Millions of Americans will celebrate the birth of our nation today. That’s a good thing. It’s important to appreciate our history and celebrate what I believe is a great country. But we should also remember that our country is far from perfect and part of a much bigger global community. A big part of understanding macro is about understanding how interconnected the world is becoming. The United States is merely one country in a much bigger global economy.
In our short history I think the USA has done much right as well as much wrong. More right than wrong, but it’s a work in progress just as the entire human race is. So let’s not forget the bigger picture as we celebrate today. Yes, it’s important to embrace and enjoy our history and sense of community, but let’s not forget that we’re all part of a much bigger global community where many imperfections still lie (both foreign and domestic). The big picture matters more than it ever has so don’t lose sight of the forest for the trees.
Have a safe and happy 4th.
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.