We Study Billionaires - The Investor’s Podcast Network

TIP523: Financial Wisdom w/ Cullen Roche

Feb 12, 2023

01:19:53

Highlights

AI Chapters

Episode notes

Crysis always feels different/for real this time - but always recover

00:55

Asset classes = time horizon based

03:35

Why the Markets Aren't as Efficient as They Used to Be

03:34

Why the Markets Aren't as Efficient as They Used to Be

03:34

Introduction

2min

PCE vs CPI - Is PCE Better?

2min

PCE vs CPI - What's the Difference?

4min

Do You Think That Central Bankers Should Be Elected?

3min

Is the Fed a Disciplined Regulator?

3min

What Is Money?

5min

Is There a Feedback Loop Between Globalization and Interest Rates?

4min

Investing in the Global Dollar Funding Market

4min

What Is a Balance Sheet Recession?

6min

10.

Should We Rewrite the 60-40 Portfolio?

2min

11.

Is 60-40 a Balanced Index?

4min

12.

What Longer Cycles Should We Pay Attention to as Investors Going Forward?

3min

13.

Why the Markets Aren't as Efficient as They Used to Be

4min

14.

Should the European Central Bank Use the QE Program to Fight Global Warming?

4min

15.

Is ExxonMobil ESG Friendly?

2min

16.

I Don't Like the ESG Debate

5min

17.

Do You Know That Risk Is What You Don't See?

2min

18.

Optimizing Your Life for Time

3min

19.

Pensions

5min

20.

What Blind Spots Do You Think This New Generation of Investors Have?

5min

21.

Investing in a Bear Market

4min

22.

Crypto and the Stock Market

5min

23.

Millennial Investing by the Investors Podcast

2min

Stig Brodersen has invited back investment expert Cullen Roche to discuss how to optimize your portfolio for financial independence and sleeping well at night.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:05 - What the difference is between CPI and PCE.

08:31 - Whether central bankers should be elected?

14:46 - What the velocity of money is, and how it impacts inflation?

19:08 - What it means for inflation and the US dollar that the world is decoupling.

28:19 - What a balance sheet recession is and why it is important to understand investors.

34:15 - Whether the 60/40 portfolio is still working.

41:02 - Which longer cycle we are missing in the financial markets.

41:34 - Whether the next 40 years of stock market performance will look like the previous 40 years.

46:28 - Whether central banks fight global warming?

54:31 - Which portfolio to build for independence and sleeping well at night.

1:09:30 - Which bias does the new generation of investors have.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Listen to Stig's interview with Cullen Roche about Macro Investing - TIP486 or watch the video.
Related Episode: Listen to Inflation Masterclass Continued - TIP472 or watch the video.
Related Episode: Listen to Inflation Update and the recent FOMC Meeting - TIP420 or watch the video.
Cullen Roche's website, The Discipline Funds.
Cullen Roche's website, Pragmatic Capitalism.
Tweet directly to Cullen Roche.
Email Cullen at cullenroche@orcamgroup.com.
Cullen Roche's YouTube channel.
Cullen Roche’s book, Pragmatic Capitalism – Read reviews here.
Gavin Jackson’s book, Money in One Lesson - Read reviews here.

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