Cullen Roche
43.7K posts
Cullen Roche
@cullenroche
Founder & CIO @disciplinefunds ๐ | Author of Your Perfect Portfolio & Pragmatic Capitalism ๐| Defined Duration Investing โ| Board at Cambria ETFs ๐ธ
- Something people don't talk about enough is that having kids aged 0-4 is super hard, but then they turn 5 and they turn into the best little friend you could possibly imagine.
- What would it take for tariff supporters to admit this was a bad idea? Stocks down 30%? Unemployment up to 5-6%? Nothing? Power thru any downturn?
- Just finished a Karl Marx autobiography. Karl: - was born into a wealthy family. - had trouble holding a job. - was a media influencer via various failed newspapers. - relied on a pension from his friend who got his $ from his dad. Karl was...the first Millennial.
- Just to summarize whatโs happened in the last few weeks: They concocted this whole thing based on a fundamental misunderstanding of the global economy. They think manufacturing jobs will come back (they wonโt). They think free trade made us poor, when it actually made us rich.
- Having kids aged 0-3 is like buying into a bear market. It's so hard, but when they get to be about 4 years old they turn into the most awesome little investments you ever made.
- You paid $250K on an Ivy League finance degree and spent 3,000 hours getting the CFA only to learn that this is the modern day quant.Satoshi Nakamoto visited me in my dream last night and predicted that #Bitcoin would be at $84,650 on November 5, 2024. Not financial advice.
- $35 TRILLION in global market value erased since the beginning of the year. That's 14% of all global wealth. Includes the $1T losses in crypto. For reference - 2008 was a 19% decline.* * Doesn't include non-financial assets such as housing.
- Stocks fall 20%: "Stop crying you babies" 10 year rates move 0.36% higher to where they were 7 days ago: "WE NEED TO SHUT DOWN THE TREASURY AUCTIONS" Incredible stuff.Iโm hearing they are dumping UST to try and move rates to shift narrative and make our upcoming Treasury auctions more expensive. May make sense to delay auctions to next week. China canโt sell indefinitely.
- The US stock market is now 63% of global market cap, up from 60.5% at the beginning of the year. The next biggest market is...Japan at 5.6%.
- Dear Tariff Man, Countries donโt pay tariffs. US customs holds imported goods until the tariff is paid by the AMERICAN importing company. Please call US Customs at 1-877-227-5511 so you can learn how this works and stop taxing US companies/citizens.....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
- Wild to think that we're doing this to ourselves because a small group of people don't understand the most uncontroversial thing in macroeconomics and then implemented it based on a misunderstanding of an equation that was based on no analysis.
- "If the highest income generating entity on Earth, that has a printing press, is not AAA then everything else is something lower."
