article is something you’ll very rarely, if ever, see in the financial press. I guess I just couldn’t [ … ], One of the long running themes on this website is low inflation and debunking narratives about how very high inflation might be around the corner. Because money is the most important tool we use [ … ], "While Ben Graham was the consummate 'bottom up' investor, it could be said that Cullen Roche is the consummate 'top down' investor." Awful in many ways and weirdly good in others. This Man Lost Everything Betting on Stocks, The Psychology of the Stock Market, in One Image, Understanding Modern Portfolio Construction, The Only Basic Financial Advice You’ll Ever Need. There are hundreds of great sites out there and we almost certainly missed some fantastic. I want more details on your views/forecasts on …, Hi Cullen, It is with that in mind that I picked up Pragmatic Capitalism by Cullen Roche. I will do my best to translate this into English for those who feel like it’s Chinese. Cullen Roche is a finance guy who got disillusioned with Wall Street (proof enough that he is not a greed obsessed psychopath) and … Just kidding [ … Please use this section as a resource for education on the world of money, finance & economics. When most of us buy stocks on a secondary market we are allocating some of our savings in companies in which we usually have no involvement and no expertise. I will not parse words here. You don’t need to just pile all your money in a Vanguard Index fund and ride the waves. I like to work from a first principles understanding, looking at things … Most of this is survivorship bias that promotes an imprudent gambler’s mentality. Find Cullen Roche of Seeking Alpha's articles, email address, contact information, Twitter and more pragcap.com — How Things WorkInvesting BasicsMacro PerspectivesMost Recent Stories There’s this obsession with physical money in life. Three Things I Think I Think – Happy New Year! Cullen Roche - 12/17/2020 We took a break from the 2020 podcast world tour due to some engine problems in the old RV, but we got things working again and we’re back. Read it at your own risk.Â, The Stock Market is Not Where You Get Rich, "While Ben Graham was the consummate 'bottom up' investor, it could be said that Cullen Roche is the consummate 'top down' investor." I wanted to ask him why, but didn't get the chance. Three Things I Think I Think – Happy New Year! Cullen brings investors back to reality by smartly forcing a no nonsense gut check. Meaning, 93% of everything else is not Tesla or Microsoft or whatever story stock you might read about in these articles. In fact, you have better odds of picking the right spin of the roulette wheel than you do picking the next Tesla (and actually holding onto it through the ups and downs and timing the entry/exit). I am perfectly fine with active management and have long debunked the idea that “passive investing” is even a thing. Total downloads of all papers by Cullen O. Roche If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 … When I invest money in my company I am investing for future production in a business and industry in which I have a specific expertise. I read that response from him at one of his threads at his website a fortnight back. This Man Lost Everything Betting on Stocks, The Agony and the Ecstasy – the Risks and Rewards of a Concentrated Stock Investing. Jelly Donut Podcast #36 was recorded on Wednesday May 27, 2020. From an economic and financial perspective understanding precisely what money is and how it influences the economy is crucial. Buy this book to get one of the smartest, most under-rated minds in finance to explain macroeconomics simply yet thoroughly. 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