Great three part interview here with Leon Black, Founder of Apollo Management. He explains how this is the most challenging economic cycle he has ever experienced and the $2T black hole of commercial real estate that has yet to implode. He thinks the banks are in the “4th or 5th inning” in terms of cleaning their balance sheets.
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.