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.
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
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.