As always, Niels Jensen’s monthly letter is a must read. This particular issue will be a bit at odds with recent commentary from Jeremy Grantham and is more in-line with my own thinking – never bet against human ingenuity….Enjoy.
“So, when Jeremy Grantham states that we are in the midst of a paradigm shift, I agree. But I don’t agree as to what that shift entails. Like Dylan Grice, I am optimistic on behalf of mankind and believe that ingenuity will ultimately see us through this crisis. Winston Churchill once said: “Americans can always be counted on to do the right thing – after they have exhausted all other possibilities.” I believe the same logic applies to our political leaders.”
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.