Cullen Roche - Your Perfect Portfolio: Stop Chasing Returns and Start Building Better Portfolios
This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Cullen Roche. Cullen Roche is the Founder and Chief Investment Officer at Discipline Funds, a financial planning–driven ETF firm focused on aligning investment portfolios with real-world time horizons rather than market predictions. He is the author of Understanding the Modern Monetary System, Pragmatic Capitalism and Your Perfect Portfolio. For more than two decades, his research and writing have helped shape the discussion around macroeconomics and portfolio construction, making him a leading voice in practical, evidence-based investing.
Tune in to hear:
Why does Cullen argue in his new book that there is no perfect portfolio and argues that we should be worrying more about process?
How do we begin to move our clientele from this search for a silver bullet to start thinking about their portfolios in a more systematic, bespoke way?
Why does Cullen believe that advisors should match assets to future liabilities rather than just chasing returns? From a behavioral perspective, why is this shift hard for investors to internalize at times?
Do most “diversified portfolios” fail Cullen’s test of diversification?
If a listener adopted Cullen’s investing framework, what would they likely do differently during a period of market stress compared to an average investor?
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