These were very good thoughts from Davos courtesy of Robert Shiller of Yale and Patrick Kron, the CEO of Alstom. They discuss the “dual economy” – the growing divergence between growth in emerging markets and developed markets. Shiller elaborates on the equity markets in the USA and describes them as “overpriced”. He also says home prices are likely to fall further.
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.