Pragmatic Capitalism
Pragmatic Capitalism explores how our global economy works and why it is more important now than ever for investors to understand macroeconomics. It explains 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.
Praise for Pragmatic Capitalism
"Chapters 7 and 8 should be required reading for all investors, economists, and politicians. Cullen has done the world a great service by seeking to talk about the economy as it actually is, rather than how it should be."
— James Montier, Analyst, GMO, and author of The Little Book of Behavioural Investing
"In Pragmatic Capitalism, Roche combines sensible advice for investors with a lucid primer on the role of money, banks, and central banking in the modern world."
— James Galbraith, Professor at University of Texas, Austin
"With Pragmatic Capitalism, Roche has written the definitive book on the topic--investors of all experience levels are advised to read this to get up to speed."
— Joshua M. Brown, author, Backstage Wall Street, The Reformed Broker blog, and an on-air contributor to CNBC
"Cullen Roche explodes all the myths that might hurt the performance of small or big investors in the financial markets. He explains in simple terms why investors can rely on neither mainstream macroeconomic theory nor the efficient market hypothesis. He shows how the monetary system truly works, such as the likely impact of public budget deficits or quantitative easing on price inflation and interest rates."
— Marc Lavoie, Professor of Economics, University of Ottawa