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Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of emerging markets matter? Why does the world's population affect my portfolio? Does the global monetary system impact my results this year? How does government intervention in markets impact my strategy? In Pragmatic Capitalism, Cullen Roche explores how our global economy works and why it is more important now than ever for investors to understand macroeconomics. Cullen Roche combines his expertise in global macro portfolio management, quantitative risk management, behavioral finance, and monetary theory to explain to readers how macroeconomics works, and provides insights and suggestions for getting the most out of their investment strategies. This book will uncover market myths and explain the rise of macroeconomics and why it impacts the readers' portfolio construction. Pragmatic Capitalism is a must for any sophisticated investor who wants to make the most of their portfolio.
Cullen Roche is the founder of Orcam Financial Group, a San Diego based financial consulting firm that works with individual investors and institutions. He previously worked at Merrill Lynch before starting a small investment partnership. He is best known for his work on the Great Recession and having predicted the housing bubble. He is the founder of the popular financial blog “Pragmatic Capitalism,” which feeds through to Seeking Alpha. He is regularly cited in The Wall Street Journal and the Financial Times.