TIP486: Macro Investing w/ Cullen Roche

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>01:22 - Why and how do we need to understand the macro environment when we invest</li><li>07:18 - Why we should think of the economy as we think of the human body</li><li>19:02 - Why the traditional buy-and-hold equity strategy is flawed</li><li>26:20 - Why a house we live in is typically not a good investment</li><li>35:16 - How has the stock market performed after inflation and taxes?&nbsp;</li><li>40:38 - Why investors are not globally diversified when they&nbsp;invest in the S&amp;P500</li><li>48:27 - Why bonds bear markets are different from bear markets in stocks</li><li>55:58 - Why diversification is about hating some of your portfolio all of the time</li><li>1:03:49 - How money creation will change with a digital currency by central banks</li><li>1:11:53 - What is yield curve control, and how is it exercised?&nbsp;</li><li>1:16:08 - What is the third mandate of the FED?</li></ul><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Stig's first part interview with Cullen Roche about <a href="https://www.theinvestorspodcast.com/episodes/inflation-masterclass-w-cullen-roche/" rel="noopener noreferrer" target="_blank"><strong>Inflation</strong></a><strong>.</strong></li><li>Cullen Roche's website,<strong> </strong><a href="https://disciplinefunds.com/" rel="noopener noreferrer" target="_blank"><strong>The Discipline Funds</strong></a>.</li><li>Cullen Roche's website, <a href="https://www.pragcap.com/" rel="noopener noreferrer" target="_blank"><strong>Pragmatic Capitalism</strong></a>.</li><li>Tweet directly to <a href="https://twitter.com/cullenroche" rel="noopener noreferrer" target="_blank"><strong>Cullen Roche</strong></a>.</li><li>Email Cullen at<strong> </strong><a href="mailto:cullenroche@orcamgroup.com" rel="noopener noreferrer" target="_blank"><strong>cullenroche@orcamgroup.com</strong></a>.</li><li>C