Sign up to save your podcasts
Or
Share Cullen Roche - Why Macro Matters
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Cullen Roche - Why Macro Matters
Cullen Roche is the Founder of Discipline Funds. Discipline Funds is a low fee financial advisory and asset management firm. Prior to establishing his own business, Mr. Roche founded his own investment partnership in 2005 after working at Merrill Lynch Global Wealth Management where he helped oversee $500MM+ in assets under management. During the the 7 years running the partnership he was able to guide the small business to high risk adjusted returns with no negative full year returns during one of the most turbulent periods in stock market history.
Mr. Roche's primary areas of expertise include global macro portfolio construction, quantitative risk management, behavioral finance and monetary theory.
He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times. Mr. Roche is a Georgetown University alumnus, growing up in the DC area and now living in San Diego, California with his fiancée Erica and their problem child, Cal, an Australian Shepherd.
You can find Cullen's bio here: https://www.pragcap.com/meet-cullen-roche/
Detailed Show Notes:
1:34 - The fully loaded cost of housing
4:23 - Japanese real estate and what it may mean for real estate in the US
5:54 - Housing as a central component not just to the economy, but to everyone’s balance sheet
8:16 - Housing in other countries whose Central Banks are more aggressive
16:32 - How consumers act in the beginning of economic slowdowns
17:43 - The Fed is worryied about the short term inflation rate
20:41 - The likelihood or more fiscal stimulus in a big downturn
23:08 - How banking operates in panics
32:33 - How Quantitative Easing works
47:36 - The Buffett approach in investing
52:40 - Focusing on investor behavior
54:07 - The inter-temporal (mismatched time horizons) conundrum
1:02:39 - Behavioral problems in a 60/40 portfolio
1:06:17 - Thoughts on diversification
1:15:20 - The biggest benefit of understanding macro finance
View all episodes
By Bill Brewster
4.7
242242 ratings
Cullen Roche is the Founder of Discipline Funds. Discipline Funds is a low fee financial advisory and asset management firm. Prior to establishing his own business, Mr. Roche founded his own investment partnership in 2005 after working at Merrill Lynch Global Wealth Management where he helped oversee $500MM+ in assets under management. During the the 7 years running the partnership he was able to guide the small business to high risk adjusted returns with no negative full year returns during one of the most turbulent periods in stock market history.
Mr. Roche's primary areas of expertise include global macro portfolio construction, quantitative risk management, behavioral finance and monetary theory.
He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times. Mr. Roche is a Georgetown University alumnus, growing up in the DC area and now living in San Diego, California with his fiancée Erica and their problem child, Cal, an Australian Shepherd.
You can find Cullen's bio here: https://www.pragcap.com/meet-cullen-roche/
Detailed Show Notes:
1:34 - The fully loaded cost of housing
4:23 - Japanese real estate and what it may mean for real estate in the US
5:54 - Housing as a central component not just to the economy, but to everyone’s balance sheet
8:16 - Housing in other countries whose Central Banks are more aggressive
16:32 - How consumers act in the beginning of economic slowdowns
17:43 - The Fed is worryied about the short term inflation rate
20:41 - The likelihood or more fiscal stimulus in a big downturn
23:08 - How banking operates in panics
32:33 - How Quantitative Easing works
47:36 - The Buffett approach in investing
52:40 - Focusing on investor behavior
54:07 - The inter-temporal (mismatched time horizons) conundrum
1:02:39 - Behavioral problems in a 60/40 portfolio
1:06:17 - Thoughts on diversification
1:15:20 - The biggest benefit of understanding macro finance
More shows like The Business Brew
View all
We Study Billionaires - The Investor’s Podcast Network
3,371 Listeners
The Meb Faber Show - Better Investing
926 Listeners
Grant’s Current Yield Podcast
664 Listeners
Capital Allocators – Inside the Institutional Investment Industry
798 Listeners
Focused Compounding
271 Listeners
Chit Chat Stocks
188 Listeners
The Acquirers Podcast
302 Listeners
Value Investing with Legends
207 Listeners
Excess Returns
65 Listeners
Value Hive Podcast
91 Listeners
The Memo by Howard Marks
403 Listeners
Yet Another Value Podcast
105 Listeners
Business Breakdowns
352 Listeners
Behind the Balance Sheet
45 Listeners
Forward Guidance
274 Listeners