Good thoughts here from Meredith Whitney. She appears to be getting even more pessimistic about the situation in the banking sector. She somehow claims to have been bullish “since the beginning of 2009”, but I can only remember one buy call this entire year – her Goldman buy call around mid-year. Nonetheless, her comments are always worth a listen:
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.