Cullen Roche

Cullen Roche


Former mail delivery boy turned multi-asset investment manager, author, Ironman & chicken farmer. Probably should have stayed with mail delivery....

42503 followers  •  1808 follow  •    •   https://t.co/2QrUqP2CBW

One of the worst takes ever on this website. And that includes all 82 of Donald Trump's tweets from yesterday.

I've talked about how no one is self made. Luck contributes to success. The govt contributes. Your family & social structure contribute. & so does your effort, your creativity, your dedication, risk taking, etc. Anyone who undermines any of these factors is misleading you.

@AdamSinger  @econ_robThere 's a lot of truth in the old saying that the harder you work the luckier you get. Pretending this is all just chance is a little silly IMO.

To all of you who might one day remodel a house: There might come a time in this process when you need to break concrete and you will say to yourself "renting a jackhammer might be fun." But you will be wrong. Very, very wrong.

Three Things I Think I Think – I’d Like to Report a Mass Murder

Is this fortune cookie still valid if I got it after ordering Italian food at a Chinese restaurant?

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@ReformedBroker  @dollarsanddataI 'll say it: Chicken nuggets from McDonalds are excellent. And I don't care if they're made of pig intestine.

They installed special ATMs at my bank where your money goes into the machine and disappears forever.

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@DavidSchawel  In my book I wrote a chapter about how a house is a bad investment. Then I bought a house and invested a shitload of money into it.

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@morganhousel  This prediction has been exactly right. The Global Financial Asset Portfolio has generated lower returns on a 3 and 5 year rolling basis pretty consistently. The only market that has bucked the trend is US stocks. #homebias 

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The stock market is the only market where things go on sale and all the customers run out of the store....

Amazing chart here from Merrill showing the various bearish narratives that have evolved over the course of this bull market:

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John Oliver on Bitcoin: "Everything you don't understand about money combined with everything you don't understand about computers." Ha. Yep.

Dear Tariff Man, Countries don’t 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.

“We pass through this world but once, so do now any good you can do, and show now any kindness you can show, for we shall not pass this way again.” - John Bogle loved that William Penn quote. Better yet, he actually lived it.

We tried the classical gold standard from 1880-1914. We had TEN recessions and FOUR financial panics. During SIX of those recessions GDP fell over 20%.

Why lie about something that is so easy to fact check? The economy is doing fine. Why lie about it?

My year in a Tweet: Jan-Oct: Clients: “Why are we overweight bonds?” Me: “Because stocks are riskier than normal” Oct-Dec: Clients: “WHY DO WE OWN ANY STOCKS???” Me:

This is a sad stat: "[Americans] spent more than $80 billion on [lottery tickets] in 2016. That's more than they spent on movies, video games, music, sports tickets and books -- combined."

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