Latest Posts
Cullen Roche - 03/17/2019
I’ve noticed a trend in some economic circles that seems to stem from the Positive Money and MMT people – this idea that government “debt” is “equity”. While the taxonomy [ … ]
Cullen Roche - 03/07/2019
I’ve been careful in my research on money not to call money a “store of value”. There’s a good reason for this which I will try to explain in this [ … ]
Cullen Roche - 03/03/2019
Warning – This is going to be another nerdy one. I apologize in advance.
Cullen Roche - 03/01/2019
Modern Monetary Theory, aka MMT, has hit the mainstream and some Liberal politicians like AOC are giving it full-throated endorsements. I need to stop playing Mr. Politically Correct with this [ … ]
Cullen Roche - 02/24/2019
The 2018 Berkshire Hathaway letter to shareholders is 14 pages of the usual goodness, but I wanted to skip right to the end and all the best stuff. Over pages [ … ]
Cullen Roche - 02/17/2019
Discussions on interest rates tend to fall into two camps – the state based view and the market based view. The state based view says that the government can always [ … ]
Cullen Roche - 02/08/2019
Update – Apparently the FAQ mentioned in this piece was said to be “Conservative propaganda” before later being correctly referred to as a mistake by the AOC camp. This does [ … ]
Cullen Roche - 02/06/2019
(I did a quick hit on Bloomberg TV yesterday discussing buybacks, but I wanted to dive in in a bit more detail. You can see my brief comments here at [ … ]
Cullen Roche - 02/05/2019
One of my favorite things to think about in investing is the theoretical investor who slept through 1987. We all know about “Black Monday”, the crash of 1987, when stocks [ … ]
Most Popular Posts
Cullen Roche - 03/26/2018
I was reading this article in the NY Times about a wide ranging diet study. They performed a meticulously controlled test to study what type of diet works best. Their [ … ]
Cullen Roche - 08/20/2017
The WSJ was out with a piece discussing outflows from DoubleLine’s Total Return Bond fund this week. One of the reasons for the outflows was cited as the lack of [ … ]
Cullen Roche - 09/16/2016
Bonds have always struck me as fairly simple instruments. In general, you know what a (high quality) bond’s return will be and you know what its time horizon is. That [ … ]
Cullen Roche - 03/24/2016
If I had to pinpoint the biggest problem for most asset allocators I would probably say short-termism. Short-termism is the tendency to judge financial markets in periods that are so short [ … ]
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