Cullen Roche: Macro Is About Understanding the World for What It Is

<p>Our guest today is Cullen Roche. Cullen is the founder and chief investment officer of the Discipline Funds. In addition, Cullen heads up Orcam Group, a registered investment advisory firm he established in 2012. Cullen also authors the popular blog "Pragmatic Capitalism," where he writes about a range of macroeconomic and investing topics. He is active on social media, including Twitter, where you can find him at @cullenroche. Cullen started his career as an advisor at Merrill Lynch and did a stint at an event-driven hedge fund before starting his RIA firm. He received his bachelor's degree in finance from Georgetown University's McDonough School of Business..</p><p><strong>Background</strong></p><p><a href="https://www.linkedin.com/in/cullenroche/">Bio</a></p><p><a href="https://www.pragcap.com/blog/">Pragmatic Capitalism Blog</a></p><p><a href="https://www.amazon.com/Pragmatic-Capitalism-Every-Investor-Finance/dp/1137279311/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1641836750&sr=1-1"><i>Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance</i></a>, by Cullen Roche</p><p><strong>Macroeconomics and Financial Planning/Advice</strong></p><p>“<a href="https://www.pragcap.com/three-things-i-think-i-think-macro-thoughts/">Three Things I Think I Think—Macro Thoughts</a>,” by Cullen Roche, pragcap.com, Aug. 3, 2021.</p><p><a href="https://www.amazon.com/Psychology-Money-hardback-Timeless-happiness/dp/0857199099/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1641837895&sr=1-1"><i>The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness</i></a>, by Morgan Housel</p><p>“<a href="https://www.pragcap.com/important-investment-factor-behavior/">The Most Important Investment Factor—Behavior</a>,” by Cullen Roche, pragcap.com, April 6, 2018.</p><p>“<a href="https://www.pragcap.com/what-is-the-value-of-financial-advice/">What Is the Value of Financial Advice?</a>” by Cullen Roche, pragcap.com, Sept. 18, 2019.</p><p>“<a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2397992">Underst