Founder at Orcam Financial Group, LLC

Mr. Roche is the founder of Orcam Financial Group, LLC, a low fee financial services firm based in San Diego, CA as well as the founder of the popular financial website Pragmatic Capitalism. 

Orcam Financial Group, LLC is a low fee ... more

ALL CONTRIBUTIONS

Three Things I Think I Think – Shrinkage, Inflation & Trickle Down
There has been a lot of chatter lately about the shrinking of the public markets. This NY Times piece says the shrinkage is a problem for everyone.
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Three Things I Think I Think – Tesla X 3
Tesla has a $0 marketing budget. They rely entirely on word of mouth and organic news to generate buzz about their business. This is really interesting in the scope of the stock market.
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Why Are Banks Special?
If we think of banks through history we can basically show that they took a simple cash based payment system run mostly by the government and said “we can make this better”.
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Three Things I Think I Think – GDP, Housing And Bad Narratives
For all the talk about how great the Q2 GDP was going to be, I have to say that I wasn’t really that impressed. The year over year rate comes in at 2.8% which is not really that impressive.
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Inflation Update – Still Not Flatin’ Too Much
The June CPI report showed a core inflation rate of 2.3%.
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Who Are The Greatest Investors Of All-Time?
The greatest investors are not merely those whose performance was outstanding, but those people who constructed a process by which more people outperformed thanks to the lessons they provided.
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STOCKS I FOLLOW

AA Alcoa Inc.
AAPL Apple Inc.
ADRU BLDRS Europe 100 ADR Index Fund
AIG American International Group Inc
BEAT BioTelemetry, Inc.
BP BP p.l.c.
CBS CBS Corporation
COIN Converted Organics Inc.
COPX GLOBAL X COPPER MINERS ETF
CS Credit Suisse Group AG
CSCO Cisco Systems Inc.
CSX CSX Corporation
CU First Trust ISE Global Copper Index Fund
DBC PowerShares DB Commodity Index Tracking Fund
DIA SPDR Dow Jones Industrial Average
DXBBF DEXIA STRIP VVPR
ETN Eaton Corporation
EUFN iShares MSCI Europe Financials Sector Index Fund
EWD iShares MSCI Sweden Index Fund
EWG iShares MSCI Germany Index Fund
EWJ iShares MSCI Japan Index Fund
EWP iShares MSCI Spain Index Fund
EWZ iShares MSCI Brazil Index Fund
FB Facebook Inc
FDX FedEx Corporation
FNFG First Niagara Financial Group Inc.
FXE Euro Currency Trust
FXI iShares China Large-Cap
GE General Electric Company
GLD SPDR Gold Trust ETF
GS Goldman Sachs Group Inc.
HBAN Huntington Bancshares Incorporated
HLF Herbalife Ltd.
IEF iShares Lehman 7-10 Year Treasury Bond Fund
INTC Intel Corporation
IYR iShares Dow Jones U.S. Real Estate Index Fund
IYT iShares Dow Jones Transportation Average Index Fund
JJC iPath Dow Jones-AIG Copper Total Return Sub-IndexSM ETN
JPM JPMorgan Chase & Co.
KBE SPDR Series Trust
KBH KB Home
KME SPDR Series Trust
LOW Lowe's Companies Inc.
MS Morgan Stanley
NFLX Netflix Inc.
OILB iPath B S&P GSCI Crude Oil TR ETN
PSI PowerShares Dynamic Semiconductors Portfolio
REZ iShares FTSE NAREIT Residential Index Fund
RTH Market Vectors Retail ETF
SCHW The Charles Schwab Corporation
SEA Guggenheim Shipping ETF
SLV iShares Silver Trust
SLX Market Vectors Steel Index Fund
SPY SPDR S&P 500
STT State Street Corporation
TLT iShares Lehman 20+ Year Treasury Bond Fund
UGA United States Gasoline Fund LP
UPS United Parcel Service Inc.
UUP PowerShares DB US Dollar Index Bullish Fund
VXX iPath S&P 500 VIX Short-Term FuturesTM ETN
XHB SPDR S&P HMBLDRS IDX FND
XLF Financial Select Sector SPDR
XRT SPDR S&P RETAIL ETF
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Work Experience

Founder
Orcam Financial Group, LLC
October 2012 - Present (5 years 11 months)

Orcam Financial Group is a financial services firm offering research, advisory, consulting and educational service

Founder
Pragmatic Capitalism
January 2009 - Present (9 years 9 months)
Founder & CEO
Orsus Investments, LLC
May 2005 - September 2012 (7 years 6 months)
Financial Advisor
Merrill Lynch
August 2003 - May 2005 (1 year 10 months)

Financial Advisor with the Goetzman Group in Alexandria, VA managing nearly $500 million in total client assets.

Education

Georgetown University - The McDonough School of Business
BS/BA
1999 / 2003
Finance

Publications

Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance
Cullen Roche
St. Martin's Press
07/08/2014

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 govt 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. 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 uncovers market myths and explains the rise of macroeconomics and why it impacts the readers' portfolio construction.