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.
![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.
Comments are closed.