Richard Bernstein has always been one of the most levelheaded analsyts on Wall Street. He was very bearish during the tech debacle and was equally bearish in the years leading up to the housing downturn. He turned bullish in mid-2009 and explains why he remains so. Like myself, Bernstein sees the investor community substantially underestimating the outperformance in corporate profits:
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.