That’s how much Carlos Slim, Warren Buffett and Bill Gates lost this year. $68B sounds like a lot of money, but that’s about how much AIG lost last QUARTER or roughly 9% of the Obama spending plan. The Forbes billionaire list this year is a who’s who of billionaire survival….Not surprisingly many of the 17% who made money this year are investors who had the prescience to see this debacle coming. Among them John Paulson, James Simons and George Soros.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.