This conversation is too good not to share (of course you need to be a huge economics nerd to love this stuff!). I think MR is headed in a very good direction. Thanks in large part to the great discussions already occurring at the other site. Big thanks to Steve Roth, JKH, Ramanan, Vimothy, Mike S., Carlos M. and others for contributing to such an illuminating discussion. Head over there if you haven’t seen it already:
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.