Warren Buffett says it’s time to buy stocks again. His metric of total market cap as a percentage of GNP says stocks are a buy when the market falls under 75% of total GNP. He probably wishes he’d followed his own advice after his purchases of Goldman Sachs and General Electric….
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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.